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Extensions:
$$ left = [Last year marketing revenue + Last year Gate revenue + This year TV contract + Cash] - [salary of players with 2 or more years left on their contract + extensions signed + salary of coaches]
Free agent period:
$$ left = [Last year marketing revenue + Last year Gate revenue + This year TV contract + Cash] - [salary of players on the team + salary of players that have a contract offer + salary of coaches]
Signing free agents during season:
$$ left = [Last year marketing revenue + Last year Gate revenue + This year TV contract + Cash] - [salary of players on the team + salary of coaches]
I think you have to now add in arbitration to this.
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