With the 2023 NBA Finals and 2023 NBA draft behind us, the league's attention now turns fully to the offseason, and free agency, which began Friday at 6 p.m. ET.
The NBA's annual player movement moratorium -- during which most contracts can't be signed and trades can't be made official -- will begin July 1. Everything that gets reported during the moratorium can become official after the league sets the final salary cap and luxury tax numbers for the 2023-24 season.
While only a few teams enter this offseason with significant cap space to work with, all 30 teams have things they need to address this summer -- and some of those priorities have already shifted in the few days the offseason action has been underway (just ask the Wizards). We have a complete team-by-team guide to free agency, including what to watch, available exceptions, key dates, current roster status and every team's free-agent list.
The John Collins salary cap clearing trade now opens up flexibility to pursue extensions for Murray, Bey and Okongwu.
Murray is eligible to sign a four-year, $114 million extension with a starting salary of $25.5 million in 2024-25. That salary is $17 million less than the maximum salary in the first year.
Okongwu ranked fifth in total second-chance points and in the top 10 in offensive rebounding percentage after Feb. 5. A new contract for Okongwu would start in 2024-25, the last year Clint Capela is under contract.
After being acquired at the trade deadline, Bey started six games, averaging 14.7 points, 50.7% from the field and 40.5% on 3s. He has a 56.3% effective field goal percentage under Snyder, up from 49.5% with the Pistons and Hawks before Snyder's arrival. Both players are eligible to sign a five-year extension until Oct. 23.
Available exceptions: $12.4 million non-tax, $4.5 million biannual, veteran minimum and trade ($25.3 million and $2.6 million)
Below the $165M luxury tax: $9.3 million
Below the $172M first apron: $13.1 million
Below the $182.5M second apron: $23.5 million
July 21: The contract of Tyrese Martin ($1.7M) becomes guaranteed
Oct. 23: The last day to extend the contracts of Okongwu, Bey and Capela
Players under contract: 15
Two-way players: 0
Extension-eligible: Murray, Capela (as of Aug. 13), Vit Krejci (as of Aug. 15), Bey (rookie) and Okongwu (rookie)
Free agent status: