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.

2023 NBA Offseason Financial Previews: Cleveland Cavaliers
Breaking down the upcoming offseason for each 2023-24 NBA team, including cap space figures, free agents, draft pick scenarios, & thoughts on potential trades, exceptions, & plenty more. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (11) 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 20.39 30.60 $131,482,760
($131,482,760)
Acquired via Trade
Towns Karl-Anthony Towns C $36,016,200 $36,016,200 - - - $36,016,200 17.91 26.88 $260,240,200
($260,240,200)
Rk Extension / Bird
Conley Mike Conley PG $24,360,000 $24,360,000 - $1,500,000 - $24,360,000 12.11 18.18 $24,360,000
($14,320,000)
Acquired via Trade
G'teed: $14,320,000
Edwards Anthony Edwards SG $13,534,817 $13,534,817 - - - $13,534,817 6.73 10.10 $13,534,817
($0)
Drafted / Rookie Scale
G'teed: $0
Anderson Kyle Anderson PF $9,219,512 $9,219,512 - - - $9,219,512 4.58 6.88 $9,219,512
($9,219,512)
Free Agent / NT-MLE
Prince Taurean Prince PF $7,455,000 $7,455,000 - $975,000 - $7,455,000 3.71 5.56 $7,455,000
($0)
Vet Extension / Bird
G'teed: $0
McDaniels Jaden McDaniels PF $3,901,399 $3,901,399 - - - $3,901,399 1.94 2.91 $3,901,399
($3,901,399)
Drafted / Rookie Scale
Moore Jr. Wendell Moore Jr. SG $2,421,720 $2,421,720 - - - $2,421,720 1.20 1.81 $9,533,043
($2,421,720)
Drafted / Rookie Scale
McLaughlin Jordan McLaughlin PG $2,320,000 $2,320,000 - $100,000 - $2,320,000 1.15 1.73 $2,320,000
($0)
Free Agent / Early Bird
G'teed: $0
Knight Nathan Knight PF $1,997,238 $1,997,238 - - - $1,997,238 0.99 1.49 $1,997,238
($0)
Free Agent / Minimum
G'teed: $0
Minott Josh Minott SF $1,719,864 $1,719,864 - - - $1,719,864 0.86 1.28 $5,927,014
($1,719,864)
Drafted / NT-MLE


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 (9) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
TurnerEvan Turner SF - $27,909,834 Bird
Alexander-WalkerNickeil Alexander-Walker SG $7,073,602 $15,028,899 Restricted Bird
BrooksAaron Brooks PG - $1,989,698 Non-Bird
MonroeGreg Monroe C - $1,989,698 Non-Bird
RiversAustin Rivers SG - $1,989,698 Non-Bird
NowellJaylen Nowell SG - $1,805,205 Bird
ReidNaz Reid C - $1,805,205 Bird
GarzaLuka Garza C $1,774,999 $1,774,999 Two-Way
RyanMatt Ryan SF $1,774,999 $1,774,999 Two-Way
Incomplete Roster Charge 1 spots 1 spots       $1,102,929  
Round 2, Pick #53       -  


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 ($169,000,000) 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 ($169,000,000), 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
$12,221,000 $12,221,000
Bi-Annual
$4,448,000 $4,448,000
Trade
7/06/2023
Jarred Vadnerbilt trade with UTH
$4,374,000 $4,374,000
Trade
2/09/2024
D'Angelo Russell trade with LAL
$3,688,117 $3,688,117


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 $162,000,000
Total Taxable Salaries $143,945,750
Current Luxury Tax Space $18,054,250


2023-24 Minnesota Timberwolves Salary Cap Totals

The Timberwolves are currently over the league salary cap. This means Cap Holds & Exceptions are NOT included in their Total Cap Allocations, and renouncing these figures will not afford them any cap space. The team may only sign outside players using any available exceptions or at league minimum salaries.

Cap Type Cap Total
Active Roster Cap $143,945,750
Cap Holds $57,171,164
Total Cap Allocations $201,116,914
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-67,116,914
"Super Tax" Apron
2023 NBA Super-Tax Apron $179,500,000
Super-Tax Apron Space $32,979,250
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-44,201,747 — $6,351,843

$-44,201,747
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.

$6,351,843
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
6/24/2023 Mike Conley 2024-25 Guaranteed — 48 hours after the 2023 NBA Draft $24,360,000
6/28/2023 Taurean Prince 2023-24 Guaranteed $7,455,000
6/29/2023 Nathan Knight 2023-24 Club Option — partially guaranteed $380,718
6/29/2023 Luka Garza 2023-24 Qualifying Offer — Two-Way $1,774,999
6/29/2023 Matt Ryan 2023-24 Qualifying Offer — Two-Way $1,774,999
6/30/2023 Nickeil Alexander-Walker 2023-24 Qualifying Offer $7,073,602
6/30/2023 Jordan McLaughlin 2023-24 Guaranteed $2,320,000
10/31/2023 Wendell Moore Jr. 2024-25 Club Option $2,537,040
1/10/2024 Nathan Knight 2023-24 Guaranteed $1,997,238
6/28/2024 Josh Minott 2024-25 Guaranteed $2,019,699
6/30/2024 Anthony Edwards 2024-25 Qualifying Offer $17,595,263
6/30/2024 Jaden McDaniels 2024-25 Qualifying Offer $5,813,085
10/31/2024 Wendell Moore Jr. 2025-26 Club Option $4,574,283
6/29/2025 Josh Minott 2025-26 Club Option $2,187,451
6/29/2025 Rudy Gobert 2025-26 Player Option $46,655,173
6/29/2026 Wendell Moore Jr. 2026-27 Qualifying Offer $6,751,642
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 35 C NLD
2010 Paulao Prestes 35 C BRA
2022 Matteo Spagnolo 20 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
2027
UTA
2028
MIN
2029
MIN
Top-5 Protected
UTA
6-30 (if not already settled)
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)
OKC
Less favorable of CHA and MIN then other to POR (via MIN to OKC)
2025
HOU
MIN
2026
MIN
More favorable of SAS and less favorable of IND and MIA to MIN; less favorable of BOS and more favorable of IND and MIA to BOS then other to MEM
NYK
Less favorable of MIN and NYK to NYK then other to DET
MIN
2027
HOU
2028
MIN
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