What happened: Atlanta kept CJ McCollum on a one-year, $21 million deal that preserves future cap flexibility. Boston retained Neemias Queta and added Mitchell Robinson for less than $30 million in combined annual salary. Cleveland drafted Meleek Thomas at No. 34 and signed him to a four-year, $9.3 million guaranteed contract.

Why it matters: The New York Knicks largely stood pat after winning the championship, leaving rival contenders to reshape their rosters. Salary-cap penalties could still prompt trades, but most major questions for 2026-27 have been resolved.

What to watch: Watch for late trades aimed at reducing salary-cap penalties before 2026-27 rosters harden.