Salary Cap Breakdown – Minnesota Timberwolves

Salary Cap Breakdown – Minnesota Timberwolves

As one of the most expensive teams in the NBA, the Minnesota Timberwolves had to carefully manage their salary cap heading into next season. Specifically, Julius Randall and Nas Reed were both up for new contracts. So, first, they brought back Nas Reed on a 5-year, $125 million deal with a player option on the fifth year. All things considered, 14% of the cap for the 2024 six man of the year is a reasonable deal. Then they brought back Julius Randall for 3 years, 100 million, and he also has a player option on the last year of his deal. It’s a lot of money for Julius Randall, but it’s a smaller proportion of the cap than he was making last year. Then they made a couple of other minor moves throughout the rest of the off season. They declined the team options for Luca Garza and Josh Minot. Coincidentally, they’ve both been picked up in free agency by the Boston Celtics. They also brought back Joe Engles at the veterans minimum. And then at the draft, they selected Yoan Baring with the 17th pick. They also picked up Roco Zakarsski with the 45th pick, but he’s on a two-way contract. So, as of right now, heading into next season, the Minnesota Timberwolves remain deep in the luxury tax over the first apron, but crucially just under the second apron. They still have a few roster spots available though, so we’ll see if they make any other moves before the season begins.

One of the most expensive teams in the NBA – here’s what the Minnesota Timberwolves salary cap looks like heading into next season
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