Ok, we (Matt) have talked at great length of the dangers to Jose's summer play and the injuries or reduced effectiveness as a result. So...if Jose gets injured this year, does Toronto automatically amnesty?
One the one hand it is an obvious yes, since an ineffective Calderon at over $10M is a hindrance. On the less obvious side though, is most of the 'worth signing' PGs would be gone and locked up by such time, and to add to this, if Jose gets injured and the Raptors slowly nurse him back into the game, he would be a strong trade chip come deadline (potentially).
Finally it could be, he gets injured, nursed back to health, plays out the year and re-signs for a more modest salary.