spotrac Full Details

Karl-Anthony Towns

Minnesota Timberwolves, Center

2024-2027 Designated Veteran Extension (CURRENT)

Year Age Status Cap HitAnnual Cap % League Cap Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2024-25 29 $49,205,800 35.00% $49,205,800 28.81% $49,205,800 $49,205,800
2025-26 30 $53,142,264 34.26% $53,142,264 28.20% $53,142,264 $102,348,064
2026-27 31 $57,078,728 33.46% $57,078,728 27.54% $57,078,728 $159,426,792
2027-28 32
Player
 $61,015,192 32.51% $61,015,192 26.76% $61,015,192 $220,441,984
2028-29 33
UFA
Year Age Status Base Salary Incentives Likely Incentives Unlikely Cap Hit Cap % League Cap Luxury Tax
2024-25 29 $49,205,800 - - $49,205,800 35.00% $49,205,800
2025-26 30 $53,142,264 - - $53,142,264 34.26% $53,142,264
2026-27 31 $57,078,728 - - $57,078,728 33.46% $57,078,728
2027-28 32
Player
 $61,015,192 - - $61,015,192 32.51% $61,015,192
2028-29 33
UFA
Year Age Status Base Salary Cash Total Cash Cumulative AYC Cumulative AYC Remaining
2024-25 29 $49,205,800 $49,205,800 $49,205,800 $49,205,800 $55,110,496
2025-26 30 $53,142,264 $53,142,264 $102,348,064 $51,174,032 $57,078,728
2026-27 31 $57,078,728 $57,078,728 $159,426,792 $53,142,264 $59,046,960
2027-28 32
Player
 $61,015,192 $61,015,192 $220,441,984 $55,110,496 $61,015,192
Contract Notes
  • Designated Veteran Player Extension (35% of cap, est $141M cap)
  • 2027-28: Player Option (deadline 6/29/27)
  • 10% Trade Bonus
Source: Spotrac

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2015 20
Active
$5,703,600
$5,703,600
 ROY
2016 21
Active
$5,960,160
$11,663,760
2017 22
Active
$6,216,840
$17,880,600
 All NBA (3rd)
2018 23
Active
$7,839,435
$25,720,035
2019 24
Active
$25,579,688
$51,299,723
2020 25
Active
$29,467,800
$80,767,523
2021 26
Active
$31,650,600
$112,418,123
 All NBA (3rd)
2022 27
Active
$33,833,400
$146,251,523
2023 28
Active
$36,016,200
$182,267,723
Total      
$182,267,723
$182,267,723
2024 29
Active
$49,205,800
2025 30
Active
$53,142,264
2026 31
Active
$57,078,728
2027 32
Active / Player
$61,015,192
Total
$402,709,707
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2015
20
$5,703,600
$5,703,600
$5,703,600
2016
21
$5,960,160
$5,960,160
$11,663,760
2017
22
$6,216,840
$6,216,840
$17,880,600
2018
23
$7,839,435
$7,839,435
$25,720,035
2019
24
$25,579,688
$25,579,688
$51,299,723
2020
25
$29,467,800
$29,467,800
$80,767,523
2021
26
$31,650,600
$31,650,600
$112,418,123
2022
27
$33,833,400
$33,833,400
$146,251,523
2023
28
$36,016,200
$36,016,200
$182,267,723
Total
$182,267,723
$182,267,723
$182,267,723
2024
29
$49,205,800
$49,205,800
2025
30
$53,142,264
$53,142,264
2026
31
$57,078,728
$57,078,728
2027
32
$61,015,192
$61,015,192
Total
$402,709,707
$402,709,707

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
9 $182,267,723 - - $182,267,723
Cap Hit

$49,205,800 / 9th

Cash Total

$49,205,800 / 7th

Contract Value

$220,441,984 / 7th

Contract Average

$55,110,496 / 3rd

AAV% of Cap

39.2% / 8th

Signing Bonus

$0 / 56th

2-Year Cash

$102,348,064 / 2nd

3-Year Cash

$159,426,792 / 1st

Total Guaranteed

$220,441,984 / 7th

Guaranteed at Signing

$220,441,984 / 7th

  • Jul 07, 2022 Signed a 4 year $220.44 Designated Veteran Player extension with Minnesota (MIN) - includes 2027-28 Player Option
  • Oct 31, 2019 Suspended 2 games (forfeit $376,345) for fighting during MIN-PHI game
  • Oct 30, 2019 Fined $2,000 for ejection from MIN-PHI game
  • Sep 23, 2018 Signed a 5 year $158.25 million Designated Veteran extension with Minnesota (MIN) - eligible for 5 year $190 million maximum extension
  • Oct 15, 2017 Minnesota (MIN) exercised $7.84 million option for 2018-19
  • Oct 23, 2016 Minnesota (MIN) exercised $6.22 million option for 2017-2018
  • Jul 07, 2015 Signed a 2 year $11.66 million contract with Minnesota (MIN)
  • Jun 25, 2015 Drafted by Minnesota (MIN): Round 1 (#1 overall)