Minnesota Timberwolves Salary Cap Situation for 2023-24 Season
Current Salary Cap Status
As of the start of the 2023-24 NBA season, the Minnesota Timberwolves are facing a hard salary cap, meaning their total player salaries exceed the league's salary cap threshold. This is due to the Timberwolves' heavy spending during the 2022-23 season, in which they signed multiple high-priced players, including Rudy Gobert, Karl-Anthony Towns, and D'Angelo Russell.
Projected Salary Cap for 2023-24
According to various sources, the NBA salary cap for the 2023-24 season is projected to be approximately $136,021,000. This represents a slight increase from the previous season's cap of $134,960,000. The Timberwolves' current projected salary for the upcoming season is approximately $151,140,654, which exceeds the league's cap limit.
Implications for the Team
The Timberwolves' current salary cap situation has several implications for the team's future plans. The hard cap restricts their ability to make any significant roster moves or sign free agents without first shedding salary. This may limit their flexibility in addressing weaknesses or making improvements to the team. Additionally, the Timberwolves may face luxury tax penalties if they exceed the league's salary apron of $156,940,000, which could further strain their financial situation.
Comments