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.

WHAT'S NEXT: Minnesota Timberwolves
The Minnesota Timberwolves find themselves on top of the West and their roster is rapidly getting expensive. Keith Smith takes a look at the Timberwolves' future financial outlook, sustainability and title contention. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (13) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Gobert Rudy Gobert C $41,000,000 $41,000,000 - - - $41,000,000 20.71 30.14 $131,482,760
($131,482,760)
Acquired via Trade
Towns Karl-Anthony Towns C $36,016,200 $36,016,200 - - - $36,016,200 18.20 26.48 $257,104,200
($257,104,200)
Rk Extension / Bird
Conley Mike Conley PG $24,360,000 $24,360,000 - $1,500,000 - $24,360,000 12.31 17.91 $45,110,000
($45,110,000)
Acquired via Trade
Edwards Anthony Edwards SG $13,534,817 $13,534,817 - - - $13,534,817 6.84 9.95 $217,984,817
($204,450,000)
Drafted / Rookie Scale
G'teed: $0
Reid Naz Reid C $12,950,400 $12,950,400 - - - $12,950,400 6.54 9.52 $41,959,296
($41,959,296)
Vet Extension / Bird
Morris Monte Morris PG $9,800,926 $9,800,926 - - - $9,800,926 4.95 7.21 $3,773,920
($9,800,926)
Acquired via Trade
Anderson Kyle Anderson PF $9,219,512 $9,219,512 - - - $9,219,512 4.66 6.78 $9,219,512
($9,219,512)
Free Agent / NT-MLE
Alexander-Walker Nickeil Alexander-Walker SG $4,687,500 $4,687,500 - - - $4,687,500 2.37 3.45 $9,000,000
($9,000,000)
Free Agent / Bird
McDaniels 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
Moore Jr. 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
McLaughlin 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
Miller 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
Minott 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


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 (3) Pos.
ClarkJaylen Clark SG          
GarzaLuka Garza C          
NixDaishen 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
WarrenT.J. Warren SF $167,003 - - - $116,075 0.06 10-day
JacksonJustin 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
TurnerEvan Turner SF - $27,909,834 Bird
BrooksAaron Brooks PG - $2,019,706 Non-Bird
MonroeGreg Monroe C - $2,019,706 Non-Bird
RiversAustin 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 $163,964,488
Current Luxury Tax Space $1,329,512


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 $163,732,338
Dead Money $232,150
Cap Holds $33,968,952
Total Cap Allocations $197,933,440
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-61,912,440
Salary Hard-Cap
2023 NBA First Apron ("Hard-Cap") $172,346,000
Total First Apron Salaries $165,564,488
First Apron Space $6,781,512
Second Apron
2023 NBA Second Apron $182,794,000
Second Apron Space $17,229,512
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-61,680,290 — $-27,711,338

$-61,680,290
Projected Practical Cap Space:

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.

$-27,711,338
Maximum Possible Cap Space:

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 Jaden McDaniels 2024-25 Qualifying Offer $5,813,085
6/29/2024 Daishen Nix 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Luka Garza 2024-25 Qualifying Offer $1,867,722
6/29/2024 Anthony Edwards 2024-25 Qualifying Offer — voided via extension $17,595,263
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
2024
MIN
2025
UTA
2026
MIN    UTA
UTH right to swap with MIN
2027
UTA
2028
MIN
2029
MIN
Top-5 Protected
UTA
6-30
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
2024
MIN
Less favorable of MEM and WAS then other to DET ((via OKC to WAS) via LAL to MIN)
DEN
Less favorable of CHA and MIN then other to POR (via MIN to OKC to DEN to POR; via OKC to DEN)
2025
ATL
via HOU
MIN
2026
MIN
Least favorable of IND, MIA and SAS to MIN
NYK
Less favorable of MIN and NYK to NYK then other to DET
2027
HOU
2028
SAS
2029
MIN    UTA
MIN pick if MIN conveys 1st to UTA in 2029; UTA pick if MIN does not convey 1st to UTA in 2029