How NBA teams spent their cap space in the 2023 offseason

The majority of the 2023 free agency dust has settled. There are still a couple of loose ends like the restricted free agencies of PJ Washington and Ayo Dosunmu, and of course, the potential of blockbuster Damian Lillard and James Harden trades. But for the most part, most teams have their roster situations figured out ahead of the 2023-24 season.

This offseason featured eight teams operating with significant cap space, the most we’ve had since 2019. However, unlike that summer, this year had a much weaker crop of free agents. The overall lack of talent led these teams to use most of their cap space in ways other than free agent signings.

Here is how much cap space these teams started out with and how it was utilized.