Re: Updated Wolves Post-Draft Salary Situation
Posted: Thu Jun 29, 2023 11:38 pm
I took another look at the Wolves salary situation relative to the luxury tax threshold. Here’s where things stand:
First, the reports I’ve seen have the luxury tax threshold coming in at $165M, which is higher than the $162M initially projected. That’s good news.
Second, the Wolves currently have 10 players under contract (including JMac but not Knight) at a total payroll of $147,443,912. The Wolves will invariably sign Miller. I’m assuming he’ll sign for around $1.5M. That would put the Wolves payroll at $148,943,912 for 11 roster players. If the Wolves want to sign NAW and he costs around $4M, then the most the Wolves could pay one of the free agents they covet while filling 14 roster spots and staying under the luxury tax threshold would be around $8.5M. That would leave just enough to sign two vet minimum players to fill out the 13th and 14th roster spots with no room to spare.
What does all this mean for the Wolves pursuit of its free agent targets? It means they can’t have both Bruce Brown and NAW because it looks like Brown’s market value is right around the full $12.4M MLE. I think it leaves the door open to signing DiVincenzo and keeping NAW. Donte chose to forego his option of around $4.5M. So he’s certainly expecting significantly more and must have had good intelligence from his agent that his market value was significantly higher than that amount. My hunch is that the Wolves can sign him for around $8.5M. I think he’s see the Wolves as a great opportunity to be on a winning team and get significant playing time given Conley’s age and injury history. He should also see an opportunity to eventually become Conley’s successor not too far down the road. I don’t see him getting a full MLE offer from anyone, but I could be wrong.
Along with drafting MIller and retaining Naz, if the Wolves sign Donte at $8.5M and then re-sign NAW I’d call this a really successful summer for TC.
First, the reports I’ve seen have the luxury tax threshold coming in at $165M, which is higher than the $162M initially projected. That’s good news.
Second, the Wolves currently have 10 players under contract (including JMac but not Knight) at a total payroll of $147,443,912. The Wolves will invariably sign Miller. I’m assuming he’ll sign for around $1.5M. That would put the Wolves payroll at $148,943,912 for 11 roster players. If the Wolves want to sign NAW and he costs around $4M, then the most the Wolves could pay one of the free agents they covet while filling 14 roster spots and staying under the luxury tax threshold would be around $8.5M. That would leave just enough to sign two vet minimum players to fill out the 13th and 14th roster spots with no room to spare.
What does all this mean for the Wolves pursuit of its free agent targets? It means they can’t have both Bruce Brown and NAW because it looks like Brown’s market value is right around the full $12.4M MLE. I think it leaves the door open to signing DiVincenzo and keeping NAW. Donte chose to forego his option of around $4.5M. So he’s certainly expecting significantly more and must have had good intelligence from his agent that his market value was significantly higher than that amount. My hunch is that the Wolves can sign him for around $8.5M. I think he’s see the Wolves as a great opportunity to be on a winning team and get significant playing time given Conley’s age and injury history. He should also see an opportunity to eventually become Conley’s successor not too far down the road. I don’t see him getting a full MLE offer from anyone, but I could be wrong.
Along with drafting MIller and retaining Naz, if the Wolves sign Donte at $8.5M and then re-sign NAW I’d call this a really successful summer for TC.