Ready, set, spend....the frenzy is about to begin!
But for the Wizards patience and restraint should be the plan, letting the league's other 29 teams fight to over spend with greed and gluttony. Let the Denver Nuggets or another team make the first big splash with their cap space.
The Wizards are in a great place right now. They've got 11 players under contract (including the rookies) and will have about $10 million to spend to reach the cap. While other teams with cap space will need to use it immediately to fill out a minimum roster for practices, the Wizards, like EG said after the draft, are already two deep at every position.
The Wizards top off season priority is Nick Young. Keeping an eye on his market value and having 72 hours to match any deal he's agreed to with another team, if they so choose is clearly #1. The re-signing or not signing of NY could be "that move" along this rebuilding process that hurts or helps this franchise the most, but it's hard to say which way the pendulum leans right now. Nick at a "reasonable" price is a great thing, over spending for him when they already have Jordan Crawford is not. Nick blowing up on Chicago with D. Rose would hurt, him getting overpaid in Sacramento for a 30 win Kings team would not.
After making a decision on Nick, the Wizards should really just sit back and see which veteran FA is left without a chair when the music stops or which player gets cut via the amnesty clause. Being patient and waiting to strike when the best opportunity presents itself is an advantage that the Wizards will have over most of the other teams.
The closer it gets to Christmas the more likely a veteran FA will be willing to sign with the team for a one year deal worth a couple of million, especially when their other options have dried up. This next week and half will be crazy, but when the dust settles there will still be a handful of solid players without jobs. The Wizards will have cap space and a few roster spots to make some solid moves just before the season tips. I can't pinpoint who will be left, but there's always a few, making patience and taking the "wait and see approach" the best strategies to implement right now.