NBA free agency 2020: Ranking the 5 teams with most cap space this offseason

The LA Lakers lead the Miami Heat 2-0 in the NBA finals. Lakers are the favorites against the injury-ridden Heat and will be expected to win the series. With the season about to conclude, NBA trade rumors have already hit the internet. Teams will be looking to strengthen in the offseason, with NBA free agency 2020 starting soon. With that said, let's check out the top teams with the most cap space to lure players who are free agents.

NBA free agency 2020: 5 teams with the most cap space

#1 New York Knicks

If the New York Knicks choose to decline Bobby Portis' $15.7 million team option, they will be able to free up as much as $42 million. The Knicks made some questionable decisions last season, paying the premium to three players who played the same position.

The Knicks have a rising star in RJ Barrett and will try to surround him with the right role players and veterans in the NBA free agency 2020. They also hired Tom Thibodeau recently, who will want players who fit his tactics instead of the ones that are currently present on the roster.

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— NEW YORK KNICKS (@nyknicks) October 4, 2020

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#2 Detroit Pistons

The Detroit Pistons have the 2017-18 Coach of the Year winner in Dwane Casey, a veteran core led by Blake Griffin and Derrick Rose, rising talents in Luke Kennard and Sekou Doumbouya, and a realistic chance to return to the playoffs. On top of that, the Pistons are projected to have up to $30 million in the room beneath the cap if guard Tony Snell picks up his $12.2 million player option in NBA free agency 2020.

The Pistons plan to compete next season, and having ample cap space can help them do exactly that.

#3 Atlanta Hawks

The Atlanta Hawks are on an upward trajectory, as they boast of one of the best young duos in the league in Trae Young and John Collins. Young made his way to the All-Star game this year, and Collins is an emerging talent at the power forward position. With NBA free agency 2020 looming, the Hawks will be a good option for any player that is looking to change their scenery. It also helps that the Atlanta Hawks have Lloyd Pierce, one of the brightest young minds in basketball, as their head coach.

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— Atlanta Hawks (@ATLHawks) October 4, 2020

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Also read: NBA Trade Rumors: Philadelphia 76ers planning to break up their star duo in order to acquire LaMelo Ball using Minnesota Timberwolves' no. 1 draft pick

#4 Phoenix Suns

The Phoenix Suns were incredible in the NBA bubble, as they finished with an 8-0 record inside it. However, they still missed out on the playoffs. But Devin Booker and co look like a team that will make the postseason next year. The Suns will be looking to add the right players and will have ample cap space to target them in NBA free agency 2020.

Among the key moves the Suns would have to make to reach roughly $19 million in space are renouncing their rights on Aron Baynes and Dario Saric - two useful rotation players - to clear their cap holds.

#5 Miami Heat

Having already made the finals this year, the next step for the Miami Heat will be to add another star in NBA free agency 2020. They have two bonafide superstars in Jimmy Butler and Bam Adebayo, and according to multiple NBA trade rumors, an offer will prepared for Milwaukee Bucks star Giannis Antetokounmpo in 2021.

The Heat may see their cap space evaporate on one-year deals for key free agents Goran Dragic and Jae Crowder. Plus, there's Derrick Jones Jr., another free agent to consider. However, the Heat might consider not spending at all this offseason, as the 2021 free agency lineup is filled with superstars.

Also read: NBA Trade Rumors: Options for Toronto Raptors as Serge Ibaka and Marc Gasol prepare for free agency