Cap Observations: Mutual Options, DFS, Incentives, Nuggets, BAE

After NBA teams spent the week officially finalizing many of the trades and free agent signings they'd agreed to during the July moratorium (or earlier), we're starting to get a clearer sense of trends emerging among the contracts signed in 2025/26, as well as a better idea of how teams are managing their cap exceptions and apron-related restrictions.

With that in mind, we're taking a closer look today at some of those contract trends, as well as a unique trade kicker, a cap-related decision facing the Nuggets, and a new use of the bi-annual exception.

Let's dive in...

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