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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

Player Option
Club Option
Non-Guaranteed
Estimate
Player (9) Age Pos. Cap Figure Signed Using Base Salary
(Likely Incentives)
Dead Cap Cap Figure Cap % Future Gteed Cash
TownsKarl-Anthony Towns 26 C $33,833,400 Bird
Rookie Max Ext (25%)
$33,833,400 ($33,833,400) $33,833,400 17.47 $36,016,200
RussellD'Angelo Russell 26 SG $31,377,750 Sign-and-Trade
Max (25%)
$31,377,750 ($31,377,750) $31,377,750 16.21 -
BeasleyMalik Beasley 25 SG $15,558,035 Bird $15,458,035 ($15,458,035) $15,558,035 8.04 -
EdwardsAnthony Edwards 21 SG $10,733,400 Rookie $10,733,400 - $10,733,400 5.54 -
CulverJarrett Culver 23 SG $8,109,063 Rookie $8,109,063 - $8,109,063 4.19 -
HernangomezJuan Hernangomez 27 PF $7,531,880 Bird $6,632,880
$899,000
- $7,531,880 3.89 -
McDanielsJaden McDaniels 22 PF $2,161,440 Rookie $2,161,440 - $2,161,440 1.12 -
NowellJaylen Nowell 23 SG $1,930,681 NT-MLE $1,930,681 - $1,930,681 1.00 -
ReidNaz Reid 23 C $1,930,681 NT-MLE $1,930,681 - $1,930,681 1.00 -


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 (6) Age Pos. Signed Using Base Salary Trade Kicker Likely Incent. Dead Cap Qualifying Offer Cap Figure Cap %
TurnerEvan Turner 33 SF Bird   - $27,909,834  
RubioRicky Rubio 31 PG Bird   - $26,700,000  
OkogieJosh Okogie 24 SF Restricted Bird   $5,857,966 $12,263,712  
LaymanJake Layman 28 SF Bird   - $7,486,350  
BolmaroLeandro Bolmaro 22 SG 1st Round Rookie Scale   - $2,471,160  
BrooksAaron Brooks 37 PG Non-Bird   - $1,719,247  
Incomplete Roster Charge 2 spots 2 spots           $1,906,024    


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.

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
Trade Exception $4,750,000
($4,750,000)
Ricky Rubio trade with MIN 07/29/2022


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 $140,704,000
Total Taxable Salaries $119,024,296
Current Luxury Tax Space $21,679,704


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 $113,166,330
Cap Holds $80,456,327
Total Cap Allocations $193,622,657
Salary Cap Maximum
2022 NBA Salary Cap Max $115,787,000
Current Cap Space $-77,835,657
Salary Cap Floor
2022 NBA Salary Cap Floor $104,208,000
Current Floor Space $-11,429,490
 

2022-23 Practical Cap Space

Available Practical Cap Space: $23,969,547 — $23,969,547

$23,969,547
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.

$23,969,547
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 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 Jarrett Culver 2023-24 Qualifying Offer $10,817,490
06/29/2023 Malik Beasley 2023-24 Club Option $16,524,106
2023-24
06/29/2024 Anthony Edwards 2024-25 Qualifying Offer $17,595,263
06/29/2024 Jaden McDaniels 2024-25 Qualifying Offer $5,813,085