The deadline for exercising RFA rights will be the end of the rookie draft. If you do nothing, it is assumed you are declining to exercise your RFA "right to match" and these players will become Unrestricted Free Agents. Exercising RFA rights means your available cap space will be reduced by the noted amount during the RFA bidding period. Please refer to the RFA Explanation thread for questions and ask them in that thread, not this one.
To exercise a player's RFA rights, you must post in this thread with the name of the player whose rights you are exercising and note "Exercise Rights" for example: "Hawks exercise RFA rights on Antonio McDyess." Only posts exercising or declining RFA rights should go in this thread. Questions should go in the RFA rules thread linked above.
| Drafted | Name | Status | Incumbent Team | Cap Pct | Cap Hold | Notes |
| 1 | Kobe Bryant | RFA | Bulls | 0.25 | $9,356,190 | RFA rights exercised by the Bulls |
| 2 | Allen Iverson | RFA | Suns | 0.245 | $9,169,066 | RFA rights exercised by the Suns |
| 3 | Ray Allen | RFA | Spurs | 0.24 | $8,981,943 | RFA rights exercised by the Spurs |
| 4 | Steve Nash | RFA | Cavaliers | 0.235 | $8,794,819 | RFA rights exercised by the Cavaliers |
| 5 | Marcus Camby | RFA | Kings | 0.23 | $8,607,695 | RFA rights exercised by the Kings |
| 6 | Jermaine O'Neal | RFA | Suns | 0.225 | $8,420,571 | RFA rights exercised by the Suns |
| 7 | Stephon Marbury | Jazz | 0.22 | $8,233,447 | ||
| 8 | Ben Wallace | RFA | Hawks | 0.215 | $8,046,324 | RFA rights exercised by the Hawks |
| 9 | Antoine Walker | RFA | Nets | 0.21 | $7,859,200 | RFA rights exercised by the Nets |
| 10 | Kerry Kittles | UFA | 76ers | 0.205 | $7,672,076 | RFA rights declined by the 76ers |
| 11 | Predrag Stojakovic | Grizzlies | 0.2 | $7,484,952 | ||
| 12 | Zydrunas Ilgauskas | RFA | Rockets | 0.195 | $7,297,828 | RFA rights exercised by the Rockets |
| 13 | Erick Dampier | RFA | Hornets | 0.19 | $7,110,705 | RFA rights exercised by the Hornets |
| 14 | Derek Fisher | RFA | Pistons | 0.185 | $6,923,581 | RFA rights exercised by the Pistons |
| 15 | Shareef Abdur-Rahim | RFA | Spurs | 0.18 | $6,736,457 | RFA rights exercised by the Spurs |
| 16 | Shandon Anderson | UFA | Kings | 0.175 | $6,549,333 | RFA rights declined by the Kings |
| 17 | Lorenzen Wright | UFA | Cavaliers | 0.17 | $6,362,209 | RFA rights declined by the Cavaliers |
| 18 | Erick Strickland | RFA | Bulls | 0.165 | $6,175,086 | RFA rights exercised by the Bulls |
| 19 | Jeff McInnis | RFA | Hawks | 0.16 | $5,987,962 | RFA rights exercised by the Hawks |
| 20 | Jerome Williams | RFA | Nuggets | 0.155 | $5,800,838 | RFA rights exercised by the Nuggets |
| 21 | Walter McCarty | UFA | Cavaliers | 0.15 | $5,613,714 | RFA rights declined by the Cavaliers |
| 22 | Tony Delk | RFA | Heat | 0.145 | $5,426,590 | RFA rights exercised by the Heat |
| 23 | Samaki Walker | Jazz | 0.14 | $5,239,467 | ||
| 24 | Emmanuel Davis | UFA | Pacers | 0.135 | $5,052,343 | RFA rights declined by the Pacers |
| 25 | Dean Garrett | UA | Pistons | 0.13 | $4,865,219 | RFA rights declined by the Pistons |
| 26 | Matt Maloney | Jazz | 0.125 | $4,678,095 | ||
| 27 | Priest Lauderdale | UFA | none | 0.12 | $4,490,971 | Released by Timberwolves 2/9/1998 |
| 28 | Moochie Norris | UFA | Clippers | 0.115 | $4,303,848 | Released by Raptors and signed in UFA by Clippers |
| 29 | Othella Harrington | RFA | Raptors | 0.11 | $4,116,724 | RFA rights exercised by the Raptors |
