The Timberwolves have been among the busiest teams on the first day of free agency, landing Serbian big men Nikola Pekovic and Darko Milicic. Mark Deeks of ChicagoNow runs the numbers and explains that they now have “$5,121,595 in cap room to an estimated $56.1 million cap.” That number won’t be enough to lure any big free agents their way:

Minnesota were earlier rumoured to be interested in David Lee and Rudy Gay. However, barring significant moves elsewhere, they now don’t have the cap space to do this. Minnesota never figured amongst the big free agent suitors now anyway, but they previously had the cap space to be significant. Now, they don’t. There’s one less competitor on the market.

Deeks later adds this potentially painful note for Wolves fans:

It’s also worthy of note that, had they not done their terrible draft night trade with the Blazers (trading the #16 and Ryan Gomes’s unguaranteed contract for Martell Webster), they would have $7,550,395 in cap room instead. Giving up cap space for Martell Webster is never a good idea.

That additional $2.4 million may have come in handy, but you never know with David Kahn; he might have just used it on another Serbian center anyway.