Having completed his four-year rookie scale contract, Okogie would become a restricted free agent this offseason if Minnesota extends a qualifying offer worth $5,857,966. In that scenario, the Wolves would have the ability to match rival offer the veteran wing receives, and he’d have the option of simply accepting the one-year offer worth nearly $6MM before reaching unrestricted free agency in 2023.
Given Okogie’s so-so NBA résumé and limited role, he seems unlikely to generate interest at more than the minimum salary this offseason, so the Wolves’ decision to pass on a QO and make him an unrestricted free agent isn’t surprising. It doesn’t mean Minnesota can’t bring him back — he’ll just be free to sign elsewhere without the Wolves having the ability to match.
Okogie, 23, was the 20th overall pick in the 2018 draft. He started 52 games as a rookie for the Wolves and averaged 24.3 MPG in his first two NBA seasons, but has seen his playing time cut back since then. In 2021/22, he averaged 2.7 PPG and 1.4 RPG in just 10.5 minutes per contest (49 games).
Okogie is viewed as a solid defender but has never shown much of an offensive game, putting up a career average of 6.4 PPG with a .403/.275/.758 shooting line.
The Timberwolves also appear unlikely to retain two-way free agent McKinley Wright IV, according to Wolfson, who says Wright will probably join a new team for next month’s summer league.