2:35pm: Krejci’s training camp deal is official, Minnesota announced in a press release.
11:23am: The Timberwolves plan to sign free agent guard/forward Vit Krejci to a training camp contract, league sources tell Jon Krawczynski of The Athletic (Twitter link).
Krejci was released by the Hawks last month. He cleared waivers a couple days later, making him an unrestricted free agent. His salary for 2023/24 was non-guaranteed, so Atlanta doesn’t owe him any money for the upcoming season.
The 37th overall pick of the 2020 draft, Krejci spent his first post-draft season rehabbing a torn ACL. He signed a multiyear contract with the Thunder prior to the 2021/22 season, playing 30 games for the club as a rookie.
Oklahoma City traded the Czech native to Atlanta last September in a move that was mostly about finances for the Hawks. Krejci, 23, appeared in 29 games for Atlanta in ’22/23, averaging a modest 5.3 MPG.
It’s probably safe to assume that Krejci’s camp deal will feature an Exhibit 10 clause. If that’s the case, he could earn a bonus worth up to $75K if he’s waived and spends at least 60 days with Minnesota’s G League affiliate, the Iowa Wolves. Exhibit 10 deals can also be converted into two-way deals — the Timberwolves do have one two-way slot open, though they also have a qualifying offer out to restricted free agent Matt Ryan.
Once Krejci’s deal is complete, Minnesota will have 17 players signed to its roster, including 14 on guaranteed standard contracts.
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