Max Cap Room
$7.8 million
$8.1 million Room Mid-Level Exception

Potential Free Agents

• Fred VanVleet ($44.9 million team option, Early Bird Rights, Unrestricted)

• Jeff Green ($10.4 million cap hold, Early Bird Rights, Unrestricted)

• Jock Landale ($8 million non-guaranteed salary)

• Jae'Sean Tate ($13.5 million cap hold, Full Bird Rights, Unrestricted)

• Aaron Holiday ($5 million team option, Early Bird Rights, Unrestricted)

• Nate Williams, Jr. ($2.3 million non-guaranteed salary)

Summary

The Rockets could technically have a little cap space, but it would come at the cost of losing most, if not all, of their key free agents, including VanVleet.

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If they operate over the cap, the Rockets will have about $42 million below the luxury tax with ten players under contract, which might be enough to re-sign their own key free agents while still having the $14.1 million Non-Taxpayer MLE and the $5.1 million Bi-Annual Exception to add talent, depending on which players they retain, and their respective salaries, but probably not unless VanVleet leaves or takes a big discount.

 

There's also a chance that their own free agents push them above the first apron, which would only allow them to have the $5.7 million Taxpayer MLE to add talent.

Potential Free Agency Targets
Passing / Playmaking

• Bruce Brown

• Malcolm Brogdon

• Larry Nance Jr.

Rim Protection / Bigs

• Julius Randle

• Myles Turner

• Clint Capela

Shooting​

• Khris Middleton

• Naz Reid

• Brook Lopez