Editor's note (Feb. 7): This post has been updated with the latest on each team.
The clock is ticking to the Thursday NBA trade deadline.
While not every team will make a deal this week, each franchise has questions it will need to address not only now but for the future.
We break down what to watch for all 30 teams, and what kinds of moves they can make.
Atlanta Hawks
What to watch
The expiring contracts: Keep an eye on veterans Ersan Ilyasova and Marco Belinelli. Both players have expiring contracts and relatively low salaries ($6 million and $6.6 million, respectively) and could be a valuable addition coming off the bench for a playoff team.
Restrictions/notes
Ilaysova and Mike Muscala have one-year bird restrictions and can veto any trade.
Tyler Cavanaugh cannot be traded during the season.
Atlanta only accepts $687K in cash in a deal.
Boston Celtics
What to watch
Greg Monroe: The Celtics are holding off on signing the center until after the trade deadline. Because the $5 million salary that Monroe will sign for is not prorated, Boston is not in a rush. With the one open roster spot, that flexibility will be gone when Monroe signs his new contract.
Restrictions/notes
Boston can trade its own second-round picks from 2020 on.
Brooklyn Nets
What to watch
The value for Joe Harris: The former second-round pick is having a career season and will be an unrestricted free agent in July. If Brooklyn is looking to optimize Harris' trade value, the window is now. If they hold onto him past Thursday, the Nets will either have to sign Harris to a contract that starts in the $5-6 million range or lose him for nothing.
As evident by the Tyler Zeller trade, Brooklyn has players on its roster that teams desire. Do the Nets value continuity or a future second-round pick?
The market for Harris is lukewarm based on his expiring contract. Teams feel that they can sign Harris in the offseason with cap space or one of their exceptions without giving up an asset.
Restrictions/notes
Brooklyn is operating over the cap based on the $6 million Jeremy Lin disabled player exception.
Charlotte Hornets
What to watch
Kemba Walker: Many in the NBA think the point guard could be collateral damage for Charlotte's spending in 2016. With the Hornets heading toward the luxury tax next season and ownership's reluctance to pay the penalty, Walker has been rumored in trade discussions. The catch, though, is that to acquire Walker teams must take back the $100 million left on Nicolas Batum's deal. That's not appealing, even with Walker's $12 million salary All-Star-level play.
Restrictions/notes
Charlotte is currently $1.8 million below the luxury tax. Going into the tax would cost the Hornets $2.3 million in tax reimbursement.
Charlotte has one roster spot open.
Chicago Bulls
What to watch
The $14.8 million in cap space: The Bulls are open for business when it comes to taking back bad contracts, even if the money will eat into their future cap space. As evident by the Omer Asik trade, Chicago is willing to pay $14 million to essentially buy a first-round pick. With Nikola Mirotic off to New Orleans, Chicago has now turned its attention to Robin Lopez and Justin Holiday. Both veterans can be had if the Bulls can add to their stockpile of first-round picks.
Restrictions/notes
The Bulls are $5.6 million below the salary cap floor but are technically operating as a team over the salary cap based on their $12.5 million trade exception.
The Bulls are limited to $2.6 million cash that they can acquire in a trade.
Chicago does not have an open roster spot but can waive veteran Tony Allen to create one.
Cleveland Cavaliers
What to watch
Dan Gilbert: There will come a time when the Cavaliers' owner will put his checkbook away. A league-high $43.1 million tax bill and an average team in the Eastern Conference will do that to you. It is one thing to pay the luxury tax for a championship team (see Golden State), but this one could have trouble getting out of the East.
Restrictions/notes
LeBron James has a no-trade clause.
Cleveland has only $2.1 million cash remaining to send out in a trade.
Cleveland does have $5.8 million, $2.5 million and $1.3 million trade exceptions available.
The Cavaliers are a repeater tax team and will see their league-leading $43.1 million tax bill increase if they take on additional salary.
More: What moves can the Cavaliers make?
Dallas Mavericks
What to watch
Cap space and Nerlens Noel: Acquired last February, Noel is on a one-year contract and would need to approve of any trade. However, since he's sidelined with a thumb injury and out of the rotation this season, a fresh start (sound familiar?) could be the best option.
The rebuilding Mavs also have $13.5 million in cap space. The goal for the Mavericks in the next month is to target teams looking to shed contracts but with a draft asset attached.
Restrictions/notes
Dirk Nowitzki cannot be traded without his permission.
The Mavericks cannot take back cash in any transactions.
Dallas has one roster spot open.
Denver Nuggets
What to watch
Emmanuel Mudiay: It is hard to give up on a former top-10 pick who will not turn 22 until March. For Mudiay, the best role for him is coming off the bench. Would a change of scenery and playing for a new coach reflect why the Nuggets picked him with the No. 7 in the draft, or his role best suited as a role player?
That answer should come in what teams are willing to offer the Nuggets.
Restrictions/notes
None
Detroit Pistons
What to watch
Henry Ellenson: The Pistons got the trade deadline started a week ago when they acquired Blake Griffin from the Clippers. Now a week later, Detroit will need to find a plan for former first-round pick Ellenson -- either retain him with the goal that he could replace Anthony Tolliver next season or look to move him for a draft pick. Since drafted in 2016, Ellenson has played in 40 games and spent a majority of the time in the G League.
Restrictions/notes
The Pistons have a $5.2 million disabled player exception that expires on March 12.
Detroit needs to pay attention to the luxury tax. The Pistons are $3.5 million below the line right now.
Golden State Warriors
What to watch
Post-Thursday trade deadline: Golden State has typically been busy after the trade deadline, picking up James McAdoo (2015), Anderson Varejao (2016) and Matt Barnes (2017) in recent years.
Adding a player would come at the cost of waiving or trading a player and increasing the Warriors' current $32 million tax bill.
Restrictions/notes
Kevin Durant, David West, JaVale McGee and Zaza Pachulia have one-year bird restrictions and cannot be traded without their consent.
Stephen Curry cannot be traded for one year (July 6, 2018).
Golden State still has $5.1 million to send or receive in a trade. In the past, the Warriors have saved their money until the June draft.
Houston Rockets
What to watch
Locker-room chemistry vs. tweaking the roster: Houston will need to weigh on-the-court and locker-room chemistry versus making a change to the roster. The Rockets can compete with the top teams when healthy, but can they get to mid-April in one piece after recent injuries to James Harden, Chris Paul, Clint Capela and Luc Mbhah a Moute?
The Rockets do have an open roster spot and could add a player post deadline. A move like that should not disrupt Houston heading into the playoffs.
Restrictions/notes
James Harden cannot be traded for one year (July 7, 2018).
The Rockets are only $2.6 million below the luxury tax and $8.8 million below the hard cap.
Gerald Green cannot be traded.
Indiana Pacers
What to watch
The cost of surpassing expectations: No one would fault the Pacers if they were in the bottom of the standings in early January. After all, Indiana traded its franchise centerpiece Paul George and added eight new players, including three new starters.
Now one months before the deadline, Indiana is at a crossroad with its roster. Be aggressive with cap space ($5.8 million remaining) and a potential draft pick to make a strong push for the playoffs or look to move a veteran like Thaddeus Young for a draft asset?
Restrictions/notes
With one open roster available, the Pacers could utilize their room and be a facilitator to a team looking to cut costs without touching any of their veterans.
Alex Poythress cannot be traded.
LA Clippers
What to watch
The expiring contracts: There is a misconception that Clippers management is under pressure to move DeAndre Jordan, Avery Bradley and Lou Williams before the Thursday deadline. While nobody should be deemed untouchable -- especially three players who could be free agents this summer -- why move them if the return in draft picks or players does not present fair value?
All three could be in Clippers uniforms next season based on the harsh reality of the free-agent market, with Jordan opting into his $24.1 million contract, Bradley's next salary not being costly and Williams a possible extension candidate. The future of each player is also muddied by the Clippers still being in position for a playoff spot even while riddled with injuries. However, as evident by the Blake Griffin trade, management is looking at the big picture.
Restrictions/notes
The Clippers have a roster spot open but are only $629K below the luxury tax.
The Clippers have a $7.3 million trade exception.
Previous trades have limited LA to only $432K in cash to send out in a trade.
Los Angeles Lakers
What to watch
The conservative approach: In December, the Lakers were expected to be the most active team at the trade deadline. Already armed with $35 million in cap space, the plan for the Lakers was to find a new home for Julius Randle and Jordan Clarkson and enter July with cap space for two max salary players. Now a day before the deadline, L.A.'s plan has shifted to retaining both players for the remainder of the season. Would the Lakers move either player if they received an overwhelming offer? Yes, but they are content entering the offseason with both on the roster.
Restrictions/notes
The Lakers have an open roster spot.
More: How the Lakers can add two stars in 2019, and what they should do now
Memphis Grizzlies
What to watch
Tyreke Evans: Evans is on an expiring contract and has been the Grizzlies' best player, but teams are reluctant to give up a first-round pick. He would certainly help a playoff team for the final months of the season, though a team trading for him would not have his Bird rights, meaning there's little flexibility to keep him in the offseason. Evans probably will be moved by the deadline but not at the cost of a first-round pick.
Restrictions/notes
Memphis is $7.1 million under the tax and also has a $3.4 million trade exception.
Miami Heat
What to watch
Tyler Johnson: The Heat are facing a financial crunch this summer when Johnson's $5.9 million salary is set to balloon to $19.2 million in 2018-19. After Brooklyn's offer sheet to Johnson in 2016, Miami will now have $117 million in committed salary. While Johnson has been an integral part of the bench for Miami, exploring trade options before his new salary begins in July should be discussed. The challenge that Miami faces is that the Johnson contract would come at the cost of a draft asset, plus Miami would lose a key part of its bench for the stretch run toward the playoffs.
Restrictions/notes
Josh Richardson is not eligible to be traded until after the season.
Udonis Haslem is signed to a one-year contract and must approve any trade.
The Heat cannot send out any cash in a trade.
Miami also cannot trade any first-round picks until 2023.
Milwaukee Bucks
What to watch
Getting to April in one piece: No playoff team has been decimated by injuries more than Milwaukee. Starting with Jabari Parker for the first half of the season and now the backcourt of Matthew Dellavedova and Malcolm Brogdon, Milwaukee is fortunate to have a 30-23 record. The recent addition of Tyler Zeller should provide depth for the Bucks but don't expect any blockbuster type of deal like what we saw in November when they acquired Eric Bledsoe.
Restrictions/notes
Sean Kilpatrick cannot be traded.
Jason Terry has veto power based on signing a one-year contract.
Milwaukee has $5 million, $3.4 million and $1.9 million trade exceptions.
The Bucks are $4.5 million below the luxury tax and can only send out $3.2 million in a trade.
The trade for Bledsoe has Milwaukee restricted on trading a future first-round pick. Because the protection to Phoenix extends to 2021, Milwaukee would not be allowed to trade a first until 2023 or two years after the pick to the Suns is conveyed.
Minnesota Timberwolves
What to watch
Gorgui Dieng: The cost of the remaining $49 million owed to Dieng will weigh heavily for the Timberwolves in the future. Like many in the NBA, the Wolves will be pressed up against the luxury tax for the foreseeable future. The backup center has seen his minutes cut in half since averaging a career-high 32 minutes last season. Dieng is available but teams are reluctant based on the amount owed on his contract.
Restrictions/notes
Shabazz Muhammad cannot be traded without consent because of the one-year Bird restriction.
Andrew Wiggins has a poison-pill restriction in his contract, affecting his outgoing and incoming salary in a trade.
Minnesota cannot trade its own first-round pick until two years after the conditions to Atlanta are met. By earning a playoff spot and losing this pick, the Wolves would be eligible to trade their own first again in 2020.
New Orleans Pelicans
What to watch
The final roster spot: The recent Nikola Mirotic trade allowed the Pelicans to acquire a power forward and shift Anthony Davis to the center position while also reducing their luxury tax and hard cap restrictions. Now with DeAndre Liggins signed for the remainder of the season (along with a non-guaranteed contract in 2018-19), the focus shifts toward their final roster spot. That final spot should be filled with a signing.
Restrictions/notes
Dante Cunningham has veto power on any trade based on his one-year bird restriction.
New Orleans is $949K below the luxury tax and $1.5 million below the hard cap.
The Pelicans have $3.5 million, $2.1 million, $3.8 million, $1.5 million and $1.4 million trade exceptions. New Orleans also has the Disabled Player Exception of $2.45 million that expires on March 12.
The Quincy Pondexter trade to Chicago has left New Orleans with $2.5 million to send out in a trade.
New York Knicks
What to watch
Joakim Noah: The question is not if Noah will be part of the Knicks' roster past Thursday (he will), but instead how will the front office handle his situation moving forward. The Knicks can continue to have Noah sit at home and collect $100K per day for doing nothing or integrate him back to the team and showcase him for the rest of the season. For a Knicks team that is headed toward the lottery, option B is the right choice. Noah's cap hits of $18.5 million and $19.3 million in the remaining two seasons is as close to an untradable contract as it gets.
Restrictions/notes
Ron Baker has a one-year Bird restriction and cannot be traded without his approval.
The Knicks have $4.7 million cash to send out in a deal.
Oklahoma City Thunder
What to watch
The backup wings: It's no coincidence that OKC slid with the loss of Andre Roberson (before defeating the Warriors on Tuesday). Since the injury to their defensive stopper, the Thunder have been forced to use a committee of players including rookie Terrance Ferguson and backups Jerami Grant, Josh Huestis and Alex Abrines. Don't expect a quick fix to replace the loss of Roberson as Oklahoma City is content with the bench players filling the void.
Restrictions/notes
The Thunder are not permitted to trade a first-round pick until 2024. Oklahoma City has picks owed to Minnesota and Orlando over the next four years.
Russell Westbrook cannot be traded until Sept. 29. The no-trade clause that Carmelo Anthony had in New York has carried over to OKC.
Nick Collison is signed to a one-year contract and must approve of any trade.
Oklahoma City -- currently with a $24 million tax bill -- does have one roster spot open. However, adding a player would see the luxury tax increase.
More: What moves help OKC contend in the West?
Orlando Magic
What to watch
The front office: It would be easy for new president Jeff Weltman and GM John Hammond to make a rash decision on the Magic roster they inherited, including the coaching staff. Orlando is 16-37 (after starting 6-2) and headed to the lottery for a sixth consecutive season. While they will certainly be active in the next four weeks, the Magic's front office is not vulnerable to make a move just to save the season. Don't expect a major overhaul to occur until after the season, when both execs have completed a full audit of the roster.
Restrictions/notes
None
Philadelphia 76ers
What to watch
One open roster spot: Trade deadline addition or March 1 buyout deadline.
The role and integration of Markelle Fultz.
The Joel Embiid workload: Averaging 30 minutes per night so far. Do not risk the future for short-term success. Embiid has played 1,267 minutes this season and is on pace to reach the 1,650 minutes criteria in his contract. Reaching the criteria is one of many benchmarks for years 3-5 of his extension to be guaranteed, even if he is injured.
Preserving cap room for 2018 or 2019.
Restrictions/notes
Robert Covington cannot be traded until after the season.
Embiid has a poison-pill restriction in his contract based on signing a rookie extension in October.
Trevor Booker's $9.1 million contract cannot be aggregated until Feb. 7, one day before the trade deadline.
Philadelphia cannot receive any cash in a trade.
Phoenix Suns
What to watch
The $10 million in cap space: Outside of Chicago and Dallas, the Suns have the most cap space in the NBA. Phoenix is slightly below the minimum team salary floor and probably will sign a point guard with Isaiah Canaan out for the season. Like Chicago, the Suns can take advantage of taking back contracts with an asset attached.
Restrictions/notes
Alex Len has veto power on any trade based on the one-year Bird restriction.
TJ Warren has a poison pill restriction in his contract.
Isaiah Canaan cannot be traded during the season.
Portland Trail Blazers
What to watch
Luxury tax: $2.8 million above the line and $5.1 million in cash to send out. Use the money at the draft or now?
March 1 roster buyout: Using roster spot 15 would mean additional luxury tax.
Evaluating the restricted free agents: Jusuf Nurkic, Shabazz Napier, Noah Vonleh and Pat Connaughton
With $111 million in guaranteed contracts next season, Portland will have tough decisions to make in the offseason for financial reasons.
Restrictions/notes
The Trail Blazers have a $12.9 million trade exception.
Sacramento Kings
What to watch
George Hill: The three-year, $57 million Hill contract ($1 million guaranteed in 2019-20) was supposed to serve two purposes. Hill could be a mentor to the young Kings backcourt and also a placeholder for when the Kings would have significant cap space again. Now only seven months into the contract, Sacramento management is looking to shed his salary. The Kings have learned the hard way that adding a high-priced veteran with the expectation of a prominent role could backfire when minutes are reduced.
Restrictions/notes
The Kings are $4.3 million under the salary cap.
Sacramento can receive $4.7 million cash in a trade.
San Antonio Spurs
What to watch
The health of Kawhi Leonard
The Cleveland approach: Worry about being fresh when the playoffs start instead of seeding.
Keeping Rudy Gay fresh for the stretch run: Keep minutes in the 20-22 range when he returns from injury.
Restrictions/notes
LaMarcus Aldridge cannot be traded until after the season.
San Antonio is $2.3 million below the luxury tax.
Toronto Raptors
What to watch
Keeping the backcourt fresh: Kyle Lowry (32.6 MPG, lowest since 2012-13) and DeMar DeRozan (34.4 MPG, lowest since his rookie season)
Balancing the budget: $750K million below the tax with one roster spot open
The continued role and development of the recent draft picks
Restrictions/notes
Norman Powell cannot be traded during the season.
The Raptors can send or receive up to $5.1 million in a trade.
Toronto cannot trade a first-round pick until two years after its first is conveyed to Brooklyn (likely 2020).
Utah Jazz
What to watch
Derrick Favors. List the top 15 centers in the NBA and you might be surprised to see Favors' name. Still only 26, Favors has cracked the list largely due to the fact that he has been healthy this season (he missed 52 games the past two seasons), found a more developed role and improved his low-post presence while taking advantage of playing time when starter Rudy Gobert was injured. The Jazz will have a difficult choice to make as Favors is set to hit free agency, since they've already committed $94 million to Gobert. Even if Favors returns on a pact similar to his current contract ($11.7 million annually), the Jazz would have $33 million tied up at the center position.
Restrictions/notes
Utah has a $2.75 million disabled player exception that expires on March 12.
Washington Wizards
What to watch
The first-round pick: Does GM Ernie Grunfeld go for the hat trick before the trade deadline?
For two consecutive seasons, Grunfeld has traded away a first-round pick to improve the roster for a playoff run. With a top-5 salary and roster restrictions in the future based on the luxury tax, Washington will need to be cautious when entertaining offers involving current or future picks. Though Bojan Bogdanovic gave the bench a boost last season, the small forward was a short-term rental.
Restrictions/notes
Otto Porter Jr. must give permission if Washington elects to trade him. Porter cannot be traded to Brooklyn during the season.
John Wall cannot be traded until July 26, 2018.
The Wizards have a roster spot available but are $5.8 million over the luxury tax with a current $8.9 million tax penalty.