Next season, if the Wolves do nothing in the way of contract extensions or trades before then, Minnesota will be at about $46.5 million in total contract payout with seven players signed. Besides Sprewell ($14.665 million this season), Ervin Johnson ($4.998), Troy Hudson, ($4.9); and Mark Madsen ($1.65) come off the books after 2004/05.
By just giving Sprewell what he wants, the Wolves will eliminate just about all their maneuverability under the cap by putting them right back up over $60 million. Right now, they have a payroll of over $68 million, well into the luxury tax stage. The salary cap is expected to be about $43.87 for the 2004/05 season.
Simple economics says the team should think long and hard before giving Sprewell an extension. Even a one year extension means the team will have to either restructure existing contracts or eliminate other salary concerns next season. Several years of paying the luxury tax will make the Wolves quickly rethink those larger contracts with the possibility of dwindling returns, such as is likely with aging guards like Sprewell and Cassell.
But you also have to realyze that both of these players know they are unlikely to get a max contract in a year or two, so they need to secure their futures now rather then later, when all teams are likely going to only offer them exception money.