Wolves Rumors: Hernangomez, Edwards, Rubio, Beasley

Timberwolves restricted free agent forward Juan Hernangomez initially sought an offer in excess of $10MM per year, sources tell Jon Krawczynski of The Athletic. Unwilling to meet that price right off the bat, the Wolves “essentially told” Hernangomez to prove he could get an offer from another club while they went looking for possible alternatives at power forward, writes Krawczynski.

Minnesota ended up reaching out to a number forwards in free agency, including Derrick Jones (as previously outlined), Paul Millsap, Jae Crowder, and JaMychal Green, and inquired on possible trades involving Magic forward Aaron Gordon, Rockets forward P.J. Tucker, and Cavaliers big man Larry Nance Jr., sources tell Krawczynski.

The Timberwolves didn’t have any luck with any of those potential targets, but held firm on their offer to Hernangomez, who mulled the possibility of accepting the one-year qualifying offer worth $4.64MM, per Krawczynski. Ultimately, the two sides came to an agreement on a three-year, $21MM deal that has a third-year team option.

Here’s more out of Minnesota:

  • The Timberwolves chose Anthony Edwards with the No. 1 pick last week because they believe he has the clearest path of any of this year’s draft-eligible prospects to becoming a multi-time All-Star, says Krawczysnki.
  • Sources tell The Athletic that the team’s acquisition of Ricky Rubio was partly motivated by seeing what the veteran point guard did for Donovan Mitchell and Devin Booker at his previous stops and a belief that he’ll aid Edwards’ development.
  • The Knicks told Malik Beasley he’d be their Plan B in free agency if they couldn’t land Gordon Hayward, according to Krawczynski. Recognizing that New York could be a threat to put forth a troublesome offer sheet, the Wolves went in with an aggressive pitch on the opening night of free agency and secured a commitment from Beasley on the spot. Sources tell The Athletic that Beasley has appreciated the support he’s received from the franchise since running into off-court legal problems.
  • The Timberwolves officially announced Beasley’s new deal today. Keith Smith of Yahoo Sports (Twitter link) has the year-by-year financial breakdown of that contract, which guarantees the swingman $43MM+ over three years.
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