Minnesota Timberwolves

Minnesota Timberwolves 2021-22 Salary Cap

Timberwolves 2021-22 Salary Cap

An updated look at the Minnesota Timberwolves 2021 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Timberwolves – The Athletic

The 2021 NBA Offseason Financial Report
As the regular season nears, we take a look back at the offseason that was, diving into top spenders, tax statuses, notable free agent signings, trades, and extensions for each 2021-22 NBA team. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (14) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Towns Karl-Anthony Towns C $31,650,600 $31,650,600 - - - $31,650,600 19.14 $101,500,200
($101,500,200)
Rk Extension / Bird
Russell D'Angelo Russell SG $30,013,500 $30,013,500 - - - $30,013,500 18.15 $61,391,250
($61,391,250)
Acquired via Trade
Beasley Malik Beasley SG $14,491,964 $14,391,964 - - - $14,491,964 8.76 $46,374,105
($29,849,999)
Free Agent / Bird
Beverley Patrick Beverley PG $14,320,989 $14,320,989 - - - $14,320,989 8.66 $14,320,989
($14,320,989)
Acquired via Trade
Prince Taurean Prince PF $13,000,000 $13,000,000 - $1,837,500 - $13,000,000 7.86 $13,000,000
($13,000,000)
Acquired via Trade
Edwards Anthony Edwards SG $10,245,480 $10,245,480 - - - $10,245,480 6.20 $34,513,697
($10,245,480)
Drafted / Rookie Scale
Okogie Josh Okogie SF $4,087,904 $4,087,904 - - - $4,087,904 2.47 $4,087,904
($4,087,904)
Drafted / Rookie Scale
Vanderbilt Jarred Vanderbilt PF $4,050,000 $4,000,000 $50,000 $125,000 - $4,050,000 2.45 $13,010,000
($8,620,000)
Free Agent / Bird
Layman Jake Layman SF $3,940,184 $3,940,184 - - - $3,940,184 2.38 $3,940,184
($3,940,184)
Acquired via Trade
Bolmaro Leandro Bolmaro SG $2,353,320 $2,353,320 - - - $2,353,320 1.42 $11,805,395
($2,353,320)
Drafted / Rookie Scale
McDaniels Jaden McDaniels PF $2,063,280 $2,063,280 - - - $2,063,280 1.25 $8,126,119
($2,063,280)
Drafted / Rookie Scale
McLaughlin Jordan McLaughlin PG $2,000,000 $2,000,000 - $100,000 - $2,000,000 1.21 $6,480,000
($4,160,000)
Free Agent / Early Bird
Nowell Jaylen Nowell SG $1,782,621 $1,782,621 - - - $1,782,621 1.08 $3,713,302
($0)
Drafted / NT-MLE
G'teed: $0
Reid Naz Reid C $1,782,621 $1,782,621 - - - $1,782,621 1.08 $3,713,302
($1,782,621)
/ NT-MLE


2021-22 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 Allocations.

Player (2) Pos.
KnightNathan Knight PF          
Wright IVMcKinley Wright IV PG          


2021-22 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 (2) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
TurnerEvan Turner SF - $27,909,834 Bird
BrooksAaron Brooks PG - $1,669,178 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 ($143,002,000) 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 ($143,002,000), 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 Amount (Remaining) Reason/Notes Expire Date
Non-Taxpayer Mid-Level Exception $9,536,000
($9,536,000)
Bi-Annual Exception $3,732,000
($3,732,000)
Trade Exception $4,750,000
($4,750,000)
Ricky Rubio trade with MIN 06/30/2022


2021-22 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
2021 NBA Luxury Tax Threshold $136,606,000
Total Taxable Salaries $135,733,080
Current Luxury Tax Space $872,920


2021-22 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 $135,782,463
Cap Holds $29,579,012
Total Cap Allocations $165,361,475
Salary Cap Maximum
2021 NBA Salary Cap Max $112,414,000
Current Cap Space $-52,947,475
 

2021-22 Practical Cap Space

Available Practical Cap Space: $-52,947,475 — $-21,585,842

$-52,947,475
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.

$-21,585,842
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 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