Wolves Updates 7/14According to Marc Stein/ESPN, the Timberwolves are one of five teams in the league who will have to pay the luxury-tax.
Teams that carried a payroll higher than $65.42 million for the 2006-07 season are required to pay a dollar-for-dollar tax on every dollar over that threshold.
The Wolves owe $998,536. The four other teams are Knicks ($45,142,002), Mavericks ($7,204,968), Nuggets ($2,022,418), and Spurs, ($196,082).
Summer league: The Wolves face the Grizzlies tonight. The game will be televised on NBA TV.
Click here for a summer league video of Corey Brewer, Rashad McCants, Craig Smith, and Chris Richard talking about the team.
From Marty Burns/SI.com:
While Minnesota continues to insist it has no intention of dealing its franchise player, many around the league believe vice president Kevin McHale is at least open to the idea. With KG able to opt out of his contract next summer, it might make sense for the T'wolves to do something now rather than risk losing him for nothing next year.
Mike Trudell/Timberwolves site talks to Mateen Cleaves.