Timberwolves center Karl-Anthony Towns exits his rookie deal and will begin his maximum contract next season. Andrew Wiggins is already on his maximum contract, and when you add in the salaries already guaranteed to six other players under contract next year, including a $19 million player option Jeff Teague will exercise, the Wolves already have committed around $109 million.
The projected salary cap next season is ... $109 million.
It doesn't leave the Wolves with much room to maneuver before they begin approaching the $132 million luxury tax projection, and that's before Towns may tack on over $5 million more to his salary if he is named to the All-NBA team.