On Monday, the NBA announced that the salary cap has been set at $154.647 million for the 2025-26 season, while the tax level is $187.895 million. The first apron level is set at $195.945 million, and the second apron level is $207.824. The salary cap and tax level go into effect at 12:01 a.m. ET on Tuesday.

NBA offseason is here, and Bleacher Report is ready to guide you through all the chaos with instant reactions to free-agency signings, trades, releases and more.

The arrival of the 2025 free agency period in the NBA brought with it a flurry of new contracts, trades, and transactions as teams seek to add missing pieces in pursuit of a Larry O'Brien Trophy.

NBA free agency 2025 is officially here on Monday, June 30. Well, unofficially official, we guess. It's that time in which teams can negotiate with free agents -- the "negotiating window" -- but they can't technically sign a contract.

The NBA offseason is kicking into high gear. 2025 NBA free agency opens up at 6 p.m. on Monday, when big names like Myles Turner, Josh Giddey, and Deandre Ayton could be heading to new teams. There will be plenty of trade rumors and deals throughout this time as well.