NBA News NBA News, Match Reports and Updates
The best Minnesota Timberwolves season in 20 years came to an end Thursday night with a 124-103 loss to the Dallas Mavericks in Game 5 of the Western Conference Finals.
Now will come the reality of trying to keep a competitive team together under the current NBA Collective Bargaining Agreement.
The Timberwolves have nearly $193 million in salary committed for the 2024-25 season, according to Spotrac, with roughly $7 million likely to be added when All-NBA honors are bestowed on Anthony Edwards. With 10 players under salary and Kyle Anderson and Monte Morris set to become free agents, the payroll will be quite high.
When the most recent CBA was agreed to it added a second apron that is roughly $11 million ($190 million total) more than the first apron.
Under the new CBA, teams over the first apron are limited to just matching salaries in trades to 100% of their outgoing money, while non-taxpayer teams can make the math worth within 125%. In short, teams can’t take in more money than they’re trading out. First-apron clubs are also barred from signing a player waived during the regular season if his salary exceeds that year’s mid-level exception.
The second-apron repercussions began this season, with teams above that threshold now losing any mid-level exception entirely. They aren’t just limited to the 100% salary matching in trades, but second apron teams are also prohibited from combining multiple players’ salaries into trades as well.
Minnesota Timberwolves center Karl-Anthony Towns walks off the court after Game 5 of the team’s NBA basketball Western Conference finals against the Dallas Mavericks, Thursday, May 30, 2024, in Minneapolis. Dallas won 124-103, advancing to the NBA Finals. (AP Photo/Abbie Parr)
Should Marc Lore and Alex Rodriguez win their legal battle with current majority owner Glen Taylor, are they committed to a high-salaried roster and the issues that come with it? Probably not.
According to an April report from ESPN’s Adrian Wojnarowski, the potential new owners submitted financial projections that showed a cut in payroll.
In documents shared with [Glen] Taylor, the NBA and The Carlyle…
Source link : https://sports.yahoo.com/karl-anthony-towns-on-future-with-timberwolves-im-confident-ill-be-able-to-be-here-with-my-brothers-140152330.html
Author : Yahoo Sports
Publish date : 2024-05-31 14:01:52
Copyright for syndicated content belongs to the linked Source.
