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Minnesota Timberwolves Team Salary

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Updated 9 months ago on
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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

  • Karl-Anthony Towns — 5 percent

Note: Players can waive their trade bonuses.

Poison Pill

  • None

Expired 10-Day Contracts: None

Options

  • None

Unsigned Draft Picks:

  • First-rounders: Leandro Bolmaro (2020-23rd)
  • Second-rounders: Paulao Prestes (2010-45th), Henk Norel (2009-47th)

Arena: Target Center

Cap Holds

Salary and team data change quite often. If you notice a discrepancy, please notify Basketball Insiders Senior Writer Eric Pincus.

(Updated on 8/28/21)

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Eric Pincus is a Senior Writer for Basketball Insiders, with a focus on the business side of the game.