Sep 3, 2025 · Just in case, here are the penalties when the Minnesota Timberwolves were found to have circumvented the salary cap to sign Joe Smith: 5 first-round picks forfeited (two were returned later), …

NEW YORK -- Charging the Minnesota Timberwolves, player Joe Smith and agent Eric Fleisher violated salary cap rules in contract agreement, the NBA started an arbitration proceeding Friday.

Oct 25, 2025 · Twenty-five years ago, the NBA faced one of its most significant controversies involving the Minnesota Timberwolves and forward Joe Smith. On October 25, 2000, the NBA announced that, …

Oct 24, 2000 · Arbitrator Kenneth Dam agreed, ruling that the parties entered into an "undisclosed agreement" in violation of NBA salary cap regulations. However, Smith, who wants to remain in …

Oct 27, 2000 · Stern stripped the Timberwolves of five first-round draft choices and fined the team $3.5 million US for the agreement, which an arbitrator found was intended to circumvent the NBA salary cap.

Aug 6, 2023 · This incident worthy of a true-crime documentary on Netflix happened in 1999, during the NBA lockout that season. The Minnesota Timberwolves gave 21-year-old Kevin Garnett the biggest …

Oct 25, 2000 · With the NBA, meanwhile, the Timberwolves filed a one-year contract worth $1.75 million, allowable under the salary cap.

Nov 17, 2023 · NBA's $80 million scandal: Joe Smith details the under-the-table deal with the Timberwolves, facing penalties, fines, and a choice that reshaped his career in the league.

Timberwolves salary cap scandal Following the 1999–2000 season, it was discovered that Smith was involved in a salary cap -evading scandal involving Timberwolves owner Glen Taylor and general …

Sep 28, 2025 · The Minnesota Timberwolves are the only team, at least so far, that has been penalized by the NBA for circumventing salary cap rules. In 2000, the Timberwolves signed former No.1 pick …