NBA Free Agency 2017: Cap Space Updates (through 10PM Pacific July 9)
Instead of going through every signing from the weekend, I went through a published the cap sheets for all thirty teams through July 9 on Twitter, giving people a good look at how rosters are coming together and what the future looks like for each team. All of them can be found in this thread:
Alan Williams re-signed with Phoenix as I was writing this, so go to my timeline if you’re interested in an updated version of the Suns’ books. I’m not going to republish all of them here (go through the thread if you want to find your team), but do want to point out a couple of interesting ones:
Atlanta: we have no idea how much cap space they actually have. Reporting came out that they are going to stretch Jamal Crawford’s buyout over the next five years (since he had two years left on his contract before the buyout), but there has been absolutely no reporting as to what that number is. Whatever it is, Atlanta will get a little bit of cap savings if it’s below the ~$17M he was slated to make over the next two seasons, but for now, I’m conservatively assuming he was bought out for his entire contract, essentially just using the Stretch Provision without buying him out at all.

They still have $30.4M in space even if they fully stretch Crawford and this is the lower bound of possible numbers. They should have significant space to make a play for Kentavious Caldwell-Pope or Nerlens Noel and still have room leftover to plug holes on the roster.
Bazemore and Plumlee stand out as two particularly bad contracts, but there’s at least a chance that Bazemore can bounce back and earn his money over the next few years. Plumlee is so far gone that his salary might as well be in the dead money calculation. This team is going to be bad next season, but at least they’ll grab at least two first-rounders, with another one dependent on whether the Timberwolves make the playoffs or not.
Dallas: They made a very interesting decision with Dirk Nowitzki to stay over the cap, retaining their mid-level and bi-annual exceptions, in order to maintain his Bird rights into next year. I had figured they would renounce him and still re-sign him, but that would have reset his Bird rights. This way, they can pay him very little this year and opt-out next year to pay him a massive salary, if they so choose.

They still have the Room Exception listed there, but they’ll almost certainly hold on to Noel’s cap hold and the holds for the MLE and BAE to remain over the cap. It’s technically a possibility, but nobody expects them to go back under the cap now.
Memphis: They used their BAE on Tyreke Evans, which means they’re hard-capped for the coming season. They’re about $16.7 million from the tax line (and therefore $22.7 million from the apron) with both Tony Allen and JaMychal Green still out there, so they should be okay, but it could get close depending on what those guys want.

Allen has said publicly that he’s willing to take less to come back, but the fact that a deal isn’t done with him makes me think that’s less and less likely with each passing day. Perhaps they’re waiting on a resolution with Green before taking care of Allen and they’ll pay him up to the tax or even slightly above it to retain him, but I wonder if he walks if this drags on longer or if they really have to lowball him to stay under the tax.
Orlando: I currently have them over the cap and using their mid-level exception to pay Shelvin Mack, but they could just as easily operate under the cap and sign Mack using cap space. Until they make another move or two, we won’t know what they’ve decided to do. First, the sheet assuming Mack is signed using the MLE:

Second, their cap assuming Mack was signed with cap space and they’ve let go of cap holds for Vazquez, Rudez, and the TPE generated in the Serge Ibaka trade:

In the over-the-cap scenario, they would only have the remainder of their MLE and the full BAE to sign players, but would retain those cap holds and their TPE. In the under-the-cap scenario, they’d have about $4.5 million in space, plus another $4.3 million on their Room Exception, but would lose those rights. Additionally, they could meet these two in the middle and keep the rights to the Ibaka TPE or Vazquez’s draft rights. We’ll see in the next few days which direction they’ve chosen.
San Antonio: They’re hard-capped after using the full mid-level exception on Rudy Gay, which means they cannot exceed $125,266,000 in salary at any time, for any reason.

They’re currently $23.5 million under the tax and $29.5 million under the apron that they cannot cross, with three key free agents still out there: Manu Ginobili, Pau Gasol, and Jonathon Simmons. The three of them cannot get more than $29.5 million in salary and it will be very interesting to see how these guys get split up.