Kennys Kitchen Anchorage

The 2024 NBA offseason has started for all but two teams -- the Boston Celtics and the Dallas Mavericks -- and we have a much clearer picture of the big questions facing each franchise.

Which decisions on key players, trades and new contracts will matter most ahead of the NBA draft (June 26-27) and the free agency window (officially opening June 30 at 6 p.m. ET)?

We're breaking down for all 30 teams what to watch, what to learn from the draft, team needs, salary cap analysis, the impact of the collective bargaining agreement, the depth chart, dates to watch and likely free agents. ESPN draft expert Jeremy Woo examines what each team can do ahead of the draft. 

Notes: Depth charts include expected roles for players who are under contract for the 2024-25 season. There's also an explainer for Bird rights at the end of this piece. The future draft assets rating from 1-10 takes into account first- and second-round picks each team possesses in the next seven years. For example, the Oklahoma City Thunder rate a 10, with 33 such picks, while the LA Clippers, with two, rate a 1.

Jump to a team: ATL | BOS | BKN | CHA | CHI | CLE DAL | DEN | DET | GS | HOU | IND LAC | LAL | MEM | MIA | MIL | MIN NO | NY | OKC | ORL | PHI | PHX POR | SAC | SA | TOR | UTA | WAS

Offseason priorities

The 2024 draft

Draft notebook

This is a challenging year to select No. 1, with no consensus pick on who's the top player in the draft, and the Hawks have their work cut out for them after unexpectedly winning the draft lottery. Top options Alex Sarr, Zaccharie Risacher and Donovan Clingan address a range of potential needs across the frontcourt, but each should help to shore up Atlanta's defense. If there's an opportunity to trade back and create value during this important offseason, Atlanta will have to consider it. The Hawks will need to think big picture with their roster to maximize the value and fit of whichever prospect they select No. 1. -- Jeremy Woo, ESPN draft analyst

Team needs

Future draft assets rating: 3 out of 10

The Hawks will send their 2025 and 2027 picks to San Antonio as part of the trade that brought Murray to Atlanta in 2022. San Antonio also has the right to swap firsts in 2026. The first allowable year the Hawks can trade a first is 2029. Atlanta has six second-round picks available.

Cash: $7.0 million (to send) | $5.9 million (to receive)

Cap space breakdown: Including the first pick in the draft, Atlanta has $176 million in salary next season. Because of the $5 million in unlikely bonuses of Murray, Hunter and Clint Capela, Atlanta is over the first apron. 

CBA impact: The Hawks will trigger the $178.6 million first apron in July if they take back more money in a trade, acquire a player in a sign-and-trade or use a preexisting trade exception. Atlanta has a $23.0 million, a $2.6 million and a $2.3 million trade exception. The $189.6 million second apron is triggered if the Hawks aggregate outgoing contracts or send cash in a trade.

Dates to watch

Extension eligible: Young, Johnson and Capela (as of July 6); Mathews; Fernando (as of Oct. 2)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The 30th pick is an important opportunity for Boston to add a cost-controlled rookie as it continues to operate over the second apron.

It would make sense for the Celtics to target a more NBA-ready prospect, ideally someone who can provide immediate depth behind their expensive starting five.

If the Celtics feel comfortable with their bench options for next season, they could instead opt for a prospect that might provide value farther in the future. -- Woo

Team needs

Future draft assets rating: 6 out of 10

Including their 2024 pick, the Celtics are allowed to trade as many as four first-round picks (also 2025, 2027 and 2031). They also can trade their 2026 first but not combined with either 2025 or 2027. San Antonio has the right to swap firsts in 2028 (top-one protected). The Celtics also will send Portland an unprotected 2029 first. The Celtics have five second-round picks available to trade.

Cash: $7.0 million (to receive)

Cap space breakdown: The Celtics finished the 2023-24 season in the second apron, and they are projected to remain there -- at a projected $5 million -- in 2024-25.

CBA impact: The Celtics are not allowed to aggregate contracts, acquire a player in a sign-and-trade, use the $5.1 million tax midlevel exception, take back more money in a trade, send out cash or use a preexisting trade exception.

Dates to watch

Extension eligible: White, Tatum and Jaden Springer (as of July 6); Hauser (as of July 9); Xavier Tillman (through June 30)

Free agent status

Offseason transactions: Bojan Bogdanovic (trade)

Offseason priorities

The 2024 draft

Draft notebook The Nets hold no picks at present, but they have the assets to buy or trade into the draft. There should be opportunities to do that, with many teams holding multiple selections in the middle to late part of the draft and presumably looking to create value, rather than utilizing all their picks on players. Brooklyn could have bench minutes available for the right NBA-ready rookie or it could take a longer view and target a younger prospect. If the Nets don't get into the draft, they will want to be aggressive on the undrafted free agent market. -- Woo

Team needs

Future draft assets rating: 10 out of 10

The Nets signaled the rebuild by sending Mikal Bridges to New York but now are stacked with future draft first-round picks. Including four unprotected firsts from New York (2025, 2027, 2029 and 2031), Brooklyn also has the right to swap a first with the Knicks in 2028. They also have a 2025 Milwaukee first if it falls outside of the top-4. More important, however, is the fact the Nets now have control over their own firsts in 2025 and 2026.

In a separate trade with Houston, Brooklyn received both prized draft assets that were sent as part of the James Harden trade. The Rockets still have the right to swap firsts with Brooklyn in 2027. Brooklyn has the least favorable 2024 first of Houston (if 11-30), Oklahoma City and Phoenix.

The Nets also have the least favorable of the 2029 Phoenix or Dallas first also. The Nets also have the right to swap their own first or Philadelphia's (if the pick's range is within Nos. 9-30) with Phoenix or New York in 2028. The Nets are allowed to trade up to 12 firsts and have a total of 15. Brooklyn also has 10 second-round picks available.

Cash: $7.0 million (to send) | $6.9 million (to receive)

Cap space breakdown: Brooklyn has $128 million in salary but is expected to be over the salary cap because of the Claxton free agent hold and more than $48 million in trade exceptions ($20.4 million, $11.9 million, $9.5 million and $6.8 million).

CBA impact: Brooklyn has no trade restrictions in how it can add to its roster. 

Dates to watch

Extension eligible: Thomas, Simmons and Day'Ron Sharpe (as of July 6)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

Charlotte is building around the young trio of Ball, Miller and Mark Williams, and it will be aiming to complement their skill sets with the No. 6 pick. Ball's size and shooting ability could allow him to pair effectively with a second ball handler, putting names such as Reed Sheppard and Rob Dillingham in the mix. Charlotte could also target a bigger wing defender such as Stephon Castle, Cody Williams or Ron Holland, depending on who is available. If the Hornets decide to be aggressive, there could be opportunities to move into the top three. -- Woo

Team needs

Future draft assets rating: 7 out of 10

The Hornets owe San Antonio a top-14-protected first in 2025. They are allowed to trade their own first starting in 2027. From two separate trades, Charlotte has a 2027 first from Dallas and Miami. The Mavericks' first is top-two protected. If the Heat convey their 2025 first to Oklahoma City, then the 2027 first owed to Charlotte is top-14 protected. The first is unprotected in 2028 if not conveyed in the prior season. They have seven second-round picks available.

Cash: $7.0 million (to send) | $5.5 million (to receive)

Cap space breakdown: Including a pick in the lottery, Charlotte has $105 million in guaranteed salary -- well below the $141 million salary cap. However, the future of Bridges and the decision on whether to waive Bertans will dictate how much flexibility the Hornets have in the offseason. The Hornets have a $3.6 million trade exception available.

CBA impact: Charlotte has no restrictions in how it can add to its roster.

Dates to watch

Extension eligible: Tre Mann, Bertans and Cody Martin (as of July 6); Thor

Free agent status

Offseason transaction: Josh Giddey (traded from Oklahoma City)

Offseason priorities

The 2024 draft

Draft notebook

The emergence of Coby White helps give some direction moving forward. The Bulls have long-term needs at all three frontcourt spots, something they might be able to address with the 11th pick. But after trading Alex Caruso to the Thunder for Josh Giddey, there's also room to add in the backcourt, suggesting this will be a best-available spot for them. Chicago might not have the patience for a total project pick, but finding a young contributor with room to grow long term would be a successful outcome. A Caruso replacement such as Devin Carter or a scoring wing such as Ron Holland might make sense. -- Woo

Team needs

Future draft assets rating: 4 out of 10

The Bulls owe a first-round pick to the Spurs that is top-10 protected in 2025 and top-eight protected in 2026 or 2027. They have a first-round pick from Portland that is top-14 protected over the next four years. If the first is not conveyed, the Trail Blazers will send a 2028 second. The Bulls have three second-round picks available.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: Including its first-round pick, Chicago has $133.5 million in salary, well below the $171 million luxury tax threshold. However, if free agents DeRozan and Williams are signed, Chicago could exceed the luxury tax for the first time since 2015-16.

CBA impact: There are no current apron restrictions for Chicago. However, they could be against the first apron if they re-sign DeRozan and Williams and do not trade LaVine.

Dates to watch

Extension eligible: Ball (as of July 6); DeRozan (through June 30)

Free agent status

Offseason priorities

The 2024 draft 

Draft notebook

In the middle of a coaching change, the Cavs are casting a wide net at No. 20. They have needs across the depth chart, some uncertainty around the roster next season, and their own picks outgoing in the coming years. There's a more pronounced need for frontcourt help, but Cleveland will likely take a best-available approach, whether that's drafting a potential immediate contributor or taking a player in need of further development to log meaningful minutes. -- Woo

Team needs

Future draft assets rating: 2 out of 10

The Cavaliers can trade their 2031 first-rounder starting the night of the draft. From the Mitchell trade, they will send Utah unprotected firsts in 2025, 2027 and 2029. The Jazz also have the right to swap firsts with Cleveland in 2028. The Cavaliers can swap their own first in 2026, 2030 and 2031. Cleveland has eight second-rounders available.

Cash: $5.9 million (to send) | $7.0 million (to receive)

Cap space breakdown: Including its own first-round pick, Cleveland is $10.5 million below the luxury tax. Cleveland has not paid the luxury tax since 2018, the last year LeBron James was on the roster.

CBA impact: There are no apron restrictions, but Cleveland does need to weigh the cost of retaining Okoro. The Cavs are currently $17.6 million below the first apron.

Dates to watch

Extension eligible: Mitchell, Mobley and Allen (as of July 6); Dean Wade (as of Sept. 27)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Mavericks have the 58th and final pick of the draft, giving them an opportunity to grab the best available player on their board, or to potentially try to finalize a deal for a prospect they like before they hit the undrafted free agent market. They could theoretically look to buy in higher, but the Mavs are rolling over enough depth into next season that they might not need to add a rookie at this juncture with that level of urgency. -- Woo

Team needs

Future draft assets rating: 3 out of 10

Dallas owes Charlotte a top-two-protected first in 2027 and Brooklyn an unprotected first in 2029. The Thunder and Spurs have the right to swap firsts with the Mavericks in 2028 and 2030. Dallas is allowed to trade its own 2025 and 2031 firsts starting on the night of the draft. The Mavericks are also allowed to swap firsts in 2025, 2026 and 2031. Dallas has four seconds available.

Cash: $6.9 million (to send) | $7.0 million (to receive)

Cap space breakdown: The Mavericks are $1.8 million over the luxury tax and $3.6 million below the first apron. They will exceed the first apron if the roster stays intact and Jones is brought back.

CBA impact: For the short term, Dallas is allowed to send out cash in a trade, take back more money and use the preexisting trade exceptions ($4.8 million and $4.0 million). They will be hard-capped at the $178.7 million first apron if any of the three resources are used.

Dates to watch

Extension eligible: Hardaway and Hardy (as of July 6); Gafford (as of Oct. 1); Kleber (as of Sept. 8)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Nuggets' front office strongly values the draft as a means of adding inexpensive talent while maintaining a contending-level roster around Nikola Jokic. With a late first-rounder at No. 28 and a late second-rounder, Denver will try to find prospects who fit its system and can contribute in the near future. Expect the Nuggets to explore opportunities to acquire another pick in the middle of the draft, if it's affordable. -- Woo

Team needs

Future draft assets rating: 2 out of 10

The Nuggets are limited with draft assets and can move their 2024 first-rounder starting the night of the draft. From the Aaron Gordon trade, Denver will send Orlando a 2025 top-five-protected first. The pick is also top-five protected in 2026 if not conveyed. Two years after that condition is met, Denver will send Oklahoma City a top-five-protected first. The pick is top-five protected in the next two years (2028 and 2029).

Finally, the Nuggets will send the Thunder another top-five-protected pick two years after the first is sent. An example is Denver sending its 2025 first to Orlando, then 2027 and 2029 firsts to the Thunder. The Nuggets could trade their 2031 first, but there is no guarantee the receiving team receives it because of the pick protection in the preexisting years. Denver has three seconds available.

Cash: $7.0 million (to send) | $4.3 million (to receive)

Cap space breakdown: Including their first-round pick and the player option of Caldwell-Pope, Denver has $190 million in committed salary. The Nuggets are a tax team if Caldwell-Pope returns.

CBA impact: Until June 30, Denver is a first-apron team. The Nuggets are not allowed to take back more money in a trade. If they aggregate contracts or send cash in a trade, then the $189.6 million second apron for next season will get triggered. They are a second-apron team if Caldwell-Pope is brought back. Denver is not allowed to aggregate contracts in a trade if it remains in the second apron.

Dates to watch

Extension eligible: Murray (as of July 6); Cancar (as of July 7); Caldwell-Pope (as of July 16); Gordon (as of Sept. 27); Porter Jr. (as of Sept. 29)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

This draft will tell us something about Detroit's direction under Langdon as he works to reshape a young roster. The Pistons have young players at every position, as well as cap space to round out their personnel, but they should eye prospects who can enhance their versatility and offer viable shooting. There's a case for several of the top names at No. 5 -- particularly Matas Buzelis, who fits with the roster nicely and would enhance Detroit's options at the forward spots. -- Woo

Team needs

Future draft assets rating: 5 out of 10

Detroit owes a first-round pick to New York that is top-12 protected in 2025, top-10 protected in 2026 and top-nine protected in 2027. The next available first-round pick the Pistons can trade is in 2029. They have no incoming first-rounders via trade. They have eight second-round picks available.

Cash: $6.1 million (to send) | $2.4 million (to receive)

Cap space breakdown: Detroit is in position to reshape its roster in free agency. The Pistons could have up to $66 million in cap space if Fournier's $19 million team option is declined and Troy Brown Jr. and Stanley Umude are waived. The room includes the draft hold for the fifth pick in the draft and the cap hold for restricted free agent Simone Fontecchio. Detroit has a $10.5 million trade exception to use before July 1.

CBA impact: The Pistons have to spend $127 million (90%) of the $141 million salary cap by the first day of the regular season. 

Dates to watch

Extension eligible: Cunningham and Quentin Grimes (as of July 6); Fournier

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Warriors typically aren't shy about spending, but they're functioning as a second-apron team, which limits their opportunities to move into the draft. Considering their potentially tight cap situation, expect Golden State to offer the second-round pick exception (rather than a two-way contract) to help them land a prospect they like at No. 52 -- a strategy they used last year to sign Jackson-Davis to a bargain deal.  -- Woo

Team needs

Future draft assets rating: 5 out of 10

The Warriors are allowed to trade their 2025 first-round pick starting on the night of the draft. They have a maximum of two firsts allowable to move (2025/2027 or 2026/2028) in the next seven years. Golden State can also trade its 2030 first but only if it falls between Nos. 1-20. The Wizards will receive the Warriors' 2030 first if between Nos. 21-30. They are allowed to swap their own first in the next seven years. The Warriors have four second-round picks available.

Cash: $5.9 million (to receive)

Cap space breakdown: The Warriors' flexibility starting after July 1 is dependent on Paul's $30 million non-guaranteed contract and free agent Thompson. If Paul is waived, Golden State is $37 million below the luxury tax and $57 million below the second apron.

CBA impact: Because Golden State is a second-apron team until June 30, it is not allowed to send out cash, aggregate contracts or take back more money in a trade. The restrictions are lifted starting July 1 if the Warriors go below the second apron.

Dates to watch

Extension eligible: Thompson (through June 30); Curry, Paul, Kuminga and Moody (as of July 6); Looney (as of July 9)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

A favorable lottery outcome landed the Rockets at No. 3 -- giving them a prime selection in a draft without clear-cut top choices. Considering the talent already on the roster and Houston's strategy of finding transactional value on the margin, rival teams expect them to consider opportunities to trade back and pick up assets in the process -- or out of the draft for the right player. If they stay at No. 3, expect the Rockets to swing on the best available talent, depending on what happens ahead of them. -- Woo

Team needs

Future draft assets rating: 7 out of 10

The Rockets would rank higher, but there are still pick obligations from the 2019 Chris Paul trade owed to Oklahoma City in the next two seasons. The Thunder have the right to swap firsts with Houston (top-10 protected) next year and also a top-4 protected first in 2025. The Rockets have a 2027 unprotected first from Phoenix and the more favorable 2029 first from Dallas or Phoenix. They also have the right to swap their own first in 2029 with the less favorable of Dallas and Phoenix. Houston could also have the right to swap firsts with the 2025 Phoenix first that Brooklyn has. Houston has five second-round picks available.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: Houston will enter the offseason with $139 million in guaranteed salary but is over the $141 million cap because of $16 million in non-guaranteed contracts.

CBA impact: There are no restrictions for the Rockets.

Dates to watch

Extension eligible: Green, Sengun and Tate (as of July 6); Adams (as of Oct. 1)

Free agent status

Offseason transactions: Pascal Siakam (agreed to a four-year $189.5 million contract)

Offseason priorities

The 2024 draft

Draft notebook

Indiana has three second-round picks and has done a good job finding value in the mid-to-late part of the draft, grabbing Andrew Nembhard and Ben Sheppard in recent years. The Pacers don't have any glaring needs that will be easily addressed with the 36th pick, so Indiana can consider all options and swing for upside if it chooses. Assuming they don't want to have three rookies on the roster, the Pacers could look to sell one or two of their seconds, particularly with Nos. 49 and 50 being back-to-back. -- Woo

Future draft assets rating: 5 out of 10

The Pacers have their own first in 2025 but are unable to trade any others until 2028 at the earliest. They will send Toronto a top-14 protected first in 2026, which becomes a top-4 protected in 2027 not conveyed by that year. They have nine seconds available.

Cash: $6.9 million (to send) | $6.9 million (to receive)

Cap space breakdown: The Pacers are approaching the $171 million luxury tax after the agreeing to a new contract with Siakam. Including the $7.7 million Toppin qualifying offer, Indiana has $164.7 million in salary.

CBA impact: There are currently no restrictions for Indiana.

Dates to watch

Extension eligible: Doug McDermott (through June 30); McConnell, Smith and Isaiah Jackson (as of July 6); Nembhard (as of July 22)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Clippers continue to spend aggressively and aren't ripe with future draft picks. The 46th pick gives them an opportunity to shore up their depth and get younger on the margins. It would make sense for them to target more experienced prospects who can add value alongside their stars -- or step in if they lose talent in free agency -- potentially utilizing second-round exception money to help fill in the blanks on the back end of their roster. -- Woo

Team needs

Future draft assets rating: 1 out of 10

Because of prior trades, the earliest first the Clippers can trade is either 2030 or 2031 (but not both). The Clippers have two second-round picks available.

Cash: $7.0 million (to receive)

Cap space breakdown: The Clippers are projected to exceed $200 million in payroll if George and Harden return. They are a luxury tax team for a fifth straight season and once again a repeater tax team.

CBA impact: The Clippers are in the second apron until June 30. They are not allowed to send out cash in a trade, take back more money or aggregate salaries. They are a projected second-apron team if George and Harden are brought back.

Dates to watch

Extension eligible: George; Boston (through June 30); Bones Hyland, Mann, Ivica Zubac, Amir Coffey, Tucker, Norman Powell (as of July 6)

Free agent status

The 2024 draft

Draft notebook The Lakers are entering a major offseason and potentially big changes to their roster while trying to maximize the situation for LeBron James. If they keep the 17th pick, expect them to target prospects they feel can contribute right away to give James another chance at title contention. Naturally, speculation persists Los Angeles might target Bronny James at No. 55, presuming he's still on the draft board. -- Woo

Team needs

Future draft assets rating: 5 out of 10

The Lakers owe New Orleans an unprotected first in 2025 and a 2027 top-4 protected first to Utah. Besides its own first in June, Los Angeles can trade a 2029, 2030 or 2031 first. The maximum allowed is two (2029 and 2031). The Lakers have four second-round picks available to trade.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: Including their first-round pick, the Lakers are over the $178.7 million first apron next season and are $4.8 million below the $189.6 million second apron. They will get financial relief if Russell declines his player option. The Lakers are projected to be a repeater tax team for the fourth consecutive season if Russell opts in.

CBA impact: The Lakers must have an eye toward their 2024-25 finances if they make any trades. Currently they are allowed to take back more money in a trade, aggregate contracts to trade for a single player making a high salary, and send cash in a trade. However, using any of the three options prior to July 1 would trigger the second apron. The first apron also gets triggered if the Lakers take back more money than they send out in any trade.

Dates to watch

Extension eligible: James (as of Aug. 18)

Free-agent status

Offseason priorities

The 2024 draft

Draft notebook

The Grizzlies are hoping to return to the playoffs and have a pronounced need for a true center, while also staring down an increasingly expensive roster. Donovan Clingan looks like an ideal fit, but Memphis would likely have to trade up from No. 9 to select him. If the Grizzlies stay at No. 9, it's more likely they'd target the best player available, ideally one who can contribute useful minutes next season. If there's an opportunity to move back, select a big and create value, that route could also make sense. -- Woo

Team needs

Future draft assets rating: 8 out of 10

The Grizzlies control their own first over the next seven years. They also have the right to swap their own 2026 first for the less favorable of Phoenix, Orlando and Washington. The Grizzlies also have the right to swap their own 2030 first for the less favorable one among the Suns and Wizards. Memphis has six second-round picks available.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: The $14.8 million Kennard team option will determine whether Memphis enters free agency with the largest payroll in team history. Including Kennard and their first-round pick, the Grizzlies not only will exceed the luxury tax but are also $3 million over the first apron.

CBA impact: There are no restrictions on how the Grizzlies go about their business prior to July 1. However, the $178.7 million first apron for next season is triggered if Memphis takes back more money in a trade or uses the $12.6 million trade exception. Memphis has $182 million in projected salary.

Dates to watch

Extension eligible: Kennard; Aldama and Williams (as of July 6); Smart (as of July 25); Jackson (as of Oct. 1)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Heat are staring down the second apron and will hope to land a quality cost-controlled rookie contributor at No. 15, with a more pronounced need in the backcourt. Guards such as Carlton Carrington and Jared McCain check the intangible boxes Miami traditionally values and could be available at that spot. The idea of taking a shot on Zach Edey, who also fits their mold, as a changeup big behind Adebayo is also an interesting scenario. -- Woo

Team needs

Future draft assets rating: 3 out of 10

Because of the Terry Rozier trade, Miami is limited in first-round picks to send. The Heat owe a 2025 top-14 protected first to Oklahoma City that is unprotected in 2026 if not conveyed.

Once the first is sent, the Heat will then send Charlotte either a top-14 protected first in 2027 or an unprotected first in 2028. The earliest they can trade a first is in 2029. They have three second-round picks available.

Cash: $7.0 million (to send) | $6.9 million (to receive)

Cap space breakdown: Starting July 1, Miami has $189.5 million in salary and is right at the second apron when taking into account its first-round pick, the four players (Martin, Love, Bryant and Richardson) with player options, and the Herro unlikely bonuses.

CBA impact: The Heat are a first-apron team through June 30 and are not allowed to take back more money or use a preexisting trade exception. They are allowed to send out cash and aggregate contracts, but that will trigger the second apron for next season. Miami is a second-apron team starting on July 1 if Martin opts in or signs a new contract. Miami would then not be allowed to aggregate contracts in a trade or send out cash.

Dates to watch

Extension eligible: Highsmith (through June 30); Martin, Adebayo and Duncan Robinson (as of July 6); Butler (as of July 7); Rozier (as of July 30)

Free agent status

Offseason priorities

The 2024 draft 

Draft notebook

These two draft picks are important for the Bucks as they try to enhance a contending roster while navigating the second apron. Milwaukee should be targeting prospects who solve for both fit and long-term upside, with a need for a backup big as well as depth at the guard spots. The Bucks might not opt to roster both picks and are still hoping to get more out of their recent draftees, who have primarily been wings. -- Woo

Team needs

Future draft assets rating: 1 out of 10

The trades to acquire Jrue Holiday in 2020 and Damian Lillard last season have depleted the Bucks' future first-round picks. The Bucks will send their 2025 first-round pick to New Orleans (if the pick's range is within Nos. 1-4) or New York (if within Nos. 5-30). The Pelicans also have the right to swap firsts in 2026 and have an unprotected 2027 first from Milwaukee. The Trail Blazers have the right to swap firsts in 2028 and 2030. Portland will also receive an unprotected first in 2029. The Bucks have one second-round pick available to trade (2031).

Cash: $7.0 million (to receive)

Cap space breakdown: For a fifth straight season, Milwaukee is projected to be a luxury tax team. The Bucks have $183 million in salary and are $12 million over the tax threshold. They are over the first apron and will exceed the second once their roster is filled out.

CBA impact: Milwaukee is a projected second-apron team. The Bucks are not allowed to aggregate contracts, acquire a player in a sign-and-trade, use the $5.1 million tax midlevel exception, take back more money and send out cash in a trade.

Dates to watch

Extension eligible: Portis (as of July 6); Pat Connaughton (as of July 18)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

Minnesota can address a range of needs with its two picks and could have some bench minutes up for grabs next season, creating an opportunity to find immediate value. The Timberwolves have drafted more for long-term upside of late but have yet to get a real return from those players. Investing in prospects closer to contributing might be more of a prerogative, now that the team has reached the Western Conference finals and is becoming more expensive. -- Woo

Team needs

Future draft assets rating: 2 out of 10

The Timberwolves are allowed to trade their 2024 and 2031 firsts, starting the night of the draft. From the Gobert trade, Minnesota owes Utah a 2025 and 2027 unprotected first. It will also send a 2029 top-five-protected first to Utah. The Jazz also have the right to swap firsts in 2026. The Timberwolves have three second-round picks available.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: The Timberwolves are projected to exceed $200 million in salary, the largest in franchise history, and are expected to pay the luxury tax for only the second time since 2007-08. The penalty is expected to exceed $75 million.

CBA impact: There are no restrictions on the Timberwolves prior to July 1. The $189.6 million second apron for next season, however, will get triggered if Minnesota takes back more money in a trade, aggregate contracts, uses its $4 million trade exception or sends out cash. The Wolves are a projected $6.6 million over the second apron. Minnesota also does not have access to the $5.1 million tax midlevel exception and cannot acquire a player in a sign-and-trade.

Dates to watch

Extension eligible: Morris and McLaughlin (through June 30); Gobert (as of July 6); Minott (as of July 22)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

New Orleans has assembled young depth on the perimeter but needs to address the center position long-term, whether through the draft or other means. The Pelicans also have the future assets to try to move up in the draft if they choose. Whether they choose to invest in a big at No. 21 or just swing for the best player available, there's an opportunity to upgrade their depth, shore up needs and find value. -- Woo

Team needs

Future draft assets rating: 9 out of 10

The Pelicans control their own firsts over the next seven years. They also have a 2025 unprotected Lakers first and 2027 unprotected Milwaukee first. The Pelicans also have a top-four first in 2025 from the Bucks and the right to swap with them in 2026. New Orleans has two seconds available.

Cash: $7.0 million (to send) | $6.9 million (to receive)

Cap space breakdown: The Pelicans are a luxury tax team next season if they bring back Valanciunas, a free agent. Including its first-round pick, New Orleans has $157.7 million in salary and is $13.6 million below the tax threshold. The Pelicans have a $5.2 million trade exception.

CBA impact: There are no apron restrictions for New Orleans prior to June 30.

Dates to watch

Extension eligible: Naji Marshall and Valanciunas (through June 30); Alvarado, Ingram and Murphy (as of July 6); Larry Nance Jr. (as of Oct. 1); CJ McCollum (as of Sept. 26)

Free agent status

Offseason transactions: Mikal Bridges (trade)

Offseason priorities

The 2024 draft

Draft notebook

Back-to-back picks in the first round create a range of trade options for the Knicks, but they can also keep one or both of Nos. 24 and 25 and upgrade their depth. Finding someone who can contribute in their current window -- with the right makeup to play for coach Tom Thibodeau -- would be ideal, with New York's roster growing more expensive. Because of their cap situation this offseason and the recent trade to acquire Bridges, New York could also look to move one of their firsts for one in the future -- Woo

Team needs

Future draft assets rating: 3 out of 10

New York went all in with the Bridges trade at the cost of its future first-round picks. The Knicks will send Brooklyn their 2025, 2027, 2029 and 2031 unprotected firsts. The Nets also have the right to swap firsts in 2028. The Knicks have a 2025 protected first from Detroit and Washington that is available to trade. The Pistons' first is top-13 protected in 2025, top-11 protected in 2026 and top-nine protected in 2027. The Wizards' first is top-10 protected in 2025 and top-eight protected in 2026. New York has seven seconds available.

Cash: $4.0 million (to send) | $5.7 million (to receive)

Cap space breakdown: The Knicks are now hard capped at the $178.7 million first apron.

CBA impact: There are no trade restrictions in New York prior to June 30. However, using one of its three trade exceptions ($6.8 million, $5.2 million, $3.9 million), sending out cash, taking back more money or aggregating contracts would trigger the second apron. The Knicks are also hard capped at the $178.7 million first apron if they use a preexisting trade exception and take back additional salary.

Dates to watch

Extension eligible: Anunoby; Sims (as of July 9); Brunson and Mitchell Robinson (as of July 12); Randle (as of Aug. 3)

Free agent status

Offseason transaction: Alex Caruso (traded from Chicago)

Offseason priorities

The 2024 draft

Draft notebook

OKC has already been active on the trade front, moving Josh Giddey to Chicago for Alex Caruso, who should help strengthen their defense and adds experience to the rotation. The Thunder have navigated into an enviable position of strength over the past several seasons: with roster depth and a cache of future assets, they have flexibility to get where they want in the draft. The Caruso deal may signal there's a readiness to start consolidating their prospects and picks to improve their young roster, which proved well ahead of schedule in winning 57 games last season. General manager Sam Presti typically drafts who he wants rather than harping too hard over positional fit, and the 12th pick is a chance for the Thunder to get even deeper. -- Woo

Team needs

Future draft assets rating: 10 out of 10

The Thunder have 13 future first-round picks and 20 second-rounders. The most valuable assets out of their first-round picks include a 2026 unprotected first from the Clippers and a 2026 top-four-protected first from Houston. OKC also has the right to swap firsts with the Clippers in 2025 and 2027.

Cash: $4.3 million (to send) | $5.9 million (to receive)

Cap space breakdown: Including the lottery pick from the Rockets, Oklahoma City has $109.5 million in salary and a projected $31.5 million in room.

CBA impact: The Thunder have to spend $17.5 million by the first day of the regular season.

Dates to watch

Extension eligible: Wiggins; Gordon Hayward (through June 30); Caruso (as of July 6); Jaylin Williams (as of July 19); Joe (as of Oct. 16)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

This first-round pick is an opportunity for the Magic to cultivate additional young depth around their improving core, which looks capable of consistently competing for a playoff spot. Orlando tends to value size and versatility on the perimeter and length on the interior, which might give some indication of the type of player they'll target at No. 18. The Magic might be nearing a window to chase established talent and get aggressive, but until then, adding prospects with a chance to succeed situationally is key. -- Woo

Team needs

Future draft assets rating: 8 out of 10

The Magic have their own first over the next seven years. They also have the right to swap firsts. From the Aaron Gordon trade in 2021, Denver will send a 2025 top-five-protected first. The first is top-five-protected in 2026 and 2027 if not conveyed in a prior season. Orlando has the right to swap its 2026 first for the less favorable of Phoenix and Washington. Orlando has 12 second-round picks available.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: Orlando could create up to $30 million in room and still retain Jonathan Isaac, Moritz Wagner and Joe Ingles. The three players have either a team option or a non-guaranteed contract.

CBA impact: Because of the minimum salary rule, Orlando has to spend 90% of the $141 million salary cap by the first day of the regular season.

Dates to watch

Extension eligible: Gary Harris and Markelle Fultz (through June 30); Franz Wagner, Suggs and Isaac (as of July 6); Houstan (as of July 10); Wendell Carter Jr. (as of Oct. 1)

Free agent status

Offseason priorities

The 2024 draft 

Draft notebook

Team president of basketball operations Daryl Morey has never cared much for making draft picks, so a trade is certainly possible here, but the Sixers have a chance to take an upside swing in the middle of the first round if they opt to stay at No. 16. Finding players who fit with Embiid and Maxey during this window is imperative. They could also look to move this pick for cap-space purposes if they opt to go that route. -- Woo

Team needs

Future draft assets rating: 6 out of 10

Trading Harden to the Clippers last season restored some of the draft equity Philadelphia had lost in prior trades. The 76ers can trade their 2024 first-round pick starting the night of the draft. They also have the least favorable 2026 first from Oklahoma City, Houston (if the pick's range is within Nos. 5 to 30) and the Clippers. The Sixers also are owed an unprotected first from the Clippers in 2028 and have the right to swap firsts with them in 2029 (if within Nos. 4 to 30).

In total, Philadelphia can trade up to five firsts starting in late June. The 76ers owe the Thunder a first-round pick from the Al Horford trade in 2020. The pick is top-six protected in 2025 and top-four protected in 2026. Two years after the draft obligation is met to the Thunder, Philadelphia will then send a top-eight-protected first to Brooklyn. The 76ers have five second-round picks available.

Cash: $3.9 million (to send) | $5.0 million (to receive)

Cap space breakdown: The 76ers are in the driver's seat with cap space this offseason, but creating financial flexibility does come at a significant cost. Philadelphia could create up to $65 million in space, but that would require the 76ers renounce all their free agents except Maxey, waive their non-guaranteed contracts and trade their first-round pick without taking back any salary. They have five trade exceptions that are no longer valid once they dip below the salary cap.

CBA impact: There are no trade restrictions. Philadelphia has to spend at least $127 million of the salary cap by the first day of the regular season. The Sixers currently have $67 million in salary for 2024-25.

Dates to watch

Extension eligible: Harris, Buddy Hield, De'Anthony Melton, KJ Martin and Robert Covington (through June 30); Embiid (as of July 18)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Suns are spending aggressively under new ownership after shifting into win-now mode last season with Durant and Bradley Beal on board. Phoenix doesn't have control of its own draft picks for some time but could use a true point guard to help support its stars -- something it could try to address at No. 22 with an experienced rookie. Regardless of position, proximity to contributing is a big factor as the Suns upgrade their supporting cast. It's also possible Phoenix opts to use this pick as a trade chip to upgrade the roster elsewhere. -- Woo

Team needs

Future draft assets rating: 1 out of 10

Phoenix has its own first this year, 2026, 2028 and 2030, but the low ranking is a result of its inability to control its own first until 2031. The Suns owe Brooklyn or Houston unprotected firsts in 2025, 2027 and 2029. The Nets also have the right to swap their own first or Philadelphia's (if the pick's range is within Nos. 9-30) with Phoenix in 2028. The Wizards have the right to swap firsts in 2026 (if within Nos. 1-8), 2028 (if within Nos. 1-8) and 2030.

Orlando or Memphis then has the right to swap its 2026 first with the less favorable of Phoenix's and Washington's. The Wizards also have the right to swap the least favorable of the Nets', Suns' and 76ers' first in 2028. Memphis also has the right to swap the less favorable of Phoenix's and Washington's in 2030. The Suns have two second-round picks available.

Cash: $7.0 million (to receive)

Cap space breakdown: The Suns enter the offseason with $209 million in salary, the biggest payroll of any NBA team. They have a projected tax penalty of $116 million.

CBA impact: Phoenix will remain a second-apron team. The Suns are not allowed to use any preexisting trade exception, send out cash, aggregate contracts or take back more money in a trade. They also are not allowed to acquire a player via a sign-and-trade.

Dates to watch

Extension eligible: O'Neale (through June 30); Durant (as of July 8); Jusuf Nurkic (as of July 6)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Trail Blazers likely won't roster all four of their draft picks, which means they'll look into trade opportunities to consolidate and find value. Portland's roster remains in an in-between stage, but Scoot Henderson is the presumptive centerpiece to rebuild around. Although they don't need more guards at the moment, their various needs should be less important than simply continuing to swing for upside. The No. 7 and No. 14 picks give the Blazers two quality looks at long-term value, and their two second-rounders will be movable if they choose not to use them. -- Woo

Team needs

Future draft assets rating: 7 out of 10

Portland is owed unprotected first-round picks in 2029 from both Boston and Milwaukee. The Blazers also have the right to swap firsts with the Bucks in 2028 and 2030. Portland still owes Chicago a first-round pick that has top-14 protection through 2028. The Blazers have five second-round picks available.

Cash: $7.0 million (to send) | $4.0 million (to receive)

Cap space breakdown: Including the two lottery picks, the Trail Blazers have $178.5 million in salary. If the roster stays intact, Portland will be a luxury tax team and in the first apron.

CBA impact: There are no trade restrictions on Portland up until June 30. However, the $178.6 million first apron will get triggered if the Trail Blazers use their $8.7 million trade exception or take back more money in a trade.

Dates to watch

Extension eligible: Brogdon and Simons (as of July 6); Walker (as of July 13); Ayton (as of July 18); Williams (July 30)

Free agent status

Offseason transaction: Malik Monk (free agent agrees to four-year deal with Kings)

Offseason priorities

The 2024 draft

Draft notebook

The Kings appear open to using the 13th pick as a trade chip, but they also have the flexibility to select a prospect they like, with a need for depth on the wing and in the frontcourt. While Sacramento appears ready to upgrade the current roster around Fox and Domantas Sabonis, the core remains young enough that there's some margin for patience and internal improvement if the right deal doesn't arise. The Kings can approach the draft accordingly, with flexibility to add at different positions depending who is left on the board. -- Woo

Team needs

Future draft assets rating: 6 out of 10

The Kings owe Atlanta a first-round pick that is top-12 protected in 2025 and top-10 protected in 2026. As a result, the first allowable first-round pick is two years after the pick to Atlanta is conveyed. Including the 2024 pick, Sacramento is allowed to trade four first-round picks. The Kings are also allowed to swap firsts in five seasons (2027 to 2031). The Kings have five second-round picks available.

Cash: $7.0 million (to send) | $3.3 million (to receive)

Cap space breakdown:  The Kings have $172 million in salary (including the first-round pick) entering the offseason and right over the $171 million tax threshold. The last time Sacramento paid the luxury tax was 2003-04.

CBA impact: There are no trade restrictions for Sacramento. However, the Kings will need to keep an eye on the $178.6 million first apron. The new contract with Monk and the unlikely bonuses of Sabonis and Trey Lyles, has Sacramento $3.9 million below the first apron. Sacramento has the $5.2 million tax midlevel exception available but will exceed the first apron if used.

Dates to watch

Extension eligible: Fox, Davion Mitchell and Chris Duarte (as of July 6); Huerter (as of Oct. 1)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

San Antonio appears ready to up the ante and get Wembanyama to the playoffs, making this a key opportunity to take swings high in the draft before the team presumably improves. The Spurs need to upgrade in the backcourt, with Stephon Castle looking like a top option, but they have needs everywhere and should be aiming to find the right pair of prospects to work in tandem. Expect them to also look into trade opportunities, whether there's a chance to move back and still grab a prospect they like, or they deem it worth considering assets to move up instead. -- Woo

Team needs

Future draft assets rating: 10 out of 10

The Spurs rank behind only Oklahoma City and Utah in most first-round picks over the next seven years. San Antonio is owed unprotected first-round picks from Atlanta in 2025 and 2027. The Spurs can also swap with the Hawks in 2026. San Antonio is also owed a first-round pick from Charlotte (top-14 protected in 2025, or else two second-round picks) and Chicago (top-eight protected in 2026 and 2027). San Antonio also has the right to swap firsts with Boston in 2028 (top-one protected) and Dallas in 2030 (unprotected). The Spurs have 18 second-round picks available.

Cash: $7.0 million (to send)

Cap space breakdown: The Spurs could have $20 million in room but would need to waive the contracts of Devonte' Graham and Charles Bassey. Graham has a $12.7 million salary that is guaranteed for $2.8 million. The Bassey $2.5 million salary is non-guaranteed.

CBA impact: There are no trade restrictions for the Spurs. By the first day of the regular season, San Antonio must spend $127 million in salary.

Dates to watch

Extension eligible: Cedi Osman (through June 30); Graham (as of July 6)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Raptors own two interesting picks in the middle of the draft at Nos. 19 and 31. The type of players they target might signal what their urgency level is to get back to the playoffs, after transitioning to a much younger roster built around Barnes. As constituted, they're still a long way from returning. It might make sense to focus on developmental upside with at least one of their picks, considering there are plenty of young players who need minutes already on board. -- Woo

Team needs

Future draft assets rating: 7 out of 10

The Raptors have their own first in the next seven years and a 2026 top-four-protected first from Indiana. The first is top-four protected in 2027 if not conveyed. Toronto has six second-round picks available.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: The Raptors are in position to have cap space for the first time since 2015 if they decline the $23 million Brown option and renounce all their free agents except Quickley. If the option is declined, Toronto could create up to $28 million in room. The Raptors have a $10.1 million trade exception available.

CBA impact: There are no trade restrictions for Toronto.

Dates to watch

Extension eligible: Gary Trent Jr. (through June 30); Chris Boucher (as of July 7)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

With three picks, including an early second-rounder, the Jazz are on a longer rebuilding path and should be open to taking on project-type players, particularly later. They have a need for a bigger playmaker, which should put prospects such as Nikola Topic on their radar at No. 10, but Utah should be focused on accumulating talent at this point. The Jazz have plenty of young prospects on the roster who need playing time next season and don't necessarily have to get immediate minutes from whomever they draft, which could make a draft-and-stash pick palatable with their later picks.  -- Woo

Team needs

Future draft assets rating: 10 out of 10

Utah will have unprotected firsts from both Cleveland and Minnesota in 2025 and in 2027. The Jazz are also owed a 2029 unprotected first from Cleveland and a top-five-protected 2029 first from Minnesota. Utah also has the right to swap firsts with Minnesota or Cleveland (top-eight protected) in 2028. Utah is also owed a top-five-protected first from the Lakers in 2027. Utah will send their own 2025 first to Oklahoma City if it falls outside of the top 10. They have three second-round picks available.

Cash: $7.0 million (to send) | $6.1 million (to receive)

Cap space breakdown: The Jazz are one of five teams that could have cap space exceeding $30 million. Including Markkanen's partially guaranteed contract salary and both first-round picks, Utah has $34 million in room. The financial flexibility does not include the non-guaranteed salaries of Omer Yurtseven, Kenneth Lofton Jr. and Darius Bazley. The Jazz have $6.5 million and $3 million trade exceptions that are no longer available if they are below the salary cap.

CBA impact: There are no trade restrictions. Utah has until the first day of the regular season to spend $127 million of the salary cap.

Dates to watch

Extension eligible: Talen Horton-Tucker (through June 30); Markkanen and John Collins (as of July 6); Collin Sexton (as of Sept. 3)

Free agent status

Offseason priorities

The 2024 draft

Draft notebook

The Wizards' front office has roots in Oklahoma City and figures to be on a similarly patient curve in rebuilding the roster, without pressure to win for at least a couple of seasons. Washington should simply take the best prospect on the board at No. 2 -- whether that's Alex Sarr, Zaccharie Risacher, Donovan Clingan or someone else -- or look to move back and pick up future assets if that opportunity is there. The Wizards' other selections should give them chances to be creative in adding long-term prospects to develop for the future. -- Woo

Team needs

Future draft assets rating: 6 out of 10

The Wizards have built up their draft assets since June but still owe New York a top-10-protected first in 2025. Their pick is top-eight protected in 2026. The earliest they can trade their own first is in 2028. Washington has the right to swap firsts with Phoenix in 2026, 2028 and 2030. Golden State will send its first in 2030, but only if it falls outside of the top 20.

Cash: $7.0 million (to send) | $7.0 million (to receive)

Cap space breakdown: The Wizards have $115 million in guaranteed salary, $17.6 million of non-guaranteed contracts and an additional $14 million of first-round draft holds. Washington is projected to be over the salary cap. The Wizards have a $12.4 million, a $9.8 million, a $5.4 million and a $3.5 million trade exception.

CBA impact: There are no trade restrictions for Washington.

Dates to watch

Extension eligible: Holmes; Marvin Bagley III, Shamet and Kispert (as of July 6)

Free agent status

Bird rights

A team can exceed the cap to sign a free agent who has played three consecutive seasons with his current team. Bird rights transfer to a new team in a trade.

Early Bird rights

Teams can exceed the cap to sign a player who has spent two consecutive seasons with a team (without being waived, carries over in a trade), but they are restricted to 175% of his previous salary or 105% of the average player salary. A team can exceed either limit with available cap space. A contract signed using the early Bird exception must be for a minimum of two years, not including options. It cannot exceed four years.

Non-Bird rights

A free agent who has played one season with a team can sign for 120% of his previous contract or 120% of the minimum salary exception. Teams can exceed either limit but only with cap space or an exception.

Restricted free agent

A free agent either coming off his first-round rookie contract or who has signed a three-year contract and has three or fewer years of service can be given a qualifying offer, making him a restricted free agent. In that case, his current team would have the right to match any offer. If the player is coming off a one-year or two-year deal, the maximum salary in the first year on an offer sheet from another team cannot exceed the full midlevel.

Note: A first-round pick who had his third-year or fourth-year option in his rookie-scale contract declined cannot be extended a qualifying offer and becomes an unrestricted free agent. His current team is limited to offering a contract with a first-year salary worth up to the value of the declined option.