Minnesota Timberwolves 2023-24 Financial Summary

A current summary of Minnesota Timberwolves 2023-24 player cap & cash figures.

Filtering & Sorting...
Total Cap

$198,497,741 / 3rd

Cap Space

$-62,476,741 / 28th

Tax Space

$765,211

Cash Total

$164,253,674 / 15th

2023-24 Active Roster

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
  Player (17) Pos Age Cap Hit Cap Hit Pct League Cap Apron Salary Luxury Tax Cash Total Cash Guaranteed Free Agent Year
1
Gobert Rudy Gobert C 31 $41,000,000 30.14% $41,000,000 $41,000,000 $41,000,000 $41,000,000
2
Towns Karl-Anthony Towns C 28 $36,016,200 26.48% $36,016,200 $36,016,200 $36,016,200 $36,016,200
3
Conley Mike Conley PG 36 $24,360,000 17.91% $25,860,000 $24,360,000 $24,360,000 $24,360,000
4
Edwards Anthony Edwards SG 22 $13,534,817 9.95% $13,534,817 $13,534,817 $13,534,817 - 2024
5
Reid Naz Reid C 24 $12,950,400 9.52% $12,950,400 $12,950,400 $12,950,400 $12,950,400 2026
6
Morris Monte Morris PG 28 $9,800,926 7.21% $9,800,926 $9,800,926 $3,773,920 $9,800,926 2024
7
Anderson Kyle Anderson PF 30 $9,219,512 6.78% $9,219,512 $9,219,512 $9,219,512 $9,219,512 2024
8
Alexander-Walker Nickeil Alexander-Walker SG 25 $4,687,500 3.45% $4,687,500 $4,687,500 $4,687,500 $4,687,500 2025
9
McDaniels Jaden McDaniels PF 23 $3,901,399 2.87% $3,901,399 $3,901,399 $3,901,399 $3,901,399
10
Moore Jr. Wendell Moore Jr. SG 22 $2,421,720 1.78% $2,421,720 $2,421,720 $2,421,720 $2,421,720 2025
11
McLaughlin Jordan McLaughlin PG 27 $2,420,000 1.78% $2,420,000 $2,420,000 $2,420,000 $2,320,000 2024
12
Miller Leonard Miller SF 20 $1,800,000 1.32% $1,800,000 $1,800,000 $1,800,000 $1,800,000 2027
13
Minott Josh Minott SF 21 $1,719,864 1.26% $1,719,864 $1,719,864 $1,719,864 $1,719,864 2026
14
Warren T.J. Warren SF 30 $220,543 0.16% $220,543 $220,543 $317,307 $317,307 2024
15
Garza Luka Garza C 25 $127,683 0.09% $127,683 $127,683 $127,683 $127,683 2024
16
Nix Daishen Nix PG 21 Two-Way - - - - - 2024
17
Clark Jaylen Clark SG 22 Two-Way - - - - - 2025

2023-24 Dead Money

Cap breakdowns for players who have been traded or released. All count against the team's cap.

  Player (3) Pos Age Cap Hit Cap Hit Pct League Cap Apron Salary Luxury Tax Cash Total Cash Guaranteed
1
Warren T.J. Warren SF 30 $116,075 0.09% $116,075 $116,075 $167,003 $167,003
2
Warren T.J. Warren SF 30 $116,075 0.09% $116,075 $116,075 $167,003 $167,003
3
Jackson Justin Jackson SF 28 $116,075 0.09% $116,075 $116,075 $134,863 $134,863

2023-24 Cap Hold

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.

  Player (4) Pos Age Cap Hit Cap Hit Pct League Cap          
1
Turner Evan Turner SF 35 $27,909,834 20.52% Bird
2
Brooks Aaron Brooks PG 39 $2,019,706 1.48% Non-Bird
3
Monroe Greg Monroe C 33 $2,019,706 1.48% Non-Bird
4
Rivers Austin Rivers SG 31 $2,019,706 1.48% Non-Bird

2023 Exceptions

Exceptions are essentially "grants" offering teams an additional way to sign players. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined.

Type Reason Used On Expires Original Available
Non-Taxpayer Mid-Level
Shake Milton
$5,000,000, Troy Brown Jr.
End-of-Season $12,405,000 $3,405,000
Bi-Annual
End-of-Season $4,516,000 $4,516,000
trade-via-sign-trade
Kyle Anderson trade with GSW
7/6/2025 $8,780,488 $8,780,488
Trade
Wendell Moore Jr trade with DET
7/6/2025 $2,537,040 $2,537,040
Trade
Karl-Anthony Towns trade with NYK
10/2/2025 $4,686,880 $4,686,880

2023 Cap Totals

Cap Maximum Summary
Cap Maximum $136,021,000
Active Roster $164,180,564 10th
Dead Money $348,225 23rd
Cap Hold $33,968,952 2nd
Total Allocations $198,497,741 3rd
Space $-62,476,741 28th
1st Apron Summary
1st Apron Maximum
This team is currently hard-capped at the first apron.
$172,346,000
Total Allocations $166,028,789 -
Space $6,317,211 -
2nd Apron Summary
2nd Apron Maximum $182,794,000
Total Allocations $166,028,789 -
Space $16,765,211 -

2023 Tax Totals

Tax Summary
Tax Threshold $165,294,000
Total Allocations $164,528,789 12th
Space $765,211 19th
Ext. Luxury Tax Bill $0 -

2023 Deadlines

Deadline Date Player Type Value
6/28/2025 Naz Reid
EXTENSION ELIGIBLE
2025-26 Extension Eligible
6/29/2025 Jesse Edwards
RFA / QO
2025-26 Qualifying Offer
$2,048,494
6/29/2025 Rudy Gobert
PLAYER
2027-28 Player Option
$38,000,000
6/29/2025 Julius Randle
PLAYER
2025-26 Player Option
$29,462,400
6/29/2025 Tristen Newton
RFA / QO
2025-26 Qualifying Offer — Two-Way
$2,048,494
6/29/2025 Rudy Gobert
PLAYER
2025-26 Player Option — declined 10/24/25 via extension with MIN
$46,655,173
6/29/2025 Josh Minott
CLUB
2025-26 Club Option
$2,187,451
6/29/2025 Luka Garza
CLUB
2025-26 Club Option
$2,349,578
6/29/2025 Jaylen Clark
RFA / QO
2025-26 Qualifying Offer — Two-Way
$2,180,149
6/30/2025 Naz Reid
PLAYER
2025-26 Player Option
$15,022,464
6/30/2025 Leonard Miller
GUARANTEED
2025-26 Guaranteed
$2,221,677
7/8/2025 Donte DiVincenzo
EXTENSION ELIGIBLE
2025-26 Extension Eligible
7/8/2025 Leonard Miller
EXTENSION ELIGIBLE
2025-26 Extension Eligible
10/31/2025 Terrence Shannon Jr.
CLUB
2026-27 Club Option
$2,801,640
10/31/2025 Rob Dillingham
CLUB
2026-27 Club Option
$6,889,320
6/29/2026 Leonard Miller
CLUB
2026-27 Club Option — non-guaranteed
6/30/2026 Leonard Miller
GUARANTEED
2026-27 Guaranteed
$2,406,205
7/8/2026 Anthony Edwards
EXTENSION ELIGIBLE
2026-27 Extension Eligible
10/23/2026 Jaden McDaniels
EXTENSION ELIGIBLE
2026-27 Extension Eligible
10/24/2026 Rudy Gobert
EXTENSION ELIGIBLE
2026-27 Extension Eligible
10/31/2026 Rob Dillingham
CLUB
2027-28 Club Option
$8,763,216
10/31/2026 Terrence Shannon Jr.
CLUB
2027-28 Club Option
$5,054,159
7/1/2027 Rob Dillingham
EXTENSION ELIGIBLE
2027-28 Extension Eligible
7/1/2027 Terrence Shannon Jr.
EXTENSION ELIGIBLE
2027-28 Extension Eligible
6/29/2028 Terrence Shannon Jr.
RFA / QO
2028-29 Qualifying Offer
$8,000,734
6/29/2028 Rob Dillingham
RFA / QO
2028-29 Qualifying Offer
$12,689,137

2023 Unsigned Draft Picks

Draft Year Player Pos Age Country College
2022 Matteo Spagnolo PG 22 Italy
2010 Paulao Prestes C 37 Brazil
2009 Henk Norel C 37 Netherlands

Future Draft Picks

2025

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DET
If 1-13
MIN
If 14-30 (via HOU to OKC to NYK)
UTA
Least favorable of CLE and MIN to PHX (via UTA)

2026

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DET
If 1-11 if not already settled with NYK
MIN
If 12-30 if not already settled (via HOU to OKC to NYK)
MIN    UTA
less favorable of MIN and UTA 1-8

2027

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DET
If 1-9 if not already settled with NYK
MIN
If 10-30 if not already settled (via HOU to OKC to NYK)
UTA
Least favorable of CLE, MIN and UTA to PHX (via UTA)

2028

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIN

2029

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIN
If 1-5
UTA
If 6-30, Least favorable of CLE, MIN and UTA to PHX (via UTA)

2030

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIN    SAS
Or 2-30 swap with SAS (via SAS swap for MIN)
SAS    DAL    MIN
or DAL (via SAS swap for DAL) OR MIN 2-30 (via SAS swap for MIN)

2031

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
SAC
(via SAS)

2025

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
ATL
(via HOU)
MIN

2026

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
MIN
Least favorable of IND, MIA and SAS to MIN
NYK
Less favorable of MIN and NYK to NYK then other to DET

2027

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
DET    MIN
DET pick if DET conveys 1st to NYK by 2027; NYK pick if DET does not convey 1st to OKC by 2027 (via HOU to OKC to NYK)
POR
(via HOU to OKC to NYK)

2028

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
SAS

2029

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
MIN    UTA
MIN pick if MIN conveys 1st to UTA in 2029; UTA pick if MIN does not convey 1st to UTA in 2029

2030

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
MEM
31-50
MIN
51-60
DET

2031

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
GSW    MIN
Or swap with MIN (via MIN swap for GSW)
MIN    GSW
Or swap with GSW

TRANSACTIONS

Jan 03, 2025
Tristen Newton, PG

Claimed off waivers by Minnesota (MIN)

Jan 03, 2025
Daishen Nix, PG

Waived by Minnesota (MIN)

Dec 28, 2024
P.J. Dozier, PG

Waived by Minnesota (MIN); $1,051,255 dead cap remains

Dec 23, 2024
Anthony Edwards, SG

Fined $75,000 for public critixism of officiating and using inappropriate and profane language during GSW-MIN game

Nov 17, 2024
Anthony Edwards, SG

Fined $35,000 for making an obscene gesture on the playing court during MIN-SAC game

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