I don't think they do. They still have to pay a good amount of Price's salary, and they also have to pay the players who are coming in.
To me, what they did is get rid of a popular, MVP calibre player, whom they could have gotten for one year at WAY below market value.
But JH is happy--that's the important thing. And, since TB is the model, the 14,000 fans who attend each game will be able to stretch out over a bunch of seats and relax.