Apparently Melo took less than the max. 5/$124M instead of 5/$129M. So much more cap space.
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If he was willing to take less money to win, the Spurs should have offered him the MLE.

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Thanks to the NBA’s collective bargaining agreement, the league’s best players are the least free. In order to move to a better basketball situation, many players must sacrifice millions of dollars. As if uprooting a family, changing cities, and immersing themselves in a new work environment weren’t big enough deterrents to relocation, the CBA essentially adds to free-agent inertia by artificially inflating the value of staying put while simultaneously oppressing the attractiveness of every other potential destination on the NBA map.

