After Naz Reid agreed to a new three-year deal at $14 million per season, the status of either forward Taurean Prince or restricted free-agent guard Nickeil Alexander-Walker became more tenuous for next season as the Wolves looked to stay under the luxury tax.
On Wednesday, the Wolves made the decision to waive Prince, and he will now become a free agent. The Wolves declined to guarantee Prince's contract, which would have been worth around $7.45 million for next season.
Prince played for the Wolves the past two seasons after coming to the team from Cleveland in the trade that sent Ricky Rubio to the Cavaliers in August 2021.