June 30, 2018, 4:52 pm
Minnesota has waived Cole Aldrich, according to Adrian Wojnarowski of ESPN.
The move was expected as Aldrich was clearly not part of the Wolves’ plans moving forward and by waiving him the team saves $4.9 million. Only $2 million of his contract for next season is guaranteed and, as Bobby Marks of ESPN points out, the Wolves can stretch that over three years and save a little bit more money.
Minnesota is sitting right at $112M in salary after the Cole Aldrich waiver. The Timberwolves will incur a $2M cap hit and will have the choice to stretch the amount owed over three years. Stretching the money would save the Timberwolves $1.37M this… https://t.co/X8AgGsG9Be
— Bobby Marks (@BobbyMarks42) June 30, 2018
The Wolves have until Monday to decide whether or not to stretch Aldrich. Marks notes that with three potential max contracts on the books next year, it might make more sense, financially, to take the hit this year alone.
Aldrich appeared in 21 games this past season, playing just 49 total minutes. All told he appeared in 83 games over two seasons in Minnesota and was never much of a factor on the court. Looking back, he was a bit of a bargain compared to the rest of his peers during the infamous 2016 free agent spending spree. Coming off of two strong defensive seasons as a backup, it was interesting that he couldn’t find time under Thibodeau.
He hits the market at 29 years old with limited millage and a defensive reputation.