NBA salary-cap glossary
A placeholder charge for a free agent the team still holds rights to — it counts against their cap until he re-signs or is renounced.
CBA 2023 free-agency and Bird-rights provisions
Rulebook entry: cap-intelligence.bird-rights-cap-hold-formula
A cap hold sits on the books until the player re-signs or is renounced; the engine's cap sheets show it so room isn't overstated.
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