John Collins...Our Third Star

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I make the distinction because a team can un-renounce a player if things don't go their way.  

For real? I didn't know this was a thing. 

So if JRich opts out, we can renounce him and THJ to free up cap space, but if things don't work out, as long as they're still unsigned (risky, I know) we can unrenounce them, and still use bird rights on their new deals, as long as we aren't over the cap with their cap holds?