Cap Observations: Bucks/Apron, Hornets’ Trade Chips, Nets’ Cap Room

It hasn't exactly been a quiet start to 2025 on the NBA rumor mill, as Jimmy Butler's trade request has led to plenty of speculation about where the Heat star could land and how a potential deal could impact the rest of the market. But it may still be a couple more weeks before the in-season trade market truly heats up ahead of the February 6 deadline.

In the meantime, we're taking a closer look at a handful of cap-related topics that have been on our minds, including a scenario in which the Bucks aren't subject to second-apron restrictions, an under-the-radar team to watch as a deadline seller, and why cap room projections for the Nets are a little all over the place.

Let's dive in...

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