Minnesota Timberwolves Salary Summary and Cap Space

2023-24 Season Overview

The Minnesota Timberwolves have a projected salary cap of $123.3 million for the 2023-24 NBA season, according to Spotrac. This places the team slightly above the league's projected salary cap of $121 million.

Key Contracts

The Timberwolves' roster is led by several high-priced contracts, including:

• Karl-Anthony Towns: $33.1 million
• Anthony Edwards: $20.1 million
• D'Angelo Russell: $31.4 million (expiring contract)
• Rudy Gobert: $41.2 million

Guaranteed Contracts

As of August 2023, the Timberwolves have approximately $92.3 million in guaranteed contracts for the 2023-24 season. This includes the following players:

• Karl-Anthony Towns
• Anthony Edwards
• Rudy Gobert
• Taurean Prince
• Jaden McDaniels

Salary Cap Space

With a projected salary cap of $123.3 million and approximately $92.3 million in guaranteed contracts, the Timberwolves have approximately $31 million in salary cap space for the 2023-24 season. This gives the team flexibility to make significant roster moves if desired.

Long-Term Outlook

Beyond the 2023-24 season, the Timberwolves have a number of player contracts expiring, including D'Angelo Russell, Jaden McDaniels, and Naz Reid. This creates some uncertainty in the team's long-term salary cap situation.

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