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Timberwolves To Decline Option On Cody Williams

The Timberwolves are exercising their rookie scale team options for the 2027/28 season on wing Terrence Shannon Jr. and big man Joan Beringer but will turn down their option on forward Cody Williams, reports Jon Krawczynski of The Athletic (Twitter…

By Luke Adams · Hoops Rumors

Published: Friday, 30 October 2026 at 7:33 PM

Key Things to Know

The Minnesota Timberwolves will decline their $7.67 million team option on forward Cody Williams for the 2027/28 season.
Williams is now slated to become an unrestricted free agent during the upcoming summer.
Minnesota exercised rookie scale options on both Terrence Shannon Jr. and Joan Beringer.

The Story in 60 Seconds

The Minnesota Timberwolves will decline their 2027/28 rookie scale team option on forward Cody Williams, according to Jon Krawczynski of The Athletic. Williams, acquired from the Utah Jazz in August, held a $7.67 million option that Minnesota opted not to pick up amid salary cap concerns. Consequently, Williams is set to become an unrestricted free agent next summer.

While turning down Williams' option, the Timberwolves formally exercised their rookie scale options on wing Terrence Shannon Jr. and big man Joan Beringer. Shannon's $5.05 million salary for 2027/28 is now guaranteed, while Beringer remains under contract through next season with a future option pending.

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Timberwolves To Decline Option On Cody Williams

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