As well as being calculated over a 4 year period the cap floor is calculated by pure cash spend though so you can't just say it's 89% of the cap ceiling figure anyway. The figures you use to calculate floor and ceiling aren't the same.
You know there's always a way to free up some $ if needed, by renegotiating 7 If it's a matter of him or Pace I'd much rather it be Pace. He had a pretty solid year for us last season.