Can someone explain to me the logistics of CP3, Deron, and Howard's contracts as they relate to the new CBA?? According to my primitive understanding, all three have 2 years left on their contracts but can opt out this offseason (except maybe CP3 as I understand he has committed to the Clips not to opt-out)

But I have been told that financially, it actually makes more sense to opt out (for Deron and Howard) even if they want to stay in NJ and Orlando because they can get MORE money. So perhaps the reason that the three of them have not signed multi-year extensions with Nets, Clips, and Magic is more financial than anything else.

If Deron and Howard opt out after this year, they can sign for 5 years at 20 mill each (but if they go to another team, they only get 4 years and around 70 million.) Even a sign and trade wouldn't do much for their salary.

Can someone explain to me the logistics of these 3 guys situations? Am I understanding this correctly?