isn't the TPE basically only useful over the next two months? We have cap space this summer... if we want to use the cap space, we have to waive the TPE, right?
Basically yes.
This totally changes my whole opinion of the TPE. I guess I was [wrongly] under the impression that we had it for one year, regardless of our cap space, meaning we could sign two very good players this off-season and then use the TPE to bring in somebody else.
Anyone we use it on over the next two months would just eat up cap space this summer anyway. I already hated the deal, but this makes it even grosser.