The Portland Trail Blazers appeared to be blowing up the roster following the series of trades they completed ahead of the Feb. 10 trade deadline. Having first shipped Norman Powell and Robert Covington off to the Clippers, the Blazers then turned and dealt CJ McCollum, Larry Nance, and Tony Snell to the New Orleans Pelicans. However, it doesn't seem as if the Blazers are ready to throw in the towel on being competitive just yet. Per Adrian Wojnarowski, despite the Blazers' roster overhaul, the team intends to “reshape” around Damian Lillard and pursue high-end talent “now”.

Wojnarowski reports that the Blazers' decision to offload McCollum opened up a $21 million trade exception, as well as a possible $60 million in salary cap space this summer. While that sounds great for the Blazers, a deeper dive into their finances reveals it's not as pretty as it looks at surface level.

Per Eric Griffith, much of Portland's available cap space this offseason would be contingent on both Jusuf Nurkic and the recently-acquired Josh Hart leaving the team in free agency this summer. If Nurkic and Hart leave the team, Portland would have $34-35 million in cap space, per Griffith. However, if the two remain on the roster, that figure dwindles down to $3-4 million.

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Additionally, it's unclear who Portland even hopes of acquiring in the offseason. Most of the top free agents this offseason are guards, and with the Blazers planning to build around Damian Lillard and likely utilize Anfernee Simons alongside him, the team's biggest need is clearly at the wing.

Still, the Trail Blazers seem committed to making things work with Lillard, and per the latest reports, a complete rebuild is not the route they'll be taking.