I posted this in another thread:
http://www.thewarpath.net/showthread...8&page=5&pp=10
I calculate that without a new CBA, we'd be able to get our cap number down to about $98.5M. With the expected number to be $95M, we'd still have to shave off a few million. This would mean cutting a couple core players and would prevent us from signing any free agents or extensions for our current players. So I think we could survive without a new CBA but it might not be pretty.