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2016 NBA Free Agency: Explaining the crazy contracts given out Day 1

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NBA Free Agency: Best, worst Day 1 deals

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The Memphis Grizzlies pledged roughly $250 million on Day 1 of 2016's NBA free agency period. Wing players were getting paid left and right for $15-$18 million per season. Crumbling big men are getting paid as if they were time traveling back to when they had an extra pep in their step.

The spending from NBA teams in the first 24 hours of free agency -- when the league saw a $24 million jump in the salary cap -- has been bewildering.