Minnesota Timberwolves

Minnesota Timberwolves 2024-25 Salary Cap

Timberwolves 2024-25 Salary Cap

An updated look at the Minnesota Timberwolves 2024 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Player Option
Club Option
Non-Guaranteed
Estimate
Player (10) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Towns Karl-Anthony Towns C $49,350,000 $49,350,000 - - - $49,350,000 18.55 35.00 $221,088,000
($221,088,000)
Vet Extension / Bird
Gobert Rudy Gobert C $43,827,587 $43,827,587 - - - $43,827,587 16.48 31.08 $90,482,760
($90,482,760)
Acquired via Trade
Edwards Anthony Edwards SG $35,250,000 $35,250,000 - - - $35,250,000 13.25 25.00 $204,450,000
($204,450,000)
Rk Extension / Bird
McDaniels Jaden McDaniels PF $22,586,207 $22,586,207 - $862,070 - $22,586,207 8.49 16.02 $131,000,000
($131,000,000)
Rk Extension / Bird
Reid Naz Reid C $13,986,432 $13,986,432 - - - $13,986,432 5.26 9.92 $29,008,896
($29,008,896)
Vet Extension / Bird
Conley Mike Conley PG $9,975,962 $9,975,962 - - - $9,975,962 3.75 7.08 $20,750,000
($20,750,000)
Vet Extension / Bird
Alexander-Walker Nickeil Alexander-Walker SG $4,312,500 $4,312,500 - - - $4,312,500 1.62 3.06 $4,312,500
($4,312,500)
Free Agent / Bird
Moore Jr. Wendell Moore Jr. SG $2,537,040 $2,537,040 - - - $2,537,040 0.95 1.80 $7,111,323
($2,537,040)
Drafted / Rookie Scale
Minott Josh Minott SF $2,019,699 $2,019,699 - - - $2,019,699 0.76 1.43 $4,207,150
($0)
Drafted / NT-MLE
G'teed: $0
Miller Leonard Miller SF $1,891,857 $1,891,857 - - - $1,891,857 0.71 1.34 $6,519,739
($3,002,696)
Drafted / 2nd Round


2024-25 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 (1) Pos.
ClarkJaylen Clark SG          


2024-25 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
MorrisMonte Morris PG - $18,621,759 Bird
AndersonKyle Anderson PF - $11,985,366 Early Bird
McLaughlinJordan McLaughlin PG - $4,408,000 Bird
GarzaLuka Garza C $2,293,637 $2,293,637 Restricted Early Bird
BrooksAaron Brooks PG - $2,093,637 Non-Bird
MonroeGreg Monroe C - $2,093,637 Non-Bird
RiversAustin Rivers SG - $2,093,637 Non-Bird
WarrenT.J. Warren SF - $2,093,637 Non-Bird
NixDaishen Nix PG $1,867,722 $1,867,722 Two-Way
Incomplete Roster Charge 2 spots 2 spots       $2,321,088  
Round 1, Pick #27       $2,463,960  
Round 2, Pick #37       -  


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 Reason (Used On) Original Available
Trade
2/10/2025
Troy Brown Jr. trade with DET
$4,000,000 $4,000,000


2024-25 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
2024 NBA Luxury Tax Threshold $171,315,000
Total Taxable Salaries $185,737,284
Current Luxury Tax Space $-14,422,284
Est. Luxury Tax Bill $27,305,713


2024-25 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 $185,737,284
Cap Holds $80,245,914
Total Cap Allocations $265,983,198
Salary Cap Maximum
2024 NBA Salary Cap Max $141,000,000
Current Cap Space $-124,983,198
Second Apron
2024 NBA Second Apron $189,486,000
Second Apron Space $2,886,646
 

2024-25 Practical Cap Space

Available Practical Cap Space: $-118,274,836 — $-48,663,177

$-118,274,836
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.

$-48,663,177
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 Luka Garza 2024-25 Qualifying Offer $2,293,637
6/29/2024 Daishen Nix 2024-25 Qualifying Offer — Two-Way $1,867,722
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
2025
UTA
2026
MIN    UTA
less favorable of MIN and UTA 1-8
2027
UTA
2028
MIN
2029
MIN
Top-5 Protected
UTA
6-30
2030
MIN
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
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
OKC
via 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
2030
DET