NBA Teams Commit $1.4 billion To Players On Free Agency Day #1

Jimmy Butler

NBA free agency officially opened on Wednesday (July 1) ... and there's been a lot of movement.

According to ESPN Stats & Information, NBA teams agreed in principle to pay over $1.4 billion in salary to players in the first full day.

That number doesn't even include the five-year extension estimated at nearly $145 million that Anthony Davis received from the New Orleans Pelicans.

There's some big contracts still to come, including decisions from LaMarcus Aldridge or DeAndre Jordan or Dwyane Wade -- all of which have yet to decide where they'll end up.

There was seven teams who guaranteed over $100 million in agreements on Wednesday, including the Cleveland Cavaliers, who agreed to terms with Kevin Love and Iman Shumpert for a combined $150 million.