Current Salary Cap Status

Minnesota Timberwolves Salary Cap Situation for 2023-24 Season

Current Salary Cap Status

2023-24 Salary Cap: $136,021,000

As of today, the Minnesota Timberwolves' projected salaries for the 2023-24 season total $134,624,080, leaving them with approximately $1,396,920 in available salary cap space. This places the team just below the NBA's projected salary cap for the upcoming season, which gives them some flexibility in making roster moves.

Key Contract Considerations

Several key players on the Timberwolves' roster have expiring contracts at the end of the 2023-24 season, including Anthony Edwards, D'Angelo Russell, and Jaden McDaniels. These players will likely command substantial salaries in their next contracts, which could impact the team's long-term salary cap situation.

Offseason Options

With limited salary cap space available, the Timberwolves will need to be strategic in their offseason moves. They could pursue smaller free agent signings or explore trades to fill any roster holes. The team may also consider extending the contracts of their young core players to secure their long-term future.

Conclusion

The Minnesota Timberwolves face an intriguing offseason as they navigate their salary cap situation. With several key players set to become free agents, the team must carefully balance their short-term and long-term roster goals. The available salary cap space and contract decisions will play a pivotal role in shaping the Timberwolves' future success.