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As the NBA adjusts to its new salary-cap climate, it's only right that we update the best and worst contracts accordingly.

Players on rookie-scale deals will not be a part of this conversation, since their earning potential is heavily capped. Likewise, superstars on max-level agreements will not be considered for bargain status. It's cool that LeBron James is worth more than the Cleveland Cavaliers are paying him, but they can't actually pay him any more.

Expiring contracts are also off limits. Single-year salaries, good and bad, are inherently more valuable because of the imminent financial relief they promise.

Trade values and player performances relative to their pay scales will shape the rankings. Team fit matters as well and will be used to weed out certain worst-contract candidates. Bismack Biyombo's $72 million deal, for instance, doesn't look so hot on the Orlando Magic, but it would have more value with a team that didn't employ a frontcourt pileup.

Every deal will be looked at through the lens of the new salary cap. And that, in turn, means recently signed pacts will dominate the overpriced standings, while contracts inked before last summer will rule the bargain bin.