Wolves Salary Situation and Implications
Posted: Sat Feb 10, 2024 12:08 pm
I took another look at the Wolves salary situation after this season. The Wolves will obviously end up above the second apron next season if they keep KAT, Rudy, Ant and Jaden.
The second apron line is expected to be $190.8 million. The Wolves will have a payroll of $176,345,709 for 9 players under contract for next season, which does not include Conley, Anderson, Morris or JMac. Here are the salaries of those four players on expiring contracts: Conley ($24,360,000), Kyle ($9,219,512), Morris ($9,800,926), JMac ($2,320,000). Bargain contracts for all four next season would probably be something like $15,000,000 for Conley, $7,000,000 for Anderson, $5,000,000 for Morris and $2,000,000 for JMac. Signing all four at those prices would add another $29,000,000 to the payroll, putting the total payroll at $205,345,709 — already around $14.5 million over the 2nd apron with at least one more roster slot to fill. And that’s assuming we can re-sign all four at those bargain prices I’m assuming. If the Wolves end up at least in the Conference Finals or better, then hopefully Conley, Anderson and Morris will be motivated to return at a bargain price. But they’ll all have a lot of bargaining leverage knowing that the Wolves’ 2nd apron constraints will preclude using any of the cap exceptions to sign significant free agents.
The bottom line is this:
If the Wolves at least get to the NBA finals (or maybe even just the Western Conference Finals), then I think the Wolves will have to bring everyone back knowing the team will be well above the second apron. That’s one reason why I’m so pleased with the Morris signing. The Wolves wouldn’t be able to use a salary cap exception to sign him or a comparable player for next season but now they can use their Bird rights to keep him. I believe the Wolves can still sign players using the vet minimum to fill out the remaining one or two roster spots. Perhaps Minott, Miller and/or Clark will be ready to contribute next season. If the Wolves are good enough to make the NBA finals this season, then the transactional constraints associated with the 2nd apron shouldn’t be an issue and it will just be more money out of the owners’ pockets, which is their problem, not ours.
But what if the Wolves falter and end up getting bounced in the 1st or second round? That would create a challenging dilemma for the organization. Would it make sense to go over the second apron by bringing back the same crew after that sort of playoff collapse without the flexibility to significantly improve the roster? On the other hand, it’s unlikely we’d get fair value in return for Rudy, KAT or Jaden in what would obviously be a salary dump to one of the few teams with cap room to absorb much of the incoming salary. I think it would be especially difficult to get fair value for Rudy or KAT given how much they make and their age. Teams might give up more talent/assets for Jaden given his lower salary and his youth. In any event, the Wolves would be in a tough spot trying to unload one of those three contracts with other teams having the leverage of knowing the Wolves cap situation.
What all this tells me is that the Wolves will likely bring this same team back next season no matter what happens in this season’s playoffs. As a result, the team we have now is the team we’ll likely have next season as well and this organization will spend at least next season in second apron hell. The good news is that the team we have is very talented and, with the exception of Conley, it’s not comprised of very old players on the verge of suddenly losing their skills as many NBA players often do in their late 30s. And now we have the 28 year old Morris as insurance behind Conley. Further, Rudy’s player option after next season provides the organization with an opportunity to negotiate a new long-term contract at a lower annual salary that could potentially get the Wolves below the second apron the following season.
That’s a long way of saying we should enjoy the rest of this season and the playoffs knowing that the team we have now will likely be the team we have at least through next season no matter what happens. Meanwhile, Ant will likely continue to get better while he and KAT continue to get more comfortable playing with Rudy and vise versa. And hopefully Jaden will take the leap forward we’ve been waiting for. We’ll also have a late first round pick and a top 6 our 7 2nd round pick in June to add to our stock of young talent. So after giving this a lot of thought, I’m at peace with what we have and what it means going forward.
The second apron line is expected to be $190.8 million. The Wolves will have a payroll of $176,345,709 for 9 players under contract for next season, which does not include Conley, Anderson, Morris or JMac. Here are the salaries of those four players on expiring contracts: Conley ($24,360,000), Kyle ($9,219,512), Morris ($9,800,926), JMac ($2,320,000). Bargain contracts for all four next season would probably be something like $15,000,000 for Conley, $7,000,000 for Anderson, $5,000,000 for Morris and $2,000,000 for JMac. Signing all four at those prices would add another $29,000,000 to the payroll, putting the total payroll at $205,345,709 — already around $14.5 million over the 2nd apron with at least one more roster slot to fill. And that’s assuming we can re-sign all four at those bargain prices I’m assuming. If the Wolves end up at least in the Conference Finals or better, then hopefully Conley, Anderson and Morris will be motivated to return at a bargain price. But they’ll all have a lot of bargaining leverage knowing that the Wolves’ 2nd apron constraints will preclude using any of the cap exceptions to sign significant free agents.
The bottom line is this:
If the Wolves at least get to the NBA finals (or maybe even just the Western Conference Finals), then I think the Wolves will have to bring everyone back knowing the team will be well above the second apron. That’s one reason why I’m so pleased with the Morris signing. The Wolves wouldn’t be able to use a salary cap exception to sign him or a comparable player for next season but now they can use their Bird rights to keep him. I believe the Wolves can still sign players using the vet minimum to fill out the remaining one or two roster spots. Perhaps Minott, Miller and/or Clark will be ready to contribute next season. If the Wolves are good enough to make the NBA finals this season, then the transactional constraints associated with the 2nd apron shouldn’t be an issue and it will just be more money out of the owners’ pockets, which is their problem, not ours.
But what if the Wolves falter and end up getting bounced in the 1st or second round? That would create a challenging dilemma for the organization. Would it make sense to go over the second apron by bringing back the same crew after that sort of playoff collapse without the flexibility to significantly improve the roster? On the other hand, it’s unlikely we’d get fair value in return for Rudy, KAT or Jaden in what would obviously be a salary dump to one of the few teams with cap room to absorb much of the incoming salary. I think it would be especially difficult to get fair value for Rudy or KAT given how much they make and their age. Teams might give up more talent/assets for Jaden given his lower salary and his youth. In any event, the Wolves would be in a tough spot trying to unload one of those three contracts with other teams having the leverage of knowing the Wolves cap situation.
What all this tells me is that the Wolves will likely bring this same team back next season no matter what happens in this season’s playoffs. As a result, the team we have now is the team we’ll likely have next season as well and this organization will spend at least next season in second apron hell. The good news is that the team we have is very talented and, with the exception of Conley, it’s not comprised of very old players on the verge of suddenly losing their skills as many NBA players often do in their late 30s. And now we have the 28 year old Morris as insurance behind Conley. Further, Rudy’s player option after next season provides the organization with an opportunity to negotiate a new long-term contract at a lower annual salary that could potentially get the Wolves below the second apron the following season.
That’s a long way of saying we should enjoy the rest of this season and the playoffs knowing that the team we have now will likely be the team we have at least through next season no matter what happens. Meanwhile, Ant will likely continue to get better while he and KAT continue to get more comfortable playing with Rudy and vise versa. And hopefully Jaden will take the leap forward we’ve been waiting for. We’ll also have a late first round pick and a top 6 our 7 2nd round pick in June to add to our stock of young talent. So after giving this a lot of thought, I’m at peace with what we have and what it means going forward.