Terrence Shannon Jr.

Minnesota Timberwolves, Shooting Guard
Age: 24-120d (Jul 30, 2000)
Country: US
College: Illinois
Drafted: Round 1 (#27 overall), 2024
Agent(s): Calvin Andrews, Brandon Cavanaugh (Klutch Sports Group)
2024-25 Cap Hit

$2,546,640

2024-25 Cash

$2,546,640

Career Earnings

$2,546,640

2024-2027 Rookie (CURRENT)

Terrence Shannon Jr. signed a 4 year , $13,076,519 contract with the Minnesota Timberwolves, including $5,220,720 guaranteed, and an average annual salary of $3,269,130. In 2024-25, Shannon Jr. will earn a base salary of $2,546,640, while carrying a cap hit of $2,546,640 and a dead cap value of $2,546,640.
Contract Terms:
4 yr(s) / $13,076,519
Average Salary:
$3,269,130
GTD at Sign:
$5,220,720
Total GTD:
$5,220,720
Signed Using:
rookie-scale-exception
Free Agent:
2028 / RFA
Year Age Status Cap HitAnnual Cap % League Cap Apron Salary Luxury Tax Tax % League Tax Cash Annual Cash Guaranteed Cash Cumulative
2024-25 24 $2,546,640 1.81% $2,546,640 $2,546,640 1.49% $2,546,640 $2,546,640 $2,546,640
2025-26 25 $2,674,080 1.73% $2,674,080 $2,674,080 1.42% $2,674,080 $2,674,080 $5,220,720
2026-27 26
Club
 $2,801,640 1.65% $2,801,640 $2,801,640 1.36% $2,801,640 - $8,022,360
2027-28 27
Club
 $5,054,159 2.70% $5,054,159 $5,054,159 2.22% $5,054,159 - $13,076,519
2028-29 28
RFA
Year Age Status Base Salary Incentives Likely Incentives Unlikely Cap Hit Cap % League Cap Luxury Tax
2024-25 24 $2,546,640 - - $2,546,640 1.81% $2,546,640
2025-26 25 $2,674,080 - - $2,674,080 1.73% $2,674,080
2026-27 26
Club
 $2,801,640 - - $2,801,640 1.65% $2,801,640
2027-28 27
Club
 $5,054,159 - - $5,054,159 2.70% $5,054,159
2028-29 28
RFA
Year Age Status Base Salary Cash Total Cash Cumulative AYC Cumulative AYC Remaining
2024-25 24 $2,546,640 $2,546,640 $2,546,640 $2,546,640 $3,269,130
2025-26 25 $2,674,080 $2,674,080 $5,220,720 $2,610,360 $3,509,960
2026-27 26
Club
 $2,801,640 $2,801,640 $8,022,360 $2,674,120 $3,927,900
2027-28 27
Club
 $5,054,159 $5,054,159 $13,076,519 $3,269,130 $5,054,159
Contract Notes

  • 2026-27: Club Option (deadline 10/31/25)
  • 2027-28: Club Option (deadline 10/31/26)

Source: Spotrac
Seasons

Years

Career Earnings thru 2024

$2,546,640

Earnings w/ Different Teams

1 team

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2024 24
Active
$2,546,640
$2,546,640
Total      
$2,546,640
$2,546,640
2025 25
Active
$2,674,080
2026 26
Active / Club
$2,801,640
2027 27
Active / Club
$5,054,159
Total
$13,076,519

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
1 $2,546,640 - - $2,546,640
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2024
24
$2,546,640
$2,546,640
$2,546,640
Total
$2,546,640
$2,546,640
$2,546,640
2025
25
$2,674,080
$2,674,080
2026
26
$2,801,640
$2,801,640
2027
27
$5,054,159
$5,054,159
Total
$13,076,519
$13,076,519

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
1 $2,546,640 - - $2,546,640
  • Jul 08, 2024 Signed a 4 year $13.08 million rookie scale contract extension with Minnesota (MIN)
  • Jun 26, 2024 Drafted by Minnesota (MIN): Round 1 (#27 overall)
Year Team GP GS Min/Gm Pt/Gm Reb/Gm Ast/Gm Stl/Gm Blk/Gm FG% 3PT% FT%
2024 MIN 4 0 3.5 1.0 0.5 0.5 0.3 .667 .000 .000

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TRANSACTIONS

Jul 08, 2024
Signed a 4 year $13.08 million rookie scale contract extension with Minnesota (MIN)
Jun 26, 2024
Drafted by Minnesota (MIN): Round 1 (#27 overall)

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