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The Minnesota Timberwolves aren’t here to mess around.
They clearly believe they have something special on their hands with Anthony Edwards, and they won’t spare any expense to help him out.
That’s why they didn’t hesitate to spend a huge haul of draft picks to get him Rudy Gobert and why they doubled down on that core of players ahead of last season.
Now, they enter the offseason with limited cap space and a need for an extra couple of pieces, so they tripled down on that bet.
By trading up to get Rob Dillingham with the San Antonio Spurs’ No. 8 pick, they will now have to spend some big bucks due to the luxury tax.
As pointed out by ESPN’s salary cap expert Bobby Marks on Twitter, their luxury tax bill has now increased from $56 million all the way to $84 million after that pick.
Minnesota luxury tax bill increases from $56M to $84M with the selection of Rob Dillingham.
An aggressive move for a Minnesota team that returns the same starting 5 but was faced with limited options in free agency. https://t.co/SMM0f9zVpa
— Bobby Marks (@BobbyMarks42) June 27, 2024
That’s obviously a lot of money, but the Timberwolves’ value is also soaring, thanks to Edwards.
They might still sell the team after a failed attempt by a group led by MLB legend Alex Rodriguez, and they know they have to spend money to make money.
The Timberwolves were in a tough spot financially to bring in some veteran free agents, so their only options were to make some big trades — perhaps involving Karl-Anthony Towns — or land a rookie with a high upside who could contribute right away.
And if this bet hits, Dillingham and Edwards will flood their arks with cash for years to come.
The post Timberwolves Get Massive Increase On Luxury Tax Bill After Draft Pick appeared first on The Cold Wire.