Salary Cap Snapshot: Minnesota Timberwolves

With the free agent signing period winding down and teams looking ahead to the preseason, we at Hoops Rumors will be tracking the Salary Cap figures for each team around the league.  These posts will be maintained throughout the season once financial data is reported. They will be located on the sidebar throughout the year, once all the teams’ cap figures have been relayed. You can always check RosterResource.com for up-to-date rosters for each franchise, with the Wolves’ team page accessible here.

Here’s a breakdown of where the Wolves currently stand financially:

Guaranteed Salary

• Ricky Rubio —$13,575,000 [Year-end cap hit adjusted due to bonuses]
• Nikola Pekovic —$12,100,000
• Kevin Garnett —$8,000,000 [Waived by team]
• Cole Aldrich —$7,643,979
• Andrew Wiggins —$6,006,600
• Karl-Anthony Towns —$5,960,160
• Jordan Hill —$4,000,000
• Kris Dunn —$3,872,520
• Nemanja Bjelica —$3,800,000
• Brandon Rush —$3,500,000
• Shabazz Muhammad —$3,046,299
• Gorgui Dieng —$2,348,783
• Zach LaVine —$2,240,880
• Adreian Payne —$2,022,240
• Kevin Martin —$1,360,305 [Waived via Stretch Provision]
• Tyus Jones —$1,339,680
• John Lucas III —$635,753 [Waived by team]
• Omri Casspi —$138,414
• Lance Stephenson —$57,672 [10-day contract (Feb 8); actual salary — $72,193]
• Lance Stephenson —$57,672 [10-day contract (Mar 8); actual salary — $72,193]

Total Guaranteed Salary= $81,705,957

Cash Sent Out Via Trade:  $0 [Amount Remaining $3.5MM]

Cash Received Via Trade: $0  [Amount Remaining $3.5MM]

Payroll Exceptions Available

• Room Exception — $2,898,000
  

Total Projected Payroll: $81,705,957

Salary Cap: $94,143,000

Estimated Available Cap Space: $12,437,043

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $31,581,043

Salary Cap Floor: $84,729,000

Amount Below Salary Cap Floor: $3,023,043

Last Updated: 4/15/17

The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.