This is one year where the term "Free Agent Frenzy" ultimately didn't really apply. There were some big signings, but for the most part teams were disciplined when it came to negotiating with UFAs. There was certainly the potential for some really bad deals too as the thin market could have led to teams grossly overvaluing what was out there.
In fact, most teams' biggest crime was being relatively inactive, although whether or not that was a bad thing largely depended on the circumstances as we will discuss below while grading the Metropolitan and Pacific division teams.
Just keep in mind that this article doesn't take into account the trades made at and around the draft.