Minnesota Timberwolves
Minnesota Timberwolves 2023-24 Salary Cap
Timberwolves 2023-24 Salary Cap
An updated look at the Minnesota Timberwolves 2023 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.
| Player (15) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rudy Gobert | C | $41,000,000 | $41,000,000 | - | - | - | $41,000,000 | 20.68 | 30.14 |
$131,482,760
($131,482,760)
|
Acquired via Trade |
| Karl-Anthony Towns | C | $36,016,200 | $36,016,200 | - | - | - | $36,016,200 | 18.16 | 26.48 |
$257,104,200
($257,104,200)
|
Rk Extension / Bird |
| Mike Conley | PG | $24,360,000 | $24,360,000 | - | $1,500,000 | - | $24,360,000 | 12.29 | 17.91 |
$45,110,000
($45,110,000)
|
Acquired via Trade |
| Anthony Edwards | SG | $13,534,817 | $13,534,817 | - | - | - | $13,534,817 | 6.83 | 9.95 |
$217,984,817
($204,450,000)
|
Drafted
/ Rookie Scale
G'teed: $0
|
| Naz Reid | C | $12,950,400 | $12,950,400 | - | - | - | $12,950,400 | 6.53 | 9.52 |
$41,959,296
($41,959,296)
|
Vet Extension / Bird |
| Monte Morris | PG | $9,800,926 | $9,800,926 | - | - | - | $9,800,926 | 4.94 | 7.21 |
$3,773,920
($9,800,926)
|
Acquired via Trade |
| Kyle Anderson | PF | $9,219,512 | $9,219,512 | - | - | - | $9,219,512 | 4.65 | 6.78 |
$9,219,512
($9,219,512)
|
Free Agent / NT-MLE |
| Nickeil Alexander-Walker | SG | $4,687,500 | $4,687,500 | - | - | - | $4,687,500 | 2.36 | 3.45 |
$9,000,000
($9,000,000)
|
Free Agent / Bird |
| Jaden McDaniels | PF | $3,901,399 | $3,901,399 | - | - | - | $3,901,399 | 1.97 | 2.87 |
$134,901,399
($134,901,399)
|
Drafted / Rookie Scale |
| Wendell Moore Jr. | SG | $2,421,720 | $2,421,720 | - | - | - | $2,421,720 | 1.22 | 1.78 |
$9,533,043
($4,958,760)
|
Drafted / Rookie Scale |
| Jordan McLaughlin | PG | $2,320,000 | $2,320,000 | - | $100,000 | - | $2,320,000 | 1.17 | 1.71 |
$2,320,000
($2,320,000)
|
Free Agent / Early Bird |
| Leonard Miller | SF | $1,800,000 | $1,800,000 | - | - | - | $1,800,000 | 0.91 | 1.32 |
$8,319,739
($4,802,696)
|
Drafted / 2nd Round |
| Josh Minott | SF | $1,719,864 | $1,719,864 | - | - | - | $1,719,864 | 0.87 | 1.26 |
$5,927,014
($1,719,864)
|
Drafted / NT-MLE |
| T.J. Warren | SF | $220,543 | $317,307 | - | - | - | $220,543 | 0.11 | 0.16 |
$317,307
($317,307)
|
RoS / Minimum |
| Luka Garza | C | $127,683 | $127,683 | - | - | - | $127,683 | 0.06 | 0.09 |
$127,683
($127,683)
|
RoS / Minimum |
2023-24 Two-Way
Players signed to Two-Way contracts that are currently designated to G-League affiliate. Two-way salaries do not count against a team's Total Cap/Tax Allocations.
| Player (2) | Pos. | |||||
|---|---|---|---|---|---|---|
| Jaylen Clark | SG | |||||
| Daishen Nix | PG |
2023-24 Dead/Retained Cap
Cap breakdowns for players who have been released or served 10-day contracts. All count against the team's Total Cap Allocations.
| Player (2) | Pos. | Base Salary | Likely Incent. |
Unlikely Incent. |
Trade Bonus | Cap Figure | Cap % | Notes |
|---|---|---|---|---|---|---|---|---|
| T.J. Warren | SF | $167,003 | - | - | - | $116,075 | 0.06 | 10-day |
| Justin Jackson | SF | $134,863 | - | - | - | $116,075 | 0.06 | 10-day |
2023-24 Cap Holds
Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Timberwolves are currently over the league salary cap, these cap holds do not count against their Total Cap figure. Renouncing these cap holds will NOT afford the team any new cap space. These figures are not counted toward a team's Luxury Tax Allocation.
| Player (4) | Pos. | Qualifying Offer | Likely Incent. | Unlikely Incent. | Trade Kicker | Cap Figure | Rights |
|---|---|---|---|---|---|---|---|
| Evan Turner | SF | - | $27,909,834 | Bird | |||
| Aaron Brooks | PG | - | $2,019,706 | Non-Bird | |||
| Greg Monroe | C | - | $2,019,706 | Non-Bird | |||
| Austin Rivers | SG | - | $2,019,706 | Non-Bird |
Exceptions
Exceptions are essentially "grants" offering teams an additional way to sign players. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined.
Non-Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap but below the Luxury Tax Apron ($172,346,000) and can be used for contracts up to 4 years in length.
Bi-Annual Exception Details is available to any teams who are below the Luxury Tax Apron ($172,346,000), and did not use this exception in the previous season. It can be used for contracts up to 2 years in length.
Trade Exception Details becomes available when a team relinquishes more salary than it acquires during a trade. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary.
| Type | Reason (Used On) | Original | Available |
|---|---|---|---|
|
Non-Taxpayer Mid-Level |
Shake Milton ($5,000,000), Troy Brown Jr. ($4,000,000)
|
$12,405,000 | $3,405,000 |
|
Bi-Annual |
$4,516,000 | $4,516,000 | |
|
Trade 2/10/2025
|
Troy Brown Jr. trade with DET
|
$4,000,000 | $4,000,000 |
2023-24 Luxury Tax Totals
Denotes the Timberwolves current standing in terms of the luxury tax threshold. Teams that spend over the threshold pay fines (estimated below).
| Type | Totals | |
|---|---|---|
| 2023 NBA Luxury Tax Threshold | $165,294,000 | |
| Total Taxable Salaries | $164,312,714 | |
| Current Luxury Tax Space | $981,286 | |
2023-24 Minnesota Timberwolves Salary Cap Totals
This team is currently "hard-capped", which means their Total Taxable Salaries may not exceed $172,346,000 at any point during the season.
| Cap Type | Cap Total |
|---|---|
| Active Roster Cap | $164,080,564 |
| Dead Money | $232,150 |
| Cap Holds | $33,968,952 |
| Total Cap Allocations | $198,281,666 |
| Salary Cap Maximum | |
| 2023 NBA Salary Cap Max | $136,021,000 |
| Current Cap Space | $-62,260,666 |
| Salary Hard-Cap | |
| 2023 NBA First Apron ("Hard-Cap") | $172,346,000 |
| Total First Apron Salaries | $165,912,714 |
| First Apron Space | $6,433,286 |
| Second Apron | |
| 2023 NBA Second Apron | $182,794,000 |
| Second Apron Space | $16,881,286 |
2023-24 Practical Cap Space
| Available Practical Cap Space: | $-62,028,516 — $-28,059,564 |
This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries + estimated exercised and declined options + estimated retained cap holds and draft pool cap holds.
This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. All other options, cap holds, exceptions are assumed as declined, waived or renounced.
Deadlines
| Deadline Date | Player | Type | Value |
|---|---|---|---|
| 6/28/2024 | Josh Minott | 2024-25 Guaranteed | $2,019,699 |
| 6/29/2024 | Luka Garza | 2024-25 Qualifying Offer | $2,293,637 |
| 6/29/2024 | Daishen Nix | 2024-25 Qualifying Offer — Two-Way | $1,867,722 |
| 6/30/2024 | Troy Brown Jr. | 2024-25 Guaranteed | $4,000,000 |
| 10/31/2024 | Wendell Moore Jr. | 2025-26 Club Option | $4,574,283 |
| 6/29/2025 | Jaylen Clark | 2025-26 Qualifying Offer — Two-Way | $2,180,149 |
| 6/29/2025 | Josh Minott | 2025-26 Club Option | $2,187,451 |
| 6/29/2025 | Rudy Gobert | 2025-26 Player Option | $46,655,173 |
| 6/30/2025 | Leonard Miller | 2025-26 Guaranteed | $2,221,677 |
| 6/30/2025 | Naz Reid | 2025-26 Player Option | $15,022,464 |
| 6/29/2026 | Leonard Miller | 2026-27 Club Option — non-guaranteed | |
| 6/29/2026 | Wendell Moore Jr. | 2026-27 Qualifying Offer | $6,751,642 |
| 6/30/2026 | Leonard Miller | 2026-27 Guaranteed | $2,406,205 |
| 6/29/2027 | Karl-Anthony Towns | 2027-28 Player Option | $62,062,000 |
Unsigned Draft Picks
| Draft Year | Player | Age | Position | Country | College |
|---|---|---|---|---|---|
| 2009 | Henk Norel | 36 | C | NLD | |
| 2010 | Paulao Prestes | 36 | C | BRA | |
| 2022 | Matteo Spagnolo | 21 | PG | ITA |
Future Draft Picks
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | ||||||||||||||||||||||||||||||
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UTA
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| 2026 | ||||||||||||||||||||||||||||||
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MIN UTA
less favorable of MIN and UTA 1-8
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| 2027 | ||||||||||||||||||||||||||||||
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UTA
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| 2028 | ||||||||||||||||||||||||||||||
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MIN
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| 2029 | ||||||||||||||||||||||||||||||
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MIN
Top-5 Protected
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UTA
6-30
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| 2030 | ||||||||||||||||||||||||||||||
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MIN
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| 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
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| 2025 | ||||||||||||||||||||||||||||||
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ATL
via HOU
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MIN
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| 2026 | ||||||||||||||||||||||||||||||
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MIN
Least favorable of IND, MIA and SAS to MIN
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NYK
Less favorable of MIN and NYK to NYK then other to DET
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| 2027 | ||||||||||||||||||||||||||||||
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OKC
via HOU
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| 2028 | ||||||||||||||||||||||||||||||
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SAS
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| 2029 | ||||||||||||||||||||||||||||||
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MIN UTA
MIN pick if MIN conveys 1st to UTA in 2029; UTA pick if MIN does not convey 1st to UTA in 2029
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| 2030 | ||||||||||||||||||||||||||||||
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DET
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