As a followup to previous looks at cap space of the summer of 2016, here and here, this is an updated look now that things have more or less settled in.

The cap is scheduled to make the first of two large jumps this offseason. The cap is currently set at $70 million for 15-16 and will increase to $92 million for 16-17 and then to $108 million for 17-18.

As the cap increases, it resets all contract values relative to the portion of the cap they now encompass.

Stephen Curry, who is currently being paid just over $11 million and is an incredible value, becomes an absurd value next year at just over $12 million. Salaries of at least an average value of $10 million dollars will become commonplace and that amount may even approach the average salary.

A few items have crystallized since the last time we looked at cap space:

  • The NBA Draft Lottery took place and all teams are now settled into their slots
  • All-NBA and All-Defense awards were announced, impacting the cap situation for a few players and teams:
    • Damian Lillard did make the All-NBA team does qualify for the Rose Rule. However, Lillard and the Trail Blazers agreed to split the difference and he is signing for 27.5% instead of 30%.
    • Anthony Davis did not make the All-NBA team and does not qualify for the 5th Year 30% Max Critera, commonly known as the Rose Rule.
    • Andrew Bogut did not make the All-Defense team and thus his salary was reduced by approximately $1.6 million for next season.

The tables below represent each team’s starting cap space, maximum available cap space, and projected cap space to start the offseason. There are a couple of qualifiers:

  • Starting cap space assumes that all options will be declined, but that all cap holds are retained, all partial/non-guaranteed players are kept and all qualifying offers are issued.
  • Maximum cap space assumes that there are no cap holds for FAs or Draft Picks, and all partial/non-guaranteed players are waived.
  • Projected cap space is the projection of what players teams will retain cap holds for, renounce, waive, and not waive. 

Team

Starting
 Cap Space

Maximum
 Cap Space

Projected
 Cap Space

Guaranteed Contracts

Partial/Non-Guaranteed Contracts

Potential
 Free Agents

Atlanta

 $  (2,445,814)

 $ 38,124,459

 $ 12,024,877

8

2

5

Boston

 $ 14,532,085

 $ 56,397,958

 $ 14,532,085

9

3

3

Brooklyn

 $ 23,150,739

 $ 42,055,930

 $ 34,896,013

6

1

8

Charlotte

 $(23,743,182)

 $ 42,830,474

 $(20,566,624)

6

1

8

Chicago

 $(11,053,540)

 $ 26,097,124

 $(11,053,540)

9

2

4

Cleveland

 $(35,100,819)

 $ 13,601,688

 $(33,349,160)

6

2

7

Dallas

 $  (1,193,836)

 $ 59,230,396

 $ 25,102,230

5

2

8

Denver

 $ 16,926,596

 $ 34,776,000

 $ 18,887,458

9

3

3

Detroit

 $  (2,101,109)

 $ 24,748,702

 $ 12,067,192

8

4

3

Golden State

 $(16,030,972)

 $ 17,408,237

 $(12,650,541)

6

1

8

Houston

 $  (7,034,814)

 $ 44,227,808

 $  (7,034,814)

8

2

5

Indiana

 $ 15,750,713

 $ 33,139,581

 $ 20,550,713

9

2

4

LA Clippers

 $(26,651,021)

 $ 11,035,849

 $(20,328,577)

6

1

8

LA Lakers

 $  (1,777,253)

 $ 65,613,020

 $ 51,872,502

6

0

9

Memphis

 $  (9,126,196)

 $ 41,032,020

 $  (6,831,196)

6

3

7

Miami

 $(11,743,015)

 $ 39,424,898

 $ 37,907,307

4

2

9

Milwaukee

 $  (5,732,206)

 $ 28,248,938

 $ 21,048,225

8

2

5

Minnesota

 $ 19,743,046

 $ 29,962,303

 $ 27,278,674

11

1

2

New Orleans

 $(26,346,500)

 $ 24,781,447

 $   7,239,032

7

3

8

New York

 $   8,185,793

 $ 33,372,607

 $ 30,046,625

6

1

8

OKC

 $(23,255,738)

 $ 25,006,757

 $(22,275,307)

10

1

4

Orlando

 $  (2,413,740)

 $ 53,354,805

 $ 27,392,205

7

2

5

Philadelphia

 $ 43,386,832

 $ 61,220,813

 $ 46,351,567

6

4

5

Phoenix

 $ 15,791,584

 $ 36,713,388

 $ 21,547,684

7

3

4

Portland

 $  (6,714,586)

 $ 40,040,003

 $ 14,358,236

7

2

6

Sacramento

 $   9,814,042

 $ 28,519,110

 $ 11,486,742

8

1

6

San Antonio

 $  (7,047,769)

 $ 18,309,765

 $     (310,549)

6

2

7

Toronto

 $  (9,224,030)

 $ 21,003,159

 $  (9,224,030)

10

0

5

Utah

 $ 22,799,849

 $ 34,895,769

 $ 22,799,849

11

3

1

Washington

 $(11,954,731)

 $ 43,103,848

 $ 29,410,634

5

2

8

Sorted by Starting Cap Space (most to least):

Team

Starting
 Cap Space

Philadelphia

 $ 43,386,832

Brooklyn

 $ 23,150,739

Utah

 $ 22,799,849

Minnesota

 $ 19,743,046

Denver

 $ 16,926,596

Phoenix

 $ 15,791,584

Indiana

 $ 15,750,713

Boston

 $ 14,532,085

Sacramento

 $   9,814,042

New York

 $   8,185,793

Dallas

 $  (1,193,836)

LA Lakers

 $  (1,777,253)

Detroit

 $  (2,101,109)

Orlando

 $  (2,413,740)

Atlanta

 $  (2,445,814)

Milwaukee

 $  (5,732,206)

Portland

 $  (6,714,586)

Houston

 $  (7,034,814)

San Antonio

 $  (7,047,769)

Memphis

 $  (9,126,196)

Toronto

 $  (9,224,030)

Chicago

 $(11,053,540)

Miami

 $(11,743,015)

Washington

 $(11,954,731)

Golden State

 $(16,030,972)

Oklahoma City

 $(23,255,738)

Charlotte

 $(23,743,182)

New Orleans

 $(26,346,500)

LA Clippers

 $(26,651,021)

Cleveland

 $(35,100,819)

Sorted by Maximum Cap Space (most to least):

Team

Maximum
 Cap Space

LA Lakers

 $65,613,020

Philadelphia

 $61,220,813

Dallas

 $59,230,396

Boston

 $56,397,958

Orlando

 $53,354,805

Houston

 $44,227,808

Washington

 $43,103,848

Charlotte

 $42,830,474

Brooklyn

 $42,055,930

Memphis

 $41,032,020

Portland

 $40,040,003

Miami

 $39,424,898

Atlanta

 $38,124,459

Phoenix

 $36,713,388

Utah

 $34,895,769

Denver

 $34,776,000

New York

 $33,372,607

Indiana

 $33,139,581

Minnesota

 $29,962,303

Sacramento

 $28,519,110

Milwaukee

 $28,248,938

Chicago

 $26,097,124

Oklahoma City

 $25,006,757

New Orleans

 $24,781,447

Detroit

 $24,748,702

Toronto

 $21,003,159

San Antonio

 $18,309,765

Golden State

 $17,408,237

Cleveland

 $13,601,688

LA Clippers

 $11,035,849

Sorted by Projected Cap Space (most to least):

Team

Projected
 Cap Space

LA Lakers

 $ 51,872,502

Philadelphia

 $ 46,351,567

Miami

 $ 37,907,307

Brooklyn

 $ 34,896,013

New York

 $ 30,046,625

Washington

 $ 29,410,634

Orlando

 $ 27,392,205

Minnesota

 $ 27,278,674

Dallas

 $ 25,102,230

Utah

 $ 22,799,849

Phoenix

 $ 21,547,684

Milwaukee

 $ 21,048,225

Indiana

 $ 20,550,713

Denver

 $ 18,887,458

Boston

 $ 14,532,085

Portland

 $ 14,358,236

Detroit

 $ 12,067,192

Atlanta

 $ 12,024,877

Sacramento

 $ 11,486,742

New Orleans

 $   7,239,032

San Antonio

 $     (310,549)

Memphis

 $  (6,831,196)

Houston

 $  (7,034,814)

Toronto

 $  (9,224,030)

Chicago

 $(11,053,540)

Golden State

 $(12,650,541)

LA Clippers

 $(20,328,577)

Charlotte

 $(20,566,624)

Oklahoma City

 $(22,275,307)

Cleveland

 $(33,349,160)

As with the previous examinations at cap space this summer, several teams will start assured of having cap space. They’ll be joined by several more as roster decisions are made leading up to the summer. With so much available cap space, the free agent and trade markets will be more active than usual. With Boston, Denver and Philadelphia each holding multiple picks, things could pick up as soon as the NBA Draft. And, once again, start resetting your expectations now as to what constitutes a “good” contract as everything is about to change.