NBA Teams' Updated Salary Cap After Day 1 of Contracts, Trades in 2025 Free Agency

Erik BeastonJul 1, 2025

The arrival of the 2025 free agency period in the NBA brought with it a flurry of new contracts, trades, and transactions as teams seek to add missing pieces in pursuit of a Larry O'Brien Trophy.

One team, the Houston Rockets, built on the momentum they gained from trading for Kevin Durant and made the biggest splash of free agency, strengthening a roster that will suddenly have them in the conversation for a conference title, at the least.

What moves did they make, and what is the current cap situation for all 30 NBA teams after a busy first day? Let's take a look.

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Updated Salary Cap

Utah Jazz ($-12,554,958)
Portland Trailblazers ($-30,278,446)
Dallas Mavericks ($-31,803,278)
Charlotte Hornets ($-32,161,109)
Brooklyn Nets ($-32,508,172)
San Antonio Spurs ($-34,452,310)
Oklahoma City Thunder ($-35,381,343)
Chicago Bulls ($-36,673,405)
Detroit Pistons ($-38,169,729)
Memphis Grizzlies ($-43,866,729)
Minnesota Timberwolves ($-49,745,729)
Houston Rockets ($-50,626,667)
Sacramento Kings ($-52,083,426)
Miami Heat ($-52,308,659)
Orlando Magic ($-54,400,089)
Philadelphia 76ers ($-55,378,831)
Los Angeles Clippers ($-55,503,872)
Toronto Raptors ($-62,024,144)
Milwaukee Bucks ($-62,051,688)
Denver Nuggets ($-65,632,778)
Los Angeles Lakers ($-67,278,061)
Indiana Pacers ($-68,505,879)
New York Knicks ($-75,979,611)
New Orleans Pelicans ($-86,482,924)
Cleveland Cavaliers ($-86,635,501)
Phoenix Suns ($-90,521,799)
Washington Wizards ($-93,259,577)
Atlanta Hawks ($-95,775,065)
Boston Celtics ($-107,253,828)
Golden State Warriors ($-111,083,167)

According to Spotrac

Rockets' Big Offseason Continues

An off-season that began with the Rockets making a huge trade with the Phoenix Suns for future Hall of Famer Kevin Durant continued with Houston continuing to add pieces in pursuit of the franchise's first NBA title since 1995.

It started Sunday when the Rockets extended Jabari Smith Jr. for $122 million over five years. From there, it continued with the addition of Dorian Finney-Smith for four years and $53 million.

Late Monday, the team brought center Clint Capella back on a fully guaranteed, three-year, $21.5 million deal.

The Rockets were the No. 2 seed in the Western Conference this past season, finishing 52-30. A first-round loss to Golden State was a far earlier exit than expected, though, and forced the front office to make the moves it believed necessary to make a legitimate run at a championship.

Adding Durant and Finney-Smith to a young core that includes Alperen Sengun and the extended Smith, and bringing back Capella while potentially retaining Cam Whitmore, is about as successful a free agency period as one can hope for.

That they only added roughly $2 million to their already negative cap space, increasing from $48.5 million to $50.6 million, has to be considered a victory for the front office, which, if all goes according to plan, should have them rivaling defending champion Oklahoma City in the Western Conference next season.