supaflash wrote:so technically with trades they're cap is 61 mil ish because of the Haslem Cap hold? Then they are considered over the cap and get MLE?
No.
To have the cap room necessary to absorb the contracts in a S&T for nothing/draft picks, the MLE either never would've been awarded (because their total salary, including cap holds and exceptions, was still below the cap) or it would've had to be renounced (along with rights to players) to free up the cap room.
Haslem's cap hold (until he's renounced or resigned at a lower figure) would count against the cap, so it's not possible for them to trade for Lebron and/or Bosh for draft picks and then be over the cap. It wouldn't be a legal trade.