John Collins...Our Third Star

[DanSchwartzgan]

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?

40. Can the renouncement be renounced? In other words, can a team un-renounce a player and then sign him using a Bird exception?

Only in one specific circumstance -- when they renounce one or more of their players in order to create enough cap room to sign another team's restricted free agent, but the restricted free agent's original team matches the offer sheet and keeps him. If that happens, the team can rescind the renouncement.