The 2024 NBA offseason has gotten off to an intriguing start. We've seen a couple of notable trades already—headlined by the New York Knicks' acquisition of Mikal Bridges—and a few interesting developments during the draft.

The Los Angeles Lakers, as many expected, did draft LeBron James' son, Bronny James.

The drama will ramp up even more when free agency officially opens on Sunday at 6 p.m. ET. More trades are likely on the horizon, and a few standout players are set to hit the open market.

This will be the first offseason that includes the new second-apron restrictions for teams over the luxury-tax threshold. Teams over that second line won't be able to aggregate contracts to trade for a single player, send out cash in trades, use trade exceptions from previous years, or take back more salary than they send in a trade.

Teams like the Philadelphia 76ers—who lead the league with $58.4 million in projected practical cap space—won't be concerned with the second apron, though. Several more teams have the financial flexibility to make a splash in the coming days.

Here's a look at where every team stands on the verge of free agency:

1. Philadelphia 76ers: $58.4 million

2. Detroit Pistons: $58.2 million

3. Orlando Magic: $52 million

4. Utah Jazz: $43.8 million

5. Oklahoma City Thunder: $37.5 million

6. San Antonio Spurs: $34.4 million

7. Charlotte Hornets: $11.4 million

8. Houston Rockets: -$20 million

9. Sacramento Kings: -$28.8 million

10. Brooklyn Nets: -$32.4 million

11. Atlanta Hawks: -$32.4 million

12. Portland Trail Blazers: -$34.9 million

13. Memphis Grizzlies: -$39.5 million

14. Dallas Mavericks: -$40.1 million

15. Denver Nuggets: -$44.1 million

16. Cleveland Cavaliers: -$44.9 million

17. Toronto Raptors: -$52.9 million

18. Washington Wizards: -$56.9 million

19. Boston Celtics: -$58.9 million

20. Milwaukee Bucks: -$60.5 million

21. Indiana Pacers: -$61.1 million

22. New Orleans Pelicans: -$61.3 million

23. Miami Heat: -$62.2 million

24. Chicago Bulls: -$70 million

25. New York Knicks: -$75.3 million

26. Los Angeles Lakers: -$79.1 million

27. Phoenix Suns: -$88.4 million

28. Los Angeles Clippers: -$102.8 million

29. Golden State Warriors: -$104 million

30. Minnesota Timberwolves: -$120.8 million

*Figures according to Spotrac's projected Practical Cap Space, calculated by including guaranteed salaries, dad cap, estimated exercised and declined options, estimated cap holds and estimated draft pool holds. Final figures will differ based on teams' decisions.

It's important to note that, while not completely meaningless, the NBA's soft cap doesn't carry major restrictions. Those come with the first and second taxpayer exceptions.

The second-apron restrictions are the most severe. According to Spotrac, the Celtics, Timberwolves and Suns are the only teams already expected to be over the second apron. ESPN's Tim Bontemps and Bobby Marks expect the Bucks, Timberwolves and Clippers to be over the second line.

Teams over the first apron are less limited but can't use more than the mid-level taxpayer exception, use preexisting trade exceptions, take back additional salary in a trade or acquire players via a sign-and-trade.

Bontemps and Marks project the Trail Blazers, Hawks, Heat, Knicks, Lakers and Grizzlies to be over the first apron.

This means more than half the league could be major players in both the free-agent and trade markets—pending other decisions, of course.

Notable players who could be available, either by entering the market or declining player options, include Paul George, James Harden, OG Anunoby, DeMar DeRozan and Klay Thompson.

LeBron James (player option) topped the list of best free agents by Bleacher Report's Eric Pincus, though now that his son is in L.A. a split is unlikely.

The Clippers' situation is probably the biggest one to watch, as George's decision regarding his player option could have a domino effect.

According to NBA insider Marc Stein (h/t Bleacher Report's Andrew Peters), George very well could opt in for the 2024-25 season but then try to force a trade to a team willing to offer the contract he wants.

ESPN's Brian Windhorst said on Get Up (h/t Luke Adams of Hoops Rumors) that "multiple teams" are willing to offer a four-year max deal. If George leaves L.A., that could also cause Harden to seek new employment.

"Harden] wants to see if Paul George remains, how many years Paul George gets, because he wants to align himself along with Kawhi Leonard and Paul George," ESPN's Ohm Youngmisuk said on NBA Today (h/t Bleacher Report's Doric Sam).

The Warriors, reportedly, could become major players in the George sweepstakes.

"League sources say the Warriors, who have a sensitive free agency situation of their own with Klay Thompson, have legitimate interest in making George part of their new core alongside Steph Curry and Draymond Green," Sam Amick and Anthony Slater of The Athletic wrote.

There has also been some buzz about the Rockets looking to acquire Kevin Durant from the Suns, another potential blockbuster that could have league-wide implications. However, Slater and Amick reported that the deal is unlikely:

"For all the recent focus on 35-year-old Phoenix Suns star Kevin Durant, league sources say the Rockets are only interested in star players whose timelines fit better with their young core."

Even if Durant remains in Phoenix and George stays in L.A., though, we could still see some major developments.

The Lakers, for example, could look for a third star to pair with James and Anthony Davis.

"If the franchise cornerstones had their way, league sources say, the Lakers would prove their desire to win this week by going all-in for another elite player," Amick wrote.

While the luxury-tax restrictions implemented by the latest collective bargaining agreement may prevent the offseason from descending into utter chaos, there will be plenty of action to track in the coming days.