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If Curry teats FA, his $12 mill will be added to cap hold, not cap space...
It's 150% of his previous salary which would be around 18 million. Cap holds count in the cap space unless you renounce the free agent but you lose the bird rights if that's done. So GS has 34 mil committed to Dray and Klay next summer + Steph's cap hold of an estimated 18 million. That gives them 52 million. KD does his 1+1 and is eligible for the starting salary of 38.5 in 2017 that brings the total to 90.5 million. Cap is projected to be between 110-114 million. So that leaves GS wother 20-24 million to sign other guys then go over the cap to resign Steph to a max deal starting at 33 million.