Below i copied and pasted how it works, apparently. Essentially, if they can sign a vet for the league minimum + 42k (about 120k total) unless there is another trade involving wallace.
First, this needs to be upvoted more to get it to the top as it answers the most pressing question of how the buyout affects the cap situation.
Second, I don't know about this move. Let's assume that they bought her out for the difference between her current salary ($180k) and a league minimum vet contract ($76,535) with the expectation that someone would pick her up for that price and she'd have a better opportunity at another team than the Fever. That would mean that that Fever incurred $103,465 in dead cap to free up $76,535 with no player to show for it. Put another way, the Fever valued KLS at less than a league minimum contract. While I don't think she was worth her contract, I think a 6'3'' floor stretching wing that is at least above average on defense is worth a league minimum deal. It also doesn't look like KLS was the one wanting out of Indiana. Even combined with the $42,419 in space, it only adds up to a hair under $119k. That's not a ton of money.
I wonder if this is a precursor to trading Wallace for a 2nd round pick (which would get them up to a hair over $200k. If they did that, they'd be able to sign a vet for ~$136k and still have room for their other 2nd round draft pick or Jaelyn Brown (each $66,079) with 11 on the roster.