NBA Teams' Updated Salary Cap After Day 2 of 2024 Free Agency

After a flurry of moves the first two days of free agency, things began quieting down on Tuesday.

Only a handful of deals were agreed upon as the churn slowed to a crawl, with the biggest news of the day actually being Donovan Mitchell's three-year, $150.3 million contract extension with the Cleveland Cavaliers.

Here is a look at the latest deals signed over the last 24 hours, along with an updated outlook for each team's cap situation.

Tuesday, July 2 NBA Contract Signings

• Guard Donovan Mitchell agreed to a three-year, $150.3 million contract extension with the Cleveland Cavaliers. 
• Center James Wiseman agreed to a two-year contract with the Indiana Pacers.
• Center Mo Wagner agreed to a two-year, $22 million contract with the Orlando Magic.
• Forward Xavier Tillman agreed to a two-year contract with the Boston Celtics.
• Forward Jonathan Isaac agreed to a restructured five-year, $84 million contract with the Orlando Magic.
• Forward Kyle Anderson agreed to a three-year, $27 million contract with the Golden State Warriors.

Wednesday, July 3 NBA Contract Signings

• Forward LeBron James agreed to a two-year, $104 million contract with the Los Angeles Lakers.

NBA Cap Space Remaining

1. Detroit Pistons ($33.6 million)
2. Utah Jazz ($31.4 million)
3. San Antonio Spurs ($16.2 million)
4. Charlotte Hornets ($13.1 million)
5. Orlando Magic ($8.6 million)
6. Oklahoma City Thunder (-$6.9 million)
7. Memphis Grizzlies (-$22.9 million)
8. Philadelphia 76ers (-$23.6 million)
9. Sacramento Kings (-$28.7 million)
10. Brooklyn Nets (-$32.8 million)
11. Houston Rockets (-$33.1 million)
12. Portland Trail Blazers (-$33.6 million)
13. Atlanta Hawks (-$36.7 million)
14. New Orleans Pelicans (-$39.4 million)
15. Los Angeles Clippers (-$40 million)
16. Denver Nuggets (-$44.2 million)
17. Cleveland Cavaliers (-$45.3 million)
18. Miami Heat (-$49.5 million)
19. Golden State Warriors (-$49.7 million)
20. Toronto Raptors (-51.5 million)
21. Indiana Pacers (-$54.3 million)
22. Chicago Bulls (-$60.6 million)
23. Boston Celtics (-$61.4 million)
24. Dallas Mavericks (-$62.8 million)
25. Milwaukee Bucks (-$62.9 million)
26. Washington Wizards (-$64.1 million)
27. New York Knicks (-$75.4 million)
28. Los Angeles Lakers (-$79.7 million)
29. Phoenix Suns (-$81.9 million)
30. Minnesota Timberwolves (-$123.4 million)

(Note: These numbers are via Spotrac and are based on their "projected practical cap space" model. The actual cap space availability per team will vary and will not be finalized until the start of the league year on July 6. Teams listed in bold are over the salary cap.)

While there will undoubtedly be several more moves in the coming days, it's starting to feel as if the NBA got most of its business done ahead of the Independence Day holiday so most team execs and agents can spend time with their families.

It's unlikely we'll see any major breaking news on Thursday, but teams looking to finalize their situations could ramp up the aggression on Friday to get their ducks in a row before the league year starts.

The Los Angeles Lakers, Golden State Warriors and Philadelphia 76ers are among the teams that could be aggressive in the coming days trying to improve their roster. Jazz forward Lauri Markkanen is the top prize remaining on the trade market, but Utah has reportedly set an exorbitant price for its 27-year-old All-Star.