Which NBA teams have the most cap space in the 2024 free agency?
NBA free agency will begin on Sunday evening and with that, we can expect to see a flurry of movement, but what’s the cap space that teams have?
It’s the time of year when contenders are constructed and dynasties are destroyed, but regardless of which side of the divide you stand on, it’s always interesting. With that, it’s got to be said that everything comes down to resources and how much of them franchises can afford to let go. So, let’s take a look at who is working with what.
Some context on free agency and the salary cap.
If you caught our previous report about the intricacies NBA’s salary cap, then you likely that In late January of this year, the league took the decision to lower its salary cap projection for the 2024-25 season from $142 million to $141 million. Although the projection has dipped, it still represents a 3.66% increase from the 2023-24 campaign which had a cap of $136 million.
Now, with the 2024 NBA Draft now complete and free agency looming, we were always going to see movement, it was just a question of who and to where. That said, one can expect to see a little more of that this year due to the changes. If you didn’t know, this will be the first offseason to utilize the new second-apron restrictions for teams over the luxury-tax threshold.
To be clear, any team that is over that second line won’t be able to aggregate contracts to trade for a single player, send out cash in trades, use trade exceptions from previous years, or reclaim more salary than they allocate in a trade. With that in mind, teams such as the Philadelphia 76ers who lead the league with $58.4 million in projected cap space, won’t have to worry about the second apron. That said, there are also a number of team who have the wiggle room to spend big in the next few days. In the table above you can take a look at what every team is working with i.e., who has the most and who has the least cap space. We hope this helped.