What happened: The Golden State Warriors are not necessarily locked in as hard-capped at the first apron, per Anthony Slater. De'Anthony Melton's contract, signed with the biannual exception, can be converted into part of the taxpayer mid-level before he signs if subsequent roster moves force the team over the first apron.
Why it matters: The distinction matters because a hard cap at the first apron would sharply limit how the Warriors could build out the roster this offseason. Preserving the ability to reroute Melton's deal keeps a path open to absorb salary or complete a larger transaction without triggering the hardest spending restrictions.
What to watch: Watch whether Golden State's next roster moves require exceeding the first apron, which would trigger the conversion of Melton's contract into the taxpayer mid-level.