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You have to be under or at the cap when making moves. You are on the hook for the 12 mil for Jason Bay. This trade now makes that bid illegal if it is processed. Therefore it cannot be processed, unless you clear 2.5 mil, or someone outbids you on Jason Bay. You don't have the money to do both. Unless you want to drop 5 guys with prospect contracts. That is your prerogative. That was one (among others) of the reasons why the Hanley to Boston trade didn't go through.
Wow...that NEW rule could have helped when I acquired Hanley... my two cents.