At this point, that looks like a mistake. It appears unlikely Cunningham will exceed his minimum salary ($2,106,470).
But at least he has multiple suitors.
Adrian Wojnarowski of ESPN:
Both the Pelicans and Timberwolves can offer Cunningham just the minimum. Minnesota could offer two years, but New Orleans – though possessing his Bird Rights – has just enough room below the hard cap to afford the one-year minimum (which includes the NBA reimbursing a share of his salary).
On either big-heavy team, Cunningham would likely be (slightly mis)cast as a small forward. He’s better at power forward, but he’s versatile enough and shot 3-pointers well enough last season to contribute at small forward.
It’s not surprising these teams are vying for the 30-year-old Cunningham. It is surprising teams with more money available never got into the mix.