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New York Knicks And New Jersey Nets Lead NBA In Cap Space

It’s been a rough couple of years for fans of the New York Knicks and New Jersey Nets but there’s cause for optimism on the eve of the biggest free agency period in years. According to Chad Ford of ESPN.com, the two teams stand at the very top of the NBA when it comes to available cap space to spend on free agents.

New York Knicks: $34.17 million
New Jersey Nets: $29.99 million
Chicago Bulls: $29.17 million
Miami Heat: $27.13 million
Los Angeles Clippers: $16.83 million
Sacramento Kings: $15.35 million
Minnesota Timberwolves: $13.44 million
Washington Wizards: $7.18 million
Oklahoma City Thunder: $6.13 million

While cap space is no guarantee that the teams will land a major free agent, it does allow maximum flexibility to pursue the many high-profile targets that will be available this summer, including LeBron James, Dwyane Wade, Chris Bosh and Joe Johnson.

Incidentally, the Nets were able to reach second place on this list thanks to their trade of Yi Jianlian earlier Tuesday.