Minnesota Timberwolves 2024-25 Financial Summary

A current summary of Minnesota Timberwolves 2024-25 player cap & cash figures.

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Total Cap

$241,826,711 / 1st

Cap Space

$-101,238,711 / 30th

Tax Space

$-34,746,683

Cash Total

$207,302,536 / 2nd

2024-25 Active Roster

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
Player (17) Pos Age Type Cap Hit Cap Hit Pct League Cap Apron Salary Luxury Tax Cash Total Cash Guaranteed Free Agent Year
Towns
1
Karl-Anthony Towns 		C 29 DVET-EXT $49,205,800 35.00% $49,205,800 $49,205,800 $49,205,800 $49,205,800 2028
Gobert
2
Rudy Gobert 		C 32 Maximum-extension $43,827,587 31.17% $43,827,587 $43,827,587 $43,827,587 $43,827,587 2026
Edwards
3
Anthony Edwards 		SG 23 DRK-EXT $42,176,400 30.00% $42,176,400 $42,176,400 $42,176,400 $42,176,400 2029
McDaniels
4
Jaden McDaniels 		PF 24 RK-EXT $23,017,242 16.37% $23,448,277 $23,017,242 $23,017,242 $22,586,207 2029
Reid
5
Naz Reid 		C 25 VET-EXT $13,986,432 9.95% $13,986,432 $13,986,432 $13,986,432 $13,986,432 2026
Conley
6
Mike Conley 		PG 37 VET-EXT $9,975,962 7.10% $9,975,962 $9,975,962 $9,975,962 $9,975,962 2026
Dillingham
7
Rob Dillingham 		PG 20 RK $6,262,920 4.45% $6,262,920 $6,262,920 $6,262,920 $6,262,920 2028
Alexander-Walker
8
Nickeil Alexander-Walker 		SG 26 FA $4,312,500 3.07% $4,312,500 $4,312,500 $4,312,500 $4,312,500 2025
Shannon
9
Terrence Shannon 		SG 24 RK $2,546,640 1.81% $2,546,640 $2,546,640 $2,546,640 $2,546,640 2028
Garza
10
Luka Garza 		C 26 FA $2,162,606 1.54% $2,162,606 $2,162,606 $2,162,606 $2,162,606 2026
Ingles
11
Joe Ingles 		SF 37 FA $2,087,519 1.48% $2,087,519 $2,087,519 $3,303,771 $3,303,771 2025
Dozier
12
P.J. Dozier 		PG 28 FA $2,087,519 1.48% $2,087,519 $2,087,519 $2,613,120 $2,613,120 2025
Minott
13
Josh Minott 		SF 22 RK $2,019,699 1.44% $2,019,699 $2,019,699 $2,019,699 $2,019,699 2026
Miller
14
Leonard Miller 		SF 21 RK $1,891,857 1.35% $1,891,857 $1,891,857 $1,891,857 $1,891,857 2027
Nix
15
Daishen Nix 		PG 22 TW - - - - - - 2025
Clark
16
Jaylen Clark 		SG 23 TW - - - - - - 2025
Edwards
17
Jesse Edwards 		C 24 TW - - - - - - 2025

2024-25 Cap Hold

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.

Player (5) Pos Age Type Cap Hit Cap Hit Pct League Cap          
Turner
1
Evan Turner 		SF 36 $27,909,834 19.85% Bird
Monroe
2
Greg Monroe 		C 34 ROS $2,093,637 1.49% Non-Bird
Brooks
3
Aaron Brooks 		PG 40 $2,087,519 1.48% Non-Bird
Rivers
4
Austin Rivers 		SG 32 FA $2,087,519 1.48% Non-Bird
Warren
5
T.J. Warren 		SF 31 ROS $2,087,519 1.48% Non-Bird

2024 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.

Type Reason Used On Expires Original Available
Trade
Troy Brown Jr. trade with DET
 2/10/2025 $4,000,000 $4,000,000
Trade
Kyle Anderson trade with GSW
 7/6/2025 $8,780,488 $8,780,488
Trade
Wendell Moore Jr trade with DET
 7/6/2025 $2,537,040 $2,537,040

2024 Cap Totals

Cap Maximum Summary
Cap Maximum $140,588,000
Active Roster $205,560,683 2nd
Cap Hold $36,266,028 3rd
Total Allocations $241,826,711 1st
Space $-101,238,711 30th
Practical Cap Space Summary
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.
 $-99,151,192 -
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.
 $-64,972,683 -
1st Apron Summary
1st Apron Maximum $178,132,000
Total Allocations $205,991,718 -
Space $-27,859,718 -
2nd Apron Summary
2nd Apron Maximum $188,931,000
Total Allocations $205,991,718 -
Space $-17,060,718 -

2024 Tax Totals

Tax Summary
Tax Threshold $170,814,000
Total Allocations $205,560,683 2nd
Space $-34,746,683 29th
Ext. Luxury Tax Bill $105,616,145 -

2024 Deadlines

Deadline Date Player Type Value
6/29/2025 Luka Garza
CLUB
2025-26 Club Option 		$2,349,578
6/29/2025 Daishen Nix
RFA / QO
2025-26 Qualifying Offer 		$2,048,494
6/29/2025 Jesse Edwards
RFA / QO
2025-26 Qualifying Offer 		$2,048,494
6/29/2025 Rudy Gobert
PLAYER
2025-26 Player Option 		$46,655,173
6/29/2025 Jaylen Clark
RFA / QO
2025-26 Qualifying Offer — Two-Way 		$2,180,149
6/29/2025 Josh Minott
CLUB
2025-26 Club Option 		$2,187,451
6/30/2025 Leonard Miller
GUARANTEED
2025-26 Guaranteed 		$2,221,677
6/30/2025 Naz Reid
PLAYER
2025-26 Player Option 		$15,022,464
10/31/2025 Rob Dillingham
CLUB
2026-27 Club Option 		$6,889,320
10/31/2025 Terrence Shannon
CLUB
2026-27 Club Option 		$2,801,640
6/29/2026 Leonard Miller
CLUB
2026-27 Club Option — non-guaranteed
6/30/2026 Leonard Miller
GUARANTEED
2026-27 Guaranteed 		$2,406,205
10/31/2026 Rob Dillingham
CLUB
2027-28 Club Option 		$8,763,216
10/31/2026 Terrence Shannon
CLUB
2027-28 Club Option 		$5,054,159
6/29/2027 Karl-Anthony Towns
PLAYER
2027-28 Player Option 		$62,062,000
6/29/2028 Rob Dillingham
RFA / QO
2028-29 Qualifying Offer 		$12,689,137
6/29/2028 Terrence Shannon
RFA / QO
2028-29 Qualifying Offer 		$8,000,734

2024 Unsigned Draft Picks

Draft Year Player Pos Age Country College
2022 Matteo Spagnolo PG 21 Italy
2010 Paulao Prestes C 36 Brazil
2009 Henk Norel C 36 Netherlands

Future Draft Picks

2025
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
UTA

2026
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
MIN    UTA
less favorable of MIN and UTA 1-8

2027
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
UTA

2028
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
MIN

2029
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
MIN
If 1-5
UTA
If 6-30

2030
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
MIN    SAS
Or 2-30 swap with SAS (via SAS swap for MIN)
SAS    DAL    MIN
or DAL (via SAS swap for DAL) OR MIN 2-30 (via SAS swap for MIN)

2031
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
SAS

2025
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
DAL    MIN
DAL gets the most favorable of DEN and PHI; MIN gets the least favorable of DEN and PHI
ATL
(via HOU)
MIN

2026
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
MIN
Least favorable of IND, MIA and SAS to MIN
NYK
Less favorable of MIN and NYK to NYK then other to DET

2027
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
POR
(via HOU to OKC to NYK)

2028
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
SAS

2029
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
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
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
DET

2031
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
GSW    MIN
Or swap with MIN (via MIN swap for GSW)
MIN    GSW
Or swap with GSW

TRANSACTIONS

Jul 16, 2024
P.J. Dozier, PG

Signed a 1 year $2.6 million contract with Minnesota (MIN)

Jul 10, 2024
Daishen Nix, PG

Signed a Two-Way contract with Minnesota (MIN)

Jul 09, 2024
Jesse Edwards, C

Signed a Two-Way contract with Minnesota (MIN)

Jul 08, 2024
Terrence Shannon, SG

Signed a 4 year $13.08 million rookie scale contract extension with Minnesota (MIN)

Jul 08, 2024
Rob Dillingham, PG

Signed a 4 year $28.49 million rookie scale contract with Minnesota (MIN)

View More Transactions

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TRANSACTIONS

Jul 16, 2024
P.J. Dozier, PG

Signed a 1 year $2.6 million contract with Minnesota (MIN)

Jul 10, 2024
Daishen Nix, PG

Signed a Two-Way contract with Minnesota (MIN)

Jul 09, 2024
Jesse Edwards, C

Signed a Two-Way contract with Minnesota (MIN)

Jul 08, 2024
Terrence Shannon, SG

Signed a 4 year $13.08 million rookie scale contract extension with Minnesota (MIN)

Jul 08, 2024
Rob Dillingham, PG

Signed a 4 year $28.49 million rookie scale contract with Minnesota (MIN)

View More Transactions

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