5:04pm: The signing is official, per team release.
1:17pm: The Timberwolves will fill their open two-way contract slot by signing forward Amile Jefferson to a two-way contract, according to Shams Charania of Yahoo Sports (Twitter link). Charania adds that Jefferson will be a free agent this summer, meaning his new deal will just be a rest-of-season agreement.
Jefferson, 24, went undrafted in 2017 and signed with the Timberwolves for training camp. He was cut at the end of the preseason, joining the Iowa Wolves – Minnesota’s G League team – as an affiliate player in the fall. The former Duke standout has been dominant in his first G League season, averaging 18.0 PPG and 13.1 RPG with a .640 FG%, earning his shot at a two-way deal.
The Timberwolves had been carrying just one two-way player – Anthony Brown – for months, but decided to add a second before today’s deadline. After January 15, teams are no longer permitted to sign players to two-way contracts until the 2018/19 league year begins.
Jefferson may remain with the Iowa Wolves for now, but his two-way deal will allow him to spend up to 22 days in the NBA with the Timberwolves.