The 2012 NBA Free Agency period is underway, and several franchises wasted no time in drastically changing their fortunes.
Teams like Brooklyn, Atlanta, Los Angeles and Houston (amongst others) have all been active for better or for worse. Max contracts offers have been tendered, blockbuster trades executed, and picks for far-off drafts swapped several times over.
While the picture is far from complete—restricted free agents can’t sign offer sheets until July 11, after all—there’s no doubt that off-season dealings are a race for the swift.
Here are the teams that have already cemented themselves as winners or losers in just the first week of free agency.