Timberwolves Rumors

Options Declined For Blazers’ Knox, Thunder’s Waters, Wolves’ Knight

Trail Blazers forward Kevin Knox, Thunder wing Lindy Waters, and Timberwolves big man Nathan Knight have all had their team options for the 2023/24 season declined by their respective clubs, Hoops Rumors has confirmed. Keith Smith of Spotrac (Twitter link) reported the three option decisions.

The deadline to exercise a player or team option for ’23/24 was Thursday at 4:00 pm Central time, so the fact that there had been no word on these three options was a strong indication that they weren’t picked up. They were the last three we were waiting for confirmation on — the rest of this year’s team and player option decision had been made.

Knox’s team option with the Trail Blazers would have been worth $3MM. The former No. 9 overall pick finished the 2022/23 season in Portland after being traded from Detroit at February’s deadline. In 63 total appearances for the Pistons and Blazers, he averaged 6.6 points and 2.8 rebounds in 15.1 minutes per night.

Knox will become an unrestricted free agent after having his option turned down. Waters and Knight, who would’ve earned $1.93MM apiece if their options had been exercised, were eligible for qualifying offers to make them restricted free agents, but there’s no indication that either player received one. We’ll be able to confirm that on Friday before free agency officially opens.

Waters averaged 5.2 PPG on .393/.358/.800 shooting in 41 games (13.0 MPG) for the Thunder, while Knight registered 3.7 PPG and 1.5 RPG in 38 contests (7.7 MPG) for Minnesota.

Scotto’s Latest: DiVincenzo, VanVleet, Poeltl, Lakers, Niang, Gallinari, More

Donte DiVincenzo is expected to be a popular target on the free agent market, according to Michael Scotto of HoopsHype, who identifies the Knicks, Timberwolves, Pistons, Pelicans, Rockets, Magic, and Bulls as teams that have interest in the veteran swingman. After settling for a $4.5MM salary in his last foray into free agency a year ago, DiVincenzo could get offers in the neighborhood of the full non-taxpayer mid-level exception ($12.4MM) this time around, says Scotto.

Here are a few more highlights from Scotto’s latest round-up of news and rumors from around the NBA:

  • The Raptors are hoping to re-sign Fred VanVleet on a three-year deal in the range of $90-100MM, says Scotto. The team is also looking to bring back center Jakob Poeltl, but may face serious competition from the Rockets on both players. Although Brook Lopez has been considered Houston’s primary target at center, there’s a belief that Lopez would prefer to return to the Bucks as long as their offer is in the same ballpark as Houston’s, Scotto explains. That could prompt Houston to pivot to Poeltl, who is also expected to receive from the Spurs, as previously reported.
  • While the Lakers would like to re-sign Dennis Schröder, they’re keeping an eye on several other free agent point guards, including Shake Milton, Cory Joseph, and Jevon Carter, says Scotto. In addition to the Bucks and Lakers, Carter is expected to receive interest from the Timberwolves and Suns, among others, Scotto adds.
  • Scotto is the second reporter to link Georges Niang to the Cavaliers today, noting that Cleveland offered a pair of second-round picks for him at the trade deadline. The Sixers, Bulls, and Spurs are a few of the other clubs expected to express interest in Niang, league sources tell HoopsHype.
  • Despite a report indicating that the Wizards are likely to buy out Danilo Gallinari, the two sides haven’t had any discussions about that possibility yet, per Scotto, who writes that the veteran forward is comfortable with the idea of opening the season in D.C.
  • According to Scotto, former NBA wing Glenn Robinson III is attempting a comeback, having signed with agent Keith Kreiter and scheduled workouts with a handful of NBA teams in Las Vegas last month. A career 37.3% three-point shooter, Robinson has been out of the league for the last two seasons.
  • Vin Bhavnani and Mike Batiste are expected to join the Raptors as assistants on Darko Rajakovic‘s new coaching staff, Scotto reports. Bhavnani is a former Thunder assistant, while Batiste was on Stephen Silas‘ staff in Houston last season.

Free Agent Rumors: Brown, Mavs, Lakers, Gordon, Yurtseven, Kuzma, Barnes

Unrestricted free agent Nuggets forward Bruce Brown plans to meet with the Mavericks at the start of free agency on Friday, reports Tim MacMahon of ESPN (Twitter link).

Many teams appear primed to pursue Brown, according to MacMahon (Twitter link), who anticipates his market to be around the $12.4MM non-taxpayer mid-level exception, if not higher. The Lakers are one suitor said to be confident about their chances. MacMahon adds that Brown may be open to taking a discount to return to the champs, who only have his Non-Bird rights available, which would cap them at a $7.8MM offer for next season.

The 6’4″ vet proved invaluable as a versatile, defense-first sixth man during Denver’s 16-4 run to the title this spring. Across 20 playoff games off the bench, he averaged 12.0 PPG, 4.0 RPG, 1.9 APG, 1.1 SPG and 0.5 BPG.

Here are more of the latest free agent rumors from around the league:

  • After opting not to retain shooting guard Malik Beasley and center Mohamed Bamba, the Lakers now project to remain well below the $172MM tax apron for 2023/24, which will enable them to use the full $12.4MM non-taxpayer mid-level exception, writes Dave McMenamin of ESPN, suggesting that Brown and Brook Lopez will be among Los Angeles’ targets. According to McMenamin (via Twitter), the Lakers may also consider adding more than one player with its mid-level exception money. In that scenario, point guard Dennis Schröder and shooting guard Eric Gordon could be targets, sources tell McMemamin.
  • Gordon is looking to land with a contender that will have a defined rotation gig for his services, per Kelly Iko of The Athletic. Beyond the Lakers, sources tell The Athletic that the Grizzlies, Timberwolves, Bucks, Suns, and Trail Blazers have some interest.
  • After declining to tender a qualifying offer to center Omer Yurtseven, the Heat don’t appear to be focused on trying to re-sign him to a minimum-salary deal, according to Barry Jackson of The Miami Herald (Twitter link). “We’re grateful we got a chance to be there,” agent Keith Glass said, per Jackson. “We’ll try to find a place that values him and helps him reach his potential.”
  • Free agent power forward Kyle Kuzma appears more likely to end up with the Rockets than the Kings, but Sacramento shouldn’t be ruled out entirely as a Kuzma landing spot, per James Ham of Kings Beat. Sources inform Ham that the Kings’ own incumbent free agent starting power forward, Harrison Barnes, is hoping to earn a deal that pays him $20MM annually.

Trade Rumors: Harden, Lewis, Morris, Wright, Capela, Nowell

Although he’s said to be “very positive” about the Sixers‘ direction, James Harden‘s preference is that Philadelphia trade him, according to Mark Medina of Sportsnaut (Twitter links). For their part, the 76ers are listening to offers, but will only move forward on a trade if it’s “really good” and keeps them in title contention, Medina says, adding that the club is comfortable hanging onto Harden if such a deal doesn’t materialize.

[RELATED: James Harden picks up option, working with Sixers on trade]

The Clippers and Knicks were the first two potential trade partners reported to be eyeing Harden, but Ian Begley of SNY.tv (Twitter link) hears that New York’s interest is “far from uniform throughout the organization.”

Begley believes the Clippers’ interest is stronger than the Knicks’, and it sounds like Steve Popper of Newsday agrees — he suggests (via Twitter) that New York’s preference may be to get involved as a third team alongside L.A. in the hopes of landing Paul George. I’m skeptical the Clippers would be enthusiastic about moving PG13 as part of a deal for Harden, but George’s name has come up in a few trade rumors so far this offseason.

During a television appearance (Twitter video link via Evan Sidery), Adrian Wojnarowski of ESPN referred to the Clippers as Harden’s “most prominent” suitor, though he stressed that Los Angeles won’t want to give up any of its “good young players” in a deal for the Sixers guard and would prefer to build a package out of expiring contracts and perhaps a draft pick.

Here are a few more trade-related rumors and notes from around the NBA:

  • The Pelicans are exploring the trade market for a potential deal involving Kira Lewis, according to Jake Fischer of Yahoo Sports, who tweets that a trade could provide the former 13th overall pick with an opportunity to play more for a new team. Lewis has appeared in just 103 games for the Pelicans across three seasons, including 25 in 2022/23. An ACL tear in December 2021 limited his availability over the last two seasons, but he hasn’t been a major part of New Orleans’ rotation even when healthy. The club also reportedly made him available in trade discussions at February’s deadline.
  • With the Wizards believed to be seeking draft assets for guards Monte Morris and Delon Wright, Michael Scotto of HoopsHype spoke to rival executives who believe Washington could get at least one second-round pick – and maybe two – for each player.
  • Although Hawks star Trae Young likes playing with big man Clint Capela, the team has been open to discussing Capela in trade talks this offseason in part because it wants to open up more playing time for Onyeka Okongwu, says Scotto.
  • The Timberwolves are open to sign-and-trade scenarios involving guard Jaylen Nowell, league sources tell HoopsHype. Scotto doesn’t say anything about the Wolves working to re-sign Nowell, so it sounds like he won’t be a top priority for the team.

Nickeil Alexander-Walker To Become Unrestricted Free Agent

The Timberwolves have decided against issuing a qualifying offer to Nickeil Alexander-Walker, making the former first-round pick an unrestricted free agent, league sources tell Michael Scotto of HoopsHype (Twitter link).

However, according to Scotto, the Wolves are still hopeful Alexander-Walker is open to reunion after they acquired him in February via trade. Minnesota could have made him a restricted free agent and had the right of first refusal had the team extended the $7,073,602 QO, but instead he’ll hit the open market.

The 17th pick of the 2019 draft, Alexander-Walker spent his first two-plus seasons with the Pelicans before being moved at the 2022 trade deadline. He was technically a Trail Blazer for one day before being re-routed to Utah, where he spent a year prior to being sent to Minnesota four months ago.

In 59 games (15.0 MPG) with the Jazz and Wolves in 2022/23, Alexander-Walker averaged 5.9 PPG, 1.8 APG and 1.7 RPG on .444/.384/.667 shooting. He also chipped in 8.4 PPG, 2.0 RPG and 1.4 APG on .429/.400/.667 shooting in five playoff games (29.6 MPG).

While those numbers don’t necessarily jump off the page, he made major strides defensively last season, playing a critical role down the stretch for the Wolves as a perimeter stopper. That role increased due to late-season injuries to key rotation players like Jaden McDaniels, Naz Reid, and to a lesser extent Kyle Anderson, who sustained an eye injury in Minnesota’s first-round loss to the Nuggets.

Still just 24 years old, the Canadian guard/forward will be an interesting player to monitor when free agency kicks off tomorrow. Alexander-Walker should have plenty of suitors given his blend of skills, particularly defensively.

Wolves Notes: Prince, Free Agency, Reid, Miller, Edwards

The Timberwolves waived Taurean Prince on Wednesday to avoid guaranteeing his $7,455,000 salary for the upcoming season, but there’s a chance he could be re-signed, according to Jon Krawczynski of The Athletic.

The decision was purely financial, Krawczynski adds, with president of basketball operations Tim Connelly needing to create some flexibility ahead of looming extensions for Anthony Edwards and Jaden McDaniels. Minnesota may be interested in bringing back Prince at a lower cost, depending on what happens early in free agency, sources tell Krawczynski.

The 29-year-old power forward has been a dependable part of the Wolves’ rotation during his two seasons with the team. He averaged 9.1 points and 2.4 rebounds in 22.1 minutes per night last season, and Krawczynski notes that Minnesota was 7-13 during a 20-game stretch he missed due to an injured shoulder.

The Wolves attempted to trade Prince’s contract before the salary guarantee date, Krawczynski adds. They talked to the Wizards about veteran point guards Monte Morris and Delon Wright, but weren’t able to make any progress toward a deal, sources tell Krawczynski.

There’s more from Minnesota:

  • With Prince’s salary off the books, the Wolves are now about $15.5MM under the tax line with four open roster spots. They’ll be able to use the non-taxpayer mid-level exception when free agency begins Friday, and Krawczynski identifies a few names they might target. Among them are Eric Gordon, Bruce Brown, Dennis Schröder, Jevon Carter, Max Strus and Donte DiVincenzo, although all will have numerous suitors with similar financial resources.
  • In a separate story, Krawczynski discusses the implications of Naz Reid‘s new contract with Danny Leroux of The Athletic. The Wolves gave Reid a three-year extension at $42MM to keep him off the free agent market, but it will lead to some difficult decisions moving forward. Leroux points out that the new deals with Edwards and McDaniels, combined with the existing contracts for Karl-Anthony Towns and Rudy Gobert, will be enough to push Minnesota close to the tax line starting in 2024/25.
  • It appears Connelly is willing to give the Gobert experiment another year or two to succeed while stocking the roster with inexpensive young talent, writes Jim Souhan of The Star Tribune. One of those pieces is second-round pick Leonard Miller, who was acquired from the Spurs in a draft night trade. “I don’t really know what position Leonard is,” Connelly said. “He grew up as a forward, so I think he can — I know he can — guard three positions. Then, offensively, I’ll let coach (Chris) Finch determine where he can best be deployed. What’s neat about the flexibility of our bigs is that while Rudy is a pure (center), we have some other guys who can play both (forward and center). Offensively, we have a bunch of guys that their skill set allows them to do things all over the court than, generally, most bigs can.”
  • Edwards has signed with WME Sports ahead of his extension talks, the agency announced (via Twitter).
  • In case you missed it, we took a deep dive into McDaniels’ case for a rookie scale extension.

Wolves’ Garza, Ryan Among Players Receiving Two-Way QOs

Timberwolves forward Luka Garza and wing Matt Ryan are among several players on two-way contracts who received qualifying offers on Wednesday, according to the official transaction log at RealGM.com.

Besides Garza and Ryan, the following two-way players were issued qualifying offers, making them restricted free agents:

The default qualifying offer for a player on a two-way contract is another one-year, two-way deal, with a small partial guarantee.

A player who has four years of experience or who has spent the last two seasons on a two-way contract with the same time becomes eligible for a QO equivalent to a standard, minimum-salary deal. However, none of these seven players fit that bill.

These two-way restricted free agents will have the option of accepting their qualifying offers or trying to negotiate new contracts. They’re all technically eligible to sign offer sheets with new teams, which their current clubs would have the ability to match. However, that outcome has been a rarity for players coming off two-way deals.

While Garza, Ryan, Mobley, Rhoden, Quinones, and Green all finished the 2022/23 season under contract with their respective teams, Mannion has been out of the NBA since 2021 and recently signed with Baskonia in Spain. Having issued him a qualifying offer in each of the last three seasons, Golden State continues to retain Mannion’s RFA rights in the event that he eventually returns stateside.

According to Anthony Slater of The Athletic, the Warriors aren’t expected to tender qualifying offers to Anthony Lamb and Ty Jerome (two-way). The team still has some level of interest in re-signing one or both players, but that interest may hinge on how the free agent market plays out, Slater explains.

Extension Candidate: Jaden McDaniels

This is the first installment in our 2023 series examining players who are prime candidates for contract extensions. This series will explore the player’s strengths and weaknesses, and will evaluate what a fair deal between the player and his team might look like (McDaniels will be extension-eligible when the new league year kicks in at midnight ET on Friday night).


Rundown

The 28th overall pick of the 2020 draft after one up-and-down college season at Washington, Jaden McDaniels became a rotation player almost immediately as a rookie for the Timberwolves, appearing in 63 games (27 starts) with averages of 6.8 PPG, 3.7 RPG and 1.0 BPG on .447/.364/.600 shooting in 24.0 MPG.

His second NBA season saw signs of progress in some ways, but regression in others. That isn’t meant to be a criticism – it’s simply a reality for most young players.

For example, his offensive role increased in 2021/22, with McDaniels averaging 9.2 points and 4.2 boards in 70 games (31 starts, 25.8 MPG). He also bolstered his two-point (54.4% to 57.9%) and free throw percentages (60.0% to 80.3%). However, his three-point percentage dropped to 31.7%, which leveled out his efficiency gains in other areas, and his foul rate increased.

Minnesota was bullish on the young forward’s upside, so the team kept him out of the Rudy Gobert trade, reportedly giving up a couple extra first-round picks instead. While that deal certainly was not favorable for the Wolves overall (to put it mildly), retaining McDaniels is at least looking like the correct decision.

Former first round-picks who have both of their team options exercised become eligible for rookie scale extensions in the offseason after their third year, as is the case here. So ‘22/23 was an important season for McDaniels, particularly from a financial perspective.

He responded with a career year, averaging 12.1 PPG, 3.9 RPG, 1.9 APG, 0.9 SPG and 1.0 BPG on .517/.398/.736 shooting in 79 games, all starts (30.6 MPG). He also posted a career-best 58.8% two-point percentage, with a major leap in his scoring efficiency (61.1% True Shooting percentage, vs. 55.2% and 55.3% in his previous two seasons).

Unfortunately, in the last game of the regular season with the Wolves vying for the postseason during the best individual stretch of basketball of his pro career, he punched a curtain that he didn’t realize had a cement wall behind it and broke his right hand. The fact that both McDaniels and Naz Reid (who just signed a three-year, $42MM extension) were injured for the play-in and playoffs right when they were peaking is an overlooked and promising aspect of the Wolves’ offseason, as there is reason to believe they’ll keep improving.

Strengths

At 6’9” with a 6’11” wingspan, McDaniels has elite length for a small forward. He’s a smooth, graceful athlete who is fast in the open court and quick on his feet in tight spaces, which is rare for a player his size.

He uses those tools to navigate screens, contest shots and cover ground on the less glamorous end of the court. McDaniels is one of top perimeter defenders in the NBA, as he received the 12th-most votes of any player for the ‘22/23 All-Defensive Teams, just missing out on the honor (I will never understand why there are two only two All-D teams and three All-NBA teams – more defensive players deserve to be recognized).

Despite having a thin frame, McDaniels is tenacious defensively and plays with an edge on both ends when he’s at his best. He doesn’t shy away from contact, especially if he has momentum.

McDaniels is an extremely versatile defender, with the ability to guard four positions – even five at times. He has strong instincts and is almost always tasked with defending the opposing teams’ best perimeter player. He’s elite on the ball, with excellent lateral footwork and recovering ability. McDaniels’ height allows him to see over the top of screens, and his length allows him to play a few feet off some of the point guards he’s tasked with defending, giving him extra space to maneuver. He’s also a strong weak-side rim protector and reacts well in “help the helper” scenarios.

McDaniels is a versatile offensive player, and a big part of his success in ‘22/23 wasn’t what you’d expect for someone who gets the generic “3-and-D” label – he actually attempted more twos and fewer threes.

I think the Wolves were placing McDaniels in a box a bit early in his career as far as only spotting up for threes at times. He showed throughout last season that he’s more effective – and keeps defenders more off balance – when he’s able to use other parts of his game as well.

Being a plus leaper with plus size makes him a natural lob threat. He has good timing when cutting to the basket, and is a good finisher at the rim. He can pump-fake and drive, handle the ball with both hands, initiate a fast break, run a bit of pick and roll, has a mid-range pull-up jumper, and shot nearly 40% from deep. McDaniels is more skilled than his scoring average might lead you to believe.

Granted, McDaniels’ offensive role was fairly modest for much of last season — he averaged just 8.6 shot attempts per game (55 games) leading up to the trade deadline. That number rose to 10.5 per game (23 healthy games) after the Wolves traded D’Angelo Russell (a score-first guard) for Mike Conley (a pass-first point guard) and Nickeil Alexander-Walker in February.

Another big benefit for McDaniels is that he won’t turn 23 until the end of September, which means there’s theoretically plenty more time for improvement. He was a top-10 recruit entering college, so it’s not a new thing that he’s viewed as having considerable upside.

Weaknesses

While McDaniels is an all-around very strong defender, he’s a subpar rebounder for his position, pulling down just 3.9 boards in 30.6 minutes per game. His other weakness on that end is that he can be foul prone, which can be frustrating when paired with Karl-Anthony Towns’ own undisciplined fouls. That has been an issue in each of his three seasons.

A lack of weight and strength, combined with a high center of gravity, means McDaniels can be bullied off his spots at times. That works against him on both ends of the court, even if his speed and agility help make up for it to an extent. He’s definitely no pushover and doesn’t back down, but if you get into his chest, you can move him.

The 22-year-old’s decision-making can be a little dicey on both ends of the court. He’ll get caught in the air sometimes when going up for a shot, for example, and bites on occasional pump fakes. Cutting down on bad fouls would be a boon for his game. He doesn’t have great feel as a passer.

McDaniels doesn’t always take advantage of mismatches. He’s capable of driving past slower players and shooting over smaller ones, but sometimes he can be passive.

It’s hard to know how legitimate his three-point shooting was in ‘22/23 because his percentages have been all over the place in his career despite fairly consistent attempts. Having a more balanced shot distribution was a positive for his game overall, no doubt, but I’m curious to see if he’ll keep making outside shots at a high level long term.

I could easily see McDaniels becoming a player who scores in the high teens offensively. I’m not sure he can get to 20-plus, though it’s certainly possible if things break the right way. He’s a good ball-handler for his size, but not a great one, and his shot comes and goes.

Conclusion

McDaniels is a young, talented two-way player who brings versatility all over the court. If you were building a wing player from scratch to play defense, he isn’t far off from what you’d be looking for. He has also been pretty durable thus far.

There’s no question that he is highly valued by both the Wolves and all the other 29 teams in the league. He might not be a household name, but he’s going to get a major payday. The question is, how much?

The sample size of McDaniels being a significant contributor to winning is one season. He was very good in that one season, but it’s still only one season. He’s going to get paid based on what he could become just as much as who he currently is. There’s always some risk in that proposition.

McDaniels’ floor in an extension is probably four years, $90MM. That’s what Mikal Bridges got a few years ago and what De’Andre Hunter received before last season started. I thought Hunter got overpaid based on his past results and injury problems, and I would take McDaniels over him in a trade without hesitation.

It’s actually challenging to find a player who compares to McDaniels because he’s only 22, is one of the best perimeter defenders in the league at 6’9”, is a plus athlete, and has an interesting blend of offensive skills. He can’t create his own shot like the former No. 1 overall pick can, but I can see a little bit of Andrew Wiggins in his game. People thought Wiggins was underpaid when he got a four-year, $109MM extension last year.

Something in the middle of those two figures sounds about right to me for McDaniels. If he gets a four-year deal, I think he’s probably in line for around $100MM. The new CBA allows for five-year, non-max rookie scale extensions, and if he wants the extra year of security, I could see him getting about $125MM. $25MM annually is a lot for a role player, but he has a chance to be a special one and was already very good last season.

Raptors Notes: VanVleet, Poeltl, Siakam, Anunoby, Wieskamp

In a look at where the Raptors stand heading into free agency, Eric Koreen of The Athletic expects the team to re-sign both Fred VanVleet and Jakob Poeltl, although it will be expensive to do so. Koreen projects a four-year, $130MM contract for VanVleet and a three-year, $63MM deal for Poeltl. That would give Toronto $164.8MM committed to 12 players for the upcoming season, leaving no way to fill out the roster without exceeding the projected luxury-tax threshold of $165MM.

The Rockets may be ready to offer VanVleet a maximum-salary contract, but they reportedly want to limit it to two years. Toronto’s willingness to commit to a longer deal could be enough to convince him to stay, although Koreen also explores sign-and-trade possibilities with the Bulls, Timberwolves and Nets.

The Thunder and Spurs appear to be the best options for Poeltl, Koreen states, although he’s not sure if either franchise will offer a big-money deal to a center with limited shooting range. Koreen also cites the Bucks, Bulls, Lakers and Mavericks as teams that might pursue a sign-and-trade.

There’s more on the Raptors:

  • Draft night was probably the best time to work out a trade involving Pascal Siakam or OG Anunoby, Koreen adds. A recent report that Siakam may not be open to re-signing with any team that trades for him should cool off his market, but Koreen expects Toronto to still get offers for Anunoby. He also believes it’s likely that both players will start next season with the Raptors, but they probably won’t agree to extensions this summer.
  • Anunoby has selected CAA Basketball as his new representative, the agency announced (via Twitter). If Anunoby doesn’t sign an extension, he could become a free agent in 2024 by turning down a $19.9MM player option.
  • Joe Wieskamp and the Raptors have reached an agreement to extend the guarantee date for next season’s contract to July 18, tweets Blake Murphy of Sportsnet.ca. The front office wants to see how he performs during Summer League before committing to another season, adds Murphy, who believes Wieskamp may get a small partial guarantee on the deal for agreeing to the change.

Timberwolves Waive Taurean Prince

5:01pm: The Timberwolves have officially waived Prince, per NBA.com’s transaction log.


4:08pm: The Timberwolves have decided not to guarantee Taurean Prince‘s $7,455,000 salary for the 2023/24 season, reports Adrian Wojnarowski of ESPN (Twitter link).

Because Prince has a non-guaranteed contract rather than an option, he’ll have to be waived, meaning Minnesota won’t retain any form of Bird rights on him. While Prince could technically be claimed by a team with cap room or a trade exception big enough to cover his salary, he’ll likely pass through waivers and become an unrestricted free agent.

The Wolves’ decision is a little surprising, given that Prince has been a reliable rotation piece in Minnesota for the last two years. In 123 games since the start of the 2021/22 season, he has averaged 8.1 points, 2.5 rebounds, and 1.2 assists in 19.3 minutes per night, with a solid shooting line of .460/.378/.799.

Still, if the Wolves hope to re-sign restricted free agent Nickeil Alexander-Walker and use a significant portion of their mid-level exception, it would have been virtually impossible to retain Prince and avoid becoming a taxpayer. Waiving him will give the team more wiggle room to negotiate with Alexander-Walker and use the MLE without surpassing the luxury tax threshold.

According to ESPN’s Bobby Marks (Twitter link), Minnesota now projects to be about $15.6MM below the tax line with four roster spots to fill, so the club still isn’t in position to use its full $12.4MM mid-level without further cost-cutting.

Prince, 29, figures to appeal to teams looking for depth on the wing this summer. A decision on his 2023/24 salary was due today, as our list of early guarantee dates shows.