Yes, we can get under the cap with cutting a lot of dead weight but we also have a roster that is woefully thin in talent. It is not like we can go out and spend money on some top FA to help bolster the roster.
I wouldn't say we are in cap hell but for 2013 we do not have much flexibility. Which I think most fans are OK with b.c if we take our hits this year then in 2014 we will have a boatload of room to make some nice improvements. If we could combine that with good drafts in 2013 and 2014 we will be right back in the thick of things.