Allen Crabbe surrendered $681,544 in his buyout agreement with the Timberwolves, according to reports from Dane Moore of ZoneCoverage.com and Jeff Siegel of Early Bird Rights (Twitter links). That’s more than the veteran wing would earn if he signs a rest-of-season deal with a new team after clearing waivers, but it wasn’t quite enough to get Minnesota below the luxury-tax threshold, as Moore and Siegel note.
If the Timberwolves are dead-set on getting out of tax territory, buying out Evan Turner remains a possible path, but it appears less likely now that he would no longer retain his playoff eligibility if he’s released.
The Timberwolves’ other option for sneaking below the tax line would be to cut a little-used player who is likely to be claimed on waivers, like Miami did at the end of last season with Rodney McGruder. That’s a risky alternative though, since any player valuable enough to be claimed on waivers probably isn’t someone Minnesota wants to lose.
Here are more details on the latest round of buyouts from around the NBA:
- Jordan McRae agreed to give up $390,424 in his buyout from the Nuggets, per Siegel (via Twitter). That’s the equivalent of McRae’s $1,645,357 salary prorated over 42 days. However, if the Suns claim McRae off waivers, as they’re expected to, the buyout agreement will be unnecessary and won’t apply to his cap hit — he’ll simply continue earning the rest of his remaining salary for 2019/20 in Phoenix instead of Denver.
- Anthony Tolliver gave back $144,901 as part of his buyout from the Kings, according to Siegel. That’s the equivalent of the 10-day salary for a veteran with 10+ years of NBA experience. Tolliver’s cap hit on Sacramento’s books ($1,620,564) will remain unchanged, since the NBA is reimbursing a portion of his minimum salary. However, the Kings will save a little cash as a result of the agreement.
- Our recap of the 2020 buyout market can be found right here.