But we could also NOT use the stretch provision. Simple waive, keep his cap hit on the books. Then sign Daniels.
Here's the tricky bit. Currently, we sit about $700k clear of the tax line. Any player signed to a minimum salary, unfortunately, counts as a 2-year veteran for tax purposes. For example, Cherry is signed for 500k, but counts as 900k for tax purposes.
Same goes for Daniels if we sign him to a minimum deal. That 900k (he'd make 500k, like Cherry, but count as 900k) would put us over the tax by 200k - which is an undesirable negotiating position to be in when you have to dump salary later in the season - could cost us a 2nd rounder or worse. That 200k doesn't just cost you 200k in taxes. It also costs you the revenue sharing that non-tax teams get (usually about $3M), and starts the clock on the repeater tax down the line. Better to avoid it if at all possible.