The Non-Taxpayer TPE is approx. $15.1m.
Assuming we don't waive anyone, the most we can spend before going over the luxury tax line is $13.3m, which would fit into the TPE.
If we are determined to use the full TPE, it would cause us to go over the luxury tax line this season and prevent us from resetting the repeater tax rates for next season. Alternatively we could decide not to give big extensions to PP, Queta, Baylor, Garza, Harper and Walsh next season and let some of them walk and try and get under the luxury tax then. Or we as fans with no skin in the game could take the position of "to hell with the luxury tax, Bill bought this franchise, he should spend whatever it takes, whenever it takes, to give us a championship product"

Here is a list of free agents, in descending order of their previous AAV (Avg Annual Value).
(click to enlarge)



The full list, including the vet min guys, is at
https://www.spotrac.com/nba/free-agents/available/_/year/2026