Minnesota Timberwolves Team Salary

Updated

4 weeks ago

August 28, 2021

Eric Pincus

Quick: Over the cap.

Salary Cap: $112,414,000

Luxury Tax Threshold: $136,606,000

Projection for 2022-23 (cap $119 million): TBD

Roster Count: 10 guaranteed, one non-guaranteed, two two-ways

Depth Chart
PG: D’Angelo Russell, Patrick Beverley, McKinley Wright (two-way)
SG: Malik Beasley, Jaylen Nowell
SF: Anthony Edwards, Josh Okogie
PF: Taurean Prince, Jaden McDaniels, Jake Layman, Nathan Knight (two-way)
C: Karl-Anthony Towns, Naz Reid

Note: Teams often adjust their depth chart throughout the season, sometimes game by game.

Exceptions

Trade Exception (Ricky Rubio, expiring 6/30/22) — $4,750,000
Non-Taxpayer Mid-Level Exception — $9,536,000
Bi-Annual Exception — $3,732,000

Non-Guaranteed Salaries — Next Cut-Down Date*

Naz Reid $1,782,621 — 8/18/21
Jaylen Nowell $1,782,621 — 1/7/22

* Teams and players can agree to push back cut-down dates but not past January 7 each year.

Free Agents (with Cap Holds)

Full Bird: Evan Turner*** ($27,909,834), Jarred Vanderbilt ($2,079,826)
Early Bird: Ed Davis ($6,506,955), Jordan McLaughlin (two-way, RFA)
Non-Bird: Aaron Brooks*** ($1,669,178)

*** Cannot be included in a sign-and-trade

Qualifying Offers

Jarred Vanderbilt $2,079,826 (issued)
Jordan McLaughlin $1,669,178 ($84,414 guaranteed, issued)

Rookie-Scale Extension Eligible

Josh Okogie

Rookie-Scale Options

Anthony Edwards (third-year)
Jaden McDaniels (third-year)

Waived Players: None

Traded Players: Ricky Rubio, Jarrett Culver, Juancho Hernangomez

G-League Affiliate: Iowa Wolves (general manager Gianluca Pascucci, coach Sam Newman-Beck)

Two-Way Contracts: Nathan Knight, McKinley Wright

Note: Two-Way Contracts pay $449,115 for the full 2020-21 season, pro-rated based on in-season signing date. Once a player reaches 50 games played, his salary will jump to the minimum for his years of service. TBD for 2021-22.

Governor: Glen Taylor

Basketball Executives

Gersson Rosas — president of basketball operations
Sachin Gupta — executive vice president of basketball operations
Joe Branch — assistant general manager
Gianluca Pascucci — assistant general manager
Manny Rohan — assistant general manager
Dr. Robby Sikka — vice president of basketball operations and player wellness

Coaching Staff

Head Coach: Chris Finch

Assistants: Joseph Blair, Micah Nori, Pablo Prigioni

Trainer: Javair Gillet (vice president of sports science and performance), Gregg Farnam (vice president of player health/head athletic trainer), Bill Burgos (head strength and conditioning coach)

Pick Swaps

2022 — Owed a second-rounder from the Washington Wizards (Sam Dekker, Ricky Rubio).
2022 — Owed the higher second-rounder from the Philadelphia 76ers or the Denver Nuggets (Wilson Chandler, Jimmy Butler).
2024 — Owe a second-rounder to the Oklahoma City Thunder (Ricky Rubio).
2026 — Owe a second-rounder to the New York Knicks (Ed Davis).

Cash Paid ($5,785,000 max): $0

Cash Received ($5,785,000 max): $0

Deadlines

10/1/21 — No-aggregation restriction lifts on Patrick Beverley.
10/18/21 — Extension deadline on Josh Okogie.
10/19/21 — First day of the 2021-22 regular season.
10/31/21 — Team options on Jaden McDaniels and Anthony Edwards.
1/10/22 — Jaylen Nowell’s $1,782621 guarantees for 2021-22.
4/10/22 — Final day of the 2021-22 regular season.
6/23/22 — NBA Draft.
6/29/22 — Team options on Naz Reid and Jaylen Nowell.
6/29/22 — Qualifying offer deadline on Josh Okogie.
6/30/22 — Ricky Rubio trade exception expires.
7/20/22 — Naz Reid’s $1,930,681 guarantees for 2022-23.
10/31/22 — Team options on Anthony Edwards and Jaden McDaniels.
1/10/23 — Jaylen Nowell’s $1,930,681 guarantees for 2022-23.
6/29/23 — Team option on Malik Beasley.
Before the first day of the 2023-24 season — Extension deadlines on Anthony Edwards and Jaden McDaniels.
6/29/24 — Qualifying offer deadlines on Anthony Edwards and Jaden McDaniels.

Teams and players can renegotiate guarantee dates but no later than January 7 each year.

Transactions

6/22/21 — Received the No. 7 pick in the NBA Draft Lottery (will convey to the Golden State Warriors, D’Angelo Russell).
7/31/21 — Issued qualifying offers to Jordan McLaughlin and Jarred Vanderbilt.
8/2/21 — Traded Ricky Rubio (generating a $4,750,000 trade exception) to the Minnesota Timberwolves for Taurean Prince, a Washington Wizards 2022 second-rounder and $2.5 million.
8/4/21 — Signed Nathan Knight to a two-way contract ($50,000 guaranteed).
8/5/21 — Signed McKinley Wright to a two-way contract ($50,000 guaranteed).
8/18/21 — Naz Reid’s $1,782,621 guaranteed for 2021-22.
8/25/21 — Traded Jarrett Culver and Juancho Hernangomez to the Minnesota Timberwolves for Patrick Beverley.

No-Trade: None

Trade Kickers