The first team to terminate a player's contract has the right to set off, which will be passed down to each team in order. Is this statement true or false?

The statement is correct because, in the context of the NBA, when a team terminates a player's contract, they maintain rights related to that contract which may extend to subsequent teams. The principle of set-off allows a team that holds a player's contract to offset any financial obligations against that player's salary with any future team that signs that player. This ensures that the financial implications of a player's contract are managed in a way that prevents undue advantage or financial burden on the current team.

This concept is rooted in the contractual agreements and salary cap rules that govern the NBA, allowing for a more structured and fair approach to contract management as players move between teams. Thus, the first team’s decision to terminate a contract indeed has implications for subsequent teams, particularly concerning contractual obligations and salary cap considerations.