The trade deadline passed and we now have a clearer picture of how teams will operate in the 2023 offseason. Last July after the free agency dust settled, we got a rough idea of which teams were projected to have significant cap space. For the most part, the teams remain the same, but the quality of free agents has decreased with many high-profile players signing veteran extensions since. It’s possible the lack of talent could push more teams to roll over their cap space into the season like the Pacers and Spurs did this year. It’s also possible we get more extensions before June 30, which could push more of these teams to operate as over-the-cap teams instead.
Here are the teams that project to have cap space, operate over the cap, and which of the latter are projected to be in the luxury tax.