To get an idea of what a MLS roster looks like imagine if this was how Wade had to build his team (with estimates for their actual pay in parentheses)
Darrion Williams - Designated Player - $800,000 (2.5M)
Ven Allen Lubin - Designated Player - $800,000 (1.2M)
Matt Able - Young Designated Player* - $200,000 (800k)
Tre Holloman - Allocated Money - $600,000 (1.2M)
Terrance Arceneaux - Allocated Money - $350,000 (700k)
Paul McNeil - Homegrown Player - $100,000 (500k)
Zymicah Wilkins - Homegrown Player - $100,000 (100k)
Colt Langdon - Youth Initiative* - $50,000 (50k)
Jayme Kontuniemi - Youth Initiative - $50,000 (50k) (International)
Quadir Copeland - $400,000
Alyn Breed - $200,000
Jerry Deng - $200,000
Musa Sagnia - $200,000 (International)
Scottie Ebube - Senior Minimum - $50,000
Jordan Snell - Reserve Minimum - $0
Salary Cap: $4.1M (actual spend - $8.15M)
2 International Slots used
*Young Designated Player instead of another regular Designated opens up Youth Initiative slots that give you more cap exempt slots for young players - in MLS you also get to spend transfer fees on these guys, obviously not applicable to CBB but it'd be like if paying Deron Rippey helped you get a deal on his buddy who was a Top 100 recruit
International slot is its own mess. Nikola Markovic is going to count as an International in MLS even though he's Canadian. You only get 8 International slots (equivalent to like 3 or 4 in CBB) and if you exceed that you have to trade for more from other teams. So like Illinois would have traded for half their teams slots
It's a very dumb way to have to build a team, you can see how for instance VAL and Tre make the same but are categorized differently, those are choices you have to make and sometimes theyre just a matter of timing or how you get the player. Still, most of the league is between $11M and $20M spent this year on a salary "cap" of $6M. A couple others are just above 20 and then Miami is an outlier with Messi and friends and some league bending the rules for them at $37M