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This flexibility and cap room will quickly evaporate with long term contracts to Patty, Diaw, etc. Meaning when a Tim and Manu actually do retire it won't create much more flexibility for the Spurs to go sign marquee players.
Leonard and Mills are the only players due for a big raise. Everyone else should stay about the same or take a cut on their next contract. Leonard's will hurt, but Mills's contract will probably be canceled out completely by Bonner even if the Spurs bring him back for the vet minimum. Then you've got Manu's 7 either dropping or going away entirely and Tim's 10 dropping or going away.
I'm more worried about finding a viable replacement for Duncan's talent than finding the money to pay him. Hopefully RC and Pop can pull a San Antonio Special by finding a young, hungry, overlooked player on a reasonable contract who can perform much better than he has been with a strong supporting cast and development organization around him. It's a lot tougher with big guys because everyone is looking, but I think it can be done.
Maybe the difference is that you're thinking about signing (expensive) marquee players and I don't think that's very important. The Spurs have picked up one marquee player in the last 20 years. That worked out pretty well, but it's not really what they do.
Besides, we're all forgetting Erazem Lorbek.