Malik Monk, New York Knicks. Mandatory Credit: Nell Redmond-USA TODAY Sports
The New York Knicks were busy on the first day of free agency and have already spent most of their cap space. The team had a league-leading $52.6 million in cap space to spend going into free agency.
Teams with the most cap space this offseason – via @spotrac:
1. Knicks – $52.6 million
2. Spurs – $48 million
3. Mavericks – $33.5 million
4. Thunder – $30 million
5. Grizzlies – $24.4 million
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