The Blazers are preparing an offer sheet for Paul Millsap, one that they hope the Utah Jazz will be unable to match.

They are $7.7 million under the cap, but can gain an additional $1.65 million by renouncing the rights to Petteri Koponen and Joel Freeland. However, in the process, the Blazers would be assessed with a roughly $450,000 cap hold for having less than 11 players, thus giving them $8.9 million in cap space.

Via Oregonian

Portland Trail Blazers, Utah Jazz

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