(versus those that took it on the chin and accepted the pay cut to help the team);
Firstly, whilst its impossible to know the full truth, what we're hearing is that many players didn't take it on the chin, but have instead renegotiated their contracts.
Without knowing the details, it's hard to say if there is really any difference, in practical terms, as to whether or not a player opted-out.
So Cotton and Kay are in the opt-out category, but they can still renegotiate a contract extension to stay. They can walk away and play in Europe, but many players would have had an out-clause anyway, and traditionally Cats have not held players that wanted to leave for Europe.
I don't know exactly how the sponsorship deals work, whether the "Player Sponsors" are directly contributing a significant amount, but I can't help wonder if maybe this has been a tactic to shake more money from the trees?
And/or a way of deflecting blame if the player leaves? Kay is coming off a stellar 2 years, and was always going to be a likely Euro prospect. Blaming the NBL's salary cuts is more palatable.