Minnesota Timberwolves

Minnesota Timberwolves 2022-23 Salary Cap

Timberwolves 2022-23 Salary Cap

An updated look at the Minnesota Timberwolves 2022 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Timberwolves – The Athletic

2022 NBA Offseason Financial Previews
Keith Smith breaks down the upcoming offseason for each 2022-23 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 % Cash Remaining
(Guaranteed)
Notes
Towns Karl-Anthony Towns C $33,833,400 $33,833,400 - - - $33,833,400 16.97 $69,849,600
($69,849,600)
Rk Extension / Bird
Russell D'Angelo Russell PG $31,377,750 $31,377,750 - - - $31,377,750 15.74 $31,377,750
($31,377,750)
Acquired via Trade
Beasley Malik Beasley SG $15,558,035 $15,458,035 - - - $15,558,035 7.80 $31,982,141
($15,458,035)
Free Agent / Bird
Beverley Patrick Beverley PG $13,000,000 $13,000,000 - - - $13,000,000 6.52 $13,000,000
($13,000,000)
Vet Extension / Bird
Edwards Anthony Edwards SG $10,733,400 $10,733,400 - - - $10,733,400 5.38 $24,268,217
($10,733,400)
Drafted / Rookie Scale
Vanderbilt Jarred Vanderbilt PF $4,374,000 $4,320,000 $54,000 $135,000 - $4,374,000 2.19 $8,960,000
($4,620,000)
Free Agent / Bird
Bolmaro Leandro Bolmaro SG $2,471,160 $2,471,160 - - - $2,471,160 1.24 $9,452,075
($2,471,160)
Drafted / Rookie Scale
McDaniels Jaden McDaniels PF $2,161,440 $2,161,440 - - - $2,161,440 1.08 $6,062,839
($2,161,440)
Drafted / Rookie Scale
McLaughlin Jordan McLaughlin PG $2,160,000 $2,160,000 - $100,000 - $2,160,000 1.08 $4,480,000
($2,160,000)
Free Agent / Early Bird
Nowell Jaylen Nowell SG $1,930,681 $1,930,681 - - - $1,930,681 0.97 $1,930,681
($0)
Drafted / NT-MLE
G'teed: $0
Reid Naz Reid C $1,930,681 $1,930,681 - - - $1,930,681 0.97 - / NT-MLE
G'teed: $0


2022-23 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 (10) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
TurnerEvan Turner SF - $27,909,834 Bird
PrinceTaurean Prince PF - $19,500,000 Bird
OkogieJosh Okogie SF $5,857,966 $12,263,712 Restricted Bird
LaymanJake Layman SF - $7,486,350 Bird
KesslerWalker Kessler C $2,660,040 $2,660,040
Moore Jr.Wendall Moore Jr. SF $2,275,680 $2,275,680
BrooksAaron Brooks PG - $1,811,516 Non-Bird
MonroeGreg Monroe C - $1,811,516 Non-Bird
KnightNathan Knight PF $1,576,305 $1,576,305 Two-Way
Wright IVMcKinley Wright IV PG $1,576,305 $1,576,305 Two-Way
Incomplete Roster Charge 1 spots 1 spots       $953,012  


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 ($155,196,200) 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 ($155,196,200), 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 Amount (Remaining) Reason/Notes Expire Date
Non-Taxpayer Mid-Level Exception $10,264,000
($10,264,000)
Bi-Annual Exception $4,017,000
($4,017,000)
Trade Exception $4,750,000
($4,750,000)
Ricky Rubio trade with MIN 06/30/2022


2022-23 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
2022 NBA Luxury Tax Threshold $149,000,000
Total Taxable Salaries $119,530,547
Current Luxury Tax Space $29,469,453


2022-23 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 $119,530,547
Cap Holds $79,824,270
Total Cap Allocations $199,354,817
Salary Cap Maximum
2022 NBA Salary Cap Max $122,000,000
Current Cap Space $-77,354,817
Salary Cap Floor
2022 NBA Salary Cap Floor $109,800,000
Current Floor Space $-9,730,547
 

2022-23 Practical Cap Space

Available Practical Cap Space: $-65,793,207 — $3,471,779

$-65,793,207
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.

$3,471,779
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
2022-23
10/31/2022 Leandro Bolmaro 2023-24 Club Option $2,588,400
10/31/2022 Anthony Edwards 2023-24 Club Option $13,534,817
10/31/2022 Jaden McDaniels 2023-24 Club Option $3,901,399
01/10/2023 Naz Reid Guaranteed $1,930,681
01/10/2023 Jaylen Nowell Guaranteed $1,930,681
06/29/2023 Malik Beasley 2023-24 Club Option $16,524,106
06/30/2023 Jordan McLaughlin 2023-24 Guaranteed $2,320,000
06/30/2023 Jarred Vanderbilt 2023-24 Guaranteed $4,640,000
2023-24
10/31/2023 Leandro Bolmaro 2024-25 Club Option $4,392,515
06/30/2024 Anthony Edwards 2024-25 Qualifying Offer $17,595,263
06/30/2024 Jaden McDaniels 2024-25 Qualifying Offer $5,813,085
2024-25
06/30/2025 Leandro Bolmaro 2025-26 Qualifying Offer $6,391,109