Jonathan Kuminga has signed a two-year, $12.4 million contract with the Timberwolves, forgoing a more lucrative three-year offer from the Lakers that would have surpassed $12 million annually. While Kuminga would have earned more in Los Angeles, he opted for Minnesota to save on taxes, expecting to pay about $3 million per year compared to $6.4 million in California. This decision leaves him with approximately $2.4 million less after taxes, indicating that financial factors weren’t the sole reason for his choice. If Kuminga doesn’t secure a championship with the Timberwolves, he may question his choice, especially given his past with the Warriors and California taxes.
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Jonathan Kuminga’s $13 Million Timberwolves Deal Reduces Tax Bill
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