Upcoming News Article: Minnesota Timberwolves Salary Cap Situation
2023-24 Salary Cap Table
The Minnesota Timberwolves are currently facing a difficult salary cap situation. The team is currently over the NBA's salary cap, which is set at $136,021,000 for the 2023-24 season. This means that the Timberwolves will need to make some roster moves in order to get under the cap before the season starts.
2024-25 Salary Cap Table
The Timberwolves' salary cap situation is not expected to improve much in the 2024-25 season. The team is currently projected to be over the cap again, which means that they will need to continue to make roster moves in order to get under the cap.
Team Cap Space
The Timberwolves currently have very little cap space. The team is only projected to have about $10 million in cap space in the 2023-24 season. This means that the Timberwolves will not be able to sign any major free agents this offseason.
Player Cap Hits
The Timberwolves have a number of players with large cap hits. Karl-Anthony Towns is the team's highest-paid player, with a cap hit of $34.5 million in the 2023-24 season. D'Angelo Russell is the team's second-highest paid player, with a cap hit of $31.4 million. These two players account for a significant portion of the Timberwolves' salary cap.
Incentives
The Timberwolves have a number of players with incentives in their contracts. These incentives can increase the players' cap hits if they are met. For example, Towns has an incentive to make the All-NBA team, which would increase his cap hit by $2 million. Russell has an incentive to win the MVP award, which would increase his cap hit by $5 million.
Bonus
The Timberwolves also have a number of players with bonuses in their contracts. These bonuses can also increase the players' cap hits. For example, Towns has a bonus for winning the Defensive Player of the Year award, which would increase his cap hit by $1 million. Russell has a bonus for making the All-Star team, which would increase his cap hit by $2 million.
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