NBA Salary Cap: Minnesota Timberwolves Face Salary Cap Crunch
2023-24 Season Salary Cap Exceeded
Internal Options and Trade Rumors Swirling
The Minnesota Timberwolves find themselves in a precarious financial situation as they approach the 2023-24 season. The NBA has set the salary cap for the upcoming season at $136,021,000, and the Timberwolves currently have a payroll of over $150 million.
This leaves the team well over the salary cap and facing some difficult decisions. One option is to trade away some of their higher-priced players, such as D'Angelo Russell or Karl-Anthony Towns. However, this would likely weaken the team on the court.
Another option is to try and sign some of their own free agents below market value. This could be a risky move, as it could lead to the team losing some of their key players.
The Timberwolves are also hoping to get some relief from the league's new "luxury tax." This tax is imposed on teams that exceed the salary cap, and it can be a significant financial burden. However, the Timberwolves are currently projected to be below the luxury tax threshold, so they may be able to avoid paying it this season.
The Timberwolves are in a tough spot, but they have some options to improve their financial situation. It will be interesting to see what moves they make in the coming months.
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