we extended a qualifying offer to delfino to keep his matching rights. if he'd stayed in the nba we would have been given the option to match another teams offer if he'd signed their offer sheet. since he signed with a foreign club, we retained the rights. i believe we have to continue to extend him a qualifying offer every spring/summer to maintain those rights. if we withdraw the qualifying offer, renouncing his rights, the team gets that caphold cash cleared off the books to spend elsewhere.
he doesn't count on the cap/tax in-season. but the qualifying offer takes up potential capspace during the summer.
in the espn article jeffb referenced bc is said to be interested in marion and barbosa
NBA front-office sources say that Colangelo covets two of the players he drafted in Phoenix -- Miami's Shawn Marion and the Suns' Leandro Barbosa -- but likely lacks the assets to trade for either one. More realistic targets, sources say, are Phoenix's Boris Diaw, Chicago's Andres Nocioni or Charlotte's Gerald Wallace, all of whom possess contracts which stretch beyond the 2009-10 season, with cheaper but less inspiring alternatives (Houston's Luther Head and Golden State's Marco Belinelli) also available.
It is nonetheless considered an inevitability in Toronto, as Colangelo ponders his wisest course, that two players whose last-year salaries weren't high enough to make our adjacent top-20 list -- Joey Graham ($2.4 million) and Colangelo favorite Anthony Parker ($4.6 million) -- are virtual locks to be moved before the Feb. 19 trading deadline, as well as last season's darling, Jamario Moon. Colangelo would prefer not to part with Parker, but the former Maccabi Tel-Aviv star's expiring contract would appear to be the Raptors' best trade chip.