Update #2 (01/16):
As of the last update, the Clippers effectively traded away their 2017 first round pick and incurred a $950K dead-money salary cap charge for this and the next four years in order to get rid of the contract of Jared Dudley, who despite a down year remains a solid player, dropping the team down from 12 to 11 players. They then used the resultant cap space to sign four players: Chris Douglas-Roberts, Epke Udoh, Hedo Turkoglu and Jared Cunningham (and Joe Ingles, who was later waived).
The question then became: Would you have rather had (i) those four players OR (ii) Dudley + one of those four players + the 2017 first round pick back + no $950K dead-money charge for the next five years? This is the question I posed as the conclusion to my first update.
Since that time, the Clippers traded away $300K in cash to get rid of Jared Cunningham and then traded 2013 first round draft pick Reggie Bullock, Chris Douglas-Roberts and a 2017 second round draft pick for the expiring contract of soon-to-be unrestricted free agent Austin Rivers (son of coach Doc Rivers).
So… After being hard-capped at the apron back in July, the Clippers have essentially traded Bullock, Dudley, a 2017 first round pick, a 2017 second round pick, $300K in cash AND incurred a $950K dead-money salary cap charge for five years in exchange for Rivers, Turkoglu and Udoh.
The Clippers could have instead kept Bullock, Dudley, their 2017 first round pick, their 2017 second round pick and their $300K in cash, either of Turkolgu or Udoh (but not Rivers), and avoided the $950K charge for the next five years, and still remained below the hard cap. While the Clippers remain a very solid team on the court, it would appear that their general management of the court has been rather awful.
The two players who caused the hard cap issues?
Hawes: Hasn’t worked out thus far.
Farmer: Bought out (giving back $950K of the $3.2 million remaining on his contract for this and next season), with next year’s remaining cap hit stretched over three seasons at a cost against the salary cap of $510,922 per season.