Minnesota Timberwolves Contracts and Salary Cap 2024-25
Interested in learning more about the Minnesota Timberwolves’ contracts and salary cap situation for the 2024 NBA season? You’ve come to the right place. Below are detailed tables showing how much each Wolves player is making during the 2024-25 season, along with how they are set up for future seasons.
Timberwolves general manager Tim Connelly was widely scrutinized for the blockbuster Rudy Gobert trade, but it placed Minnesota among the top playoff contenders in the Western Conference. That was last season, now he’s made a trade for Julius Randle. He gave away Karl Anthony Towns, and so far the results are mixed.
Related: Minnesota Timberwolves Depth Chart and Injury Report – 2025
Anthony Edwards’ maximum contract started to kick in this season, which is why the Wolves moved Karl-Anthony Towns before the season. Julius Randle, the main return for Towns, makes nearly the same. However, his contract only lasts for one more season after the current. Now, let’s take a look at the Minnesota Timberwolves’ current contract situation for 2024-25.
Minnesota Timberwolves Contracts and Salary Cap 2024-25
| Player | Age | 2023-24 Salary |
| Rudy Gobert | 32 | $43,827,587 |
| Anthony Edwards | 23 | $42,176,400 |
| Julius Randle | 30 | $33,073,920 |
| Jaden McDaniels | 24 | $23,017,242 |
| Naz Reid | 25 | $13,986,432 |
| Donte DiVincenzo | 28 | $11,445,000 |
| Mike Conley | 37 | $9,975,962 |
| Rob Dillingham | 20 | $6,262,920 |
| Nickeil Alexander-Walker | 26 | $4,312,500 |
| Terrance Shannon Jr. | 24 | $2,546,640 |
| Luka Garza | 26 | $2,162,606 |
| Joe Ingles | 37 | $2,087,519 |
| Josh Minott | 22 | $2,019,699 |
| Leonard Miller | 21 | $1,891,857 |
| Jaylen Clark | 23 | Two-Way Contract |
| Jesse Edwards | 24 | Two-Way Contract |
| Tristen Newton | 23 | Two-Way Contract |
| Total Salary (Active Roster) | $198,786,284 |
Contract figures courtesy of Spotrac.com
The NBA salary cap for the 2024-25 season is $140,588,000. As you can see, the Timberwolves are well over that amount. The NBA has what is called a “soft salary cap”, though. So being over by a small amount isn’t a big deal.
However, Minnesota is well above the luxury tax spending limit of $178,132,000 (1st apron), about $28 million over on the active roster alone. They also have dead money and cap holds from old contracts being held against their salary cap, too.
2024-25 Minnesota Timberwolves Dead Money and Cap Holds
- Keita Bates Diop (Dead) – $2,654,644
- PJ Dozier (Dead) – $1,051,255
- Evan Turner (Hold) – $27,909,834
- Greg Monroe (Hold) – $2,093,637
- Aaron Brooks (Hold) – $2,087,519
- Austin Rivers (Hold) – $2,087,519
- Total Dead Money and Cap Holds – $37,884,408
Related: Where the Minnesota Timberwolves Stand in Latest NBA Power Rankings
In total, that makes $205,051,298 counting against the Minnesota Timberwolves salary cap in 2024-25. That not only puts them over the 1st apron ($178,132,00) of the luxury tax, but it makes them one of only five NBA teams over the 2nd apron ($188,931,000), which is projected to call for a $91 million tax bill at the end of the season, per Spotrac.com.
| 24-25 Wolves Cap | 1st Apron | 2nd Apron | Proj. Tax Bill |
|---|---|---|---|
| $205,051,298 | $178,132,00 | $188,931,000 | $91,040,770 |
| Difference | $-26,919,298 | $-16,120,298 |
Future Minnesota Timberwolves Salary Cap Situation
Here’s a preview of how the Minnesota Timberwolves’ 2025-26 salary cap sheet looks before making any roster additions or subtractions. Disclaimer: NBA maximum contracts are determined based on a percentage of their team’s salary cap. Thus, future salaries for those players are estimates based off the projected salary caps for future seasons.
- * = Player option
- TO = Team option
| Player | Age | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 | 2029-30 |
| Rudy Gobert | 32 | $43.8M | $35M | $36.5$ | $38M* | ||
| Anthony Edwards | 23 | $42.1M | $45.6M | $48.9M | $52.3M | $55.6M | UFA |
| Julius Randle | 30 | $33M | $30.9M* | UFA | |||
| Jaden McDaniels | 24 | $23M | $24.9M | $26.7 | $28.5M | $30.4M | UFA |
| Naz Reid | 25 | $13.9M | $15M* | UFA | |||
| Donte DiVincenzo | 28 | $11.4M | $12M | $12.5 | UFA | ||
| Mike Conley | 37 | $9.9M | $10.7M | UFA | |||
| Rob Dillingham | 20 | $6.2M | $6.5M | $6.8M(TO) | $8.7M(TO) | ||
| Nickeil Alexander-Walker | 26 | $4.3M | UFA | ||||
| Terrance Shannon Jr. | 24 | $2.5M | $2.6M | $2.8M(TO) | $5M | ||
| Luka Garza | 26 | $2.1M | $2.3M(TO) | UFA | |||
| Joe Ingles | 37 | $2M | UFA | ||||
| Josh Minott | 22 | $2M | $2.2M(TO) | $2.4M(TO) | UFA | ||
| Leonard Miller | 21 | $2M | $2.2M | UFA | |||
| Jaylen Clark | 23 | Two-Way Contract | RFA | ||||
| Jesse Edwards | 24 | Two-Way Contract | RFA | ||||
| Tristen Newton | 23 | Two-Way Contract | RFA | ||||
| Total Salary | $198.7 | $190.1 | $136.7 | $132.6 | $86M | $0 |
Future Cap Table via Spotrac.com
Salary cap issues and luxury tax penalties begin to arise for NBA teams teams when they go over the luxury tax threshold, which is expected to increase to $187.9 million in 2025-26. But really, it’s the teams with rosters that exceed the 1st (proj. $195.9 million) and 2nd (proj. $207.8 million) “aprons” that can have owners emptying out their pockets in tax penalties.
Huge 2024-25 luxury tax bills loom
The Minnesota Timberwolves are projected to have a $190 million roster next season, before a big drop the year after. The Wolves will have to figure out what they want to do following that, as Anthony Edwards is the only main piece on the roster long term.
Look at the 2024-25 Minnesota Timberwolves ($198 million payroll). They are projected to exceed both aprons this season for the first time (no repeater penalty). The Wolves’ projected tax bill when this season comes to an end is $84 million…..
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Congratulations on your purchase of the Minnesota Timberwolves for $1.5 billion, Marc Lore and Alex Rodriguez, here’s a $50+ million luxury tax penalty to get you started…
It’s been a rocky start to the season so far, and Tim Connelly has some decisions to make regarding the current Wolves roster.
Julius Randle contract
Since entering the NBA after being drafted 7th overall in 2014, Julius Randle has developed into one of the league’s most versatile power forwards. Aside from an injury-plagued 2023-24 season where he played only 46 games due to a shoulder injury, Randle has shown remarkable durability throughout his career. A three-time All-Star and two-time member of the All-NBA team, he’s now an important member of the Timberwolves.
On a substantial contract, Randle has a three-year, $117 million deal with the Timberwolves, which includes a player option for the 2025-26 season. While there’s speculation about a potential trade in the future, there’s one key detail in Randle’s contract that many might not be aware of. Randle has a 10% trade bonus, meaning if he’s traded, his cost to his new team would increase by 10%.
Rudy Gobert contract
After becoming the 27th overall pick in the 2013 NBA Draft, Gobert spent the first nine years of his career with the Utah Jazz. Throughout that time, he developed a reputation for being arguably the best defender in basketball, winning four Defensive Player of the Year awards. A year ago, many would argue that Gobert’s then-$43.8 million salary was too rich for his contributions to the team, but it’s been a different story in his subsequent seasons in Minnesota. Gobert has continued to be a contender for the DPOY award.
Related: Timberwolves Insiders: Don’t Hold Your Breath for a Julius Randle Trade
A year ago, many would argue that Gobert’s then-$38M salary was too rich for his contributions to the team, but it’s been an entirely different story in his second season in Minnesota. Gobert’s back on track to be in the mix for another DPOY award.
Gobert is now under contract through the 2026-27 season after signing a three-year, $110 million extension. This extension came before the start of the 2024-25 season and includes a player option for 2027-28. If Gobert feels he can command more on the open market, he might decline the option, but if the then-35-year-old shows signs of decline, there’s a good chance he’ll exercise that player option.
Anthony Edwards contract
The face of the franchise. The Minnesota Timberwolves aren’t letting Edwards go anywhere anytime soon. His max contract kicks in at the start of the 2024-25 season, and like Towns, Ant has a 15% percent trade bonus included in his deal too. No matter what happens with the core around him, the Timberwolves will be building around the No. 1 pick of the 2020 NBA Draft.
Related: Teams Inquiring on Vital Timberwolves Role Player Prior to NBA Trade Deadline
Jaden McDaniels contract
As one of the two remaining 2020 Timberwolves first-round picks on the roster, McDaniels has evolved from a raw prospect into one of the premier all-around defenders in the NBA. While his offensive game continues to develop, there’s clear potential for even greater contributions in the future from this versatile wing.
A frequent subject of trade inquiries, the Timberwolves have decisively quelled such talks by securing McDaniels with a five-year, $131 million contract extension back in the 2023 offseason. He’s well-regarded in the locker room, and should his offensive skills sharpen further, his $26.2 million average annual salary might soon be viewed as a bargain.
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