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May 7, 2021; Miami, Florida, USA; Minnesota Timberwolves head coach Chris Finch huddles with his team during the second half against the Miami Heat at American Airlines Arena. Mandatory Credit: Rhona Wise-USA TODAY Sports

The NBA Finals ended July 21, the draft is July 29, free agents can start being signed Aug. 6 and the summer league begins Aug. 8.

So much for an offseason.

The salary cap is expected to be around $112 million with the luxury tax at approximately $136.6 million.

As things stand for the Minnesota Timberwolves, they have 10 players with guaranteed contracts currently on the roster. There’s also a couple of decisions to be made on restricted free agents. The Wolves (currently) have no draft picks, so any additions will have to come via trades and/or signings.

Here's a rundown of the Wolves’ contract situations this offseason, with base salary numbers included (information from Spotrac and basketball-reference.com).

Signed (guaranteed contracts)

Malik Beasley: Signed through 2022-23 ($14,391,964 in 2021-22, $15,458,035 in 2022-23) with a team option in 2023-24 ($16,524,106).

Jarrett Culver: Signed through 2021-22 ($6,395,160) with team option for 2022-23 ($8,109,063) and $10,817,490 qualifying offer for 2023-24.

Anthony Edwards: Signed through 2021-22 ($10,245,480). Has team options in 2022-23 ($10,733,400) and 2023-24 ($13,534,817). His qualifying offer in 2024-25 is $17,595,263.

Juan Hernangomez: Signed through 2022-23 ($6,175,440 in 2021-22; non-guaranteed $6,632,880 in 2022-23 but fully guaranteed if on roster June 30, 2022).

Jake Layman: Signed through 2021-22 ($3,940,184).

Jaden McDaniels: Signed through 2021-22 ($2,063,280) with team options in 2022-23 ($2,161,440) and 2023-24 ($3,901,339). Has $5,813,085 qualifying offer for 2024-25.

Josh Okogie: Signed through 2020-21 ($2,651,040) with team option ($4,087,904 team option) for 2022-23.

Ricky Rubio: Signed through 2021-22 ($17,800,000).

D’Angelo Russell: Signed through 2022-23 (30,013,500 in 2021-22; $31,377,750 in 2022-23).

Karl-Anthony Towns: Signed through 2023-24 ($31,650,600 in 2021-22; $33,833,400 in 2022-23; $36,016,200 in 2023-24).

Guaranteed money: $125,326,648

Signed (non-guaranteed contracts)

Jaylen Nowell: Signed through 2021-22 ($1,782,621). Team option for 2022-23 ($1,930,681).

Naz Reid: Signed through 2021-22 ($1,782,621). Has team option ($1,930,681) for 2022-23.

Options

None.

Free agents (2020-21 base salary)

Ed Davis: Unrestricted ($5,005,350).

Jordan McLaughlin: Restricted (qualifying offer of $1,489,065).

Jared Vanderbilt: Restricted (qualifying offer of $2,079,826).