NBA free agency officially began Monday, and the first stunner came the following morning when Myles Turner, the top free agent on the board, agreed to join the Bucks on a four-year deal. That's a surprise on its own.

On Monday, the NBA announced that the salary cap has been set at $154.647 million for the 2025-26 season, while the tax level is $187.895 million. The first apron level is set at $195.945 million, and the second apron level is $207.824 million. The salary cap and tax level went into effect at 12:01 a.m. ET on Tuesday.