Minnesota Timberwolves Rumors | Hoops Rumors

Timberwolves Trade Ricky Rubio To Cavaliers

August 3rd, 2021 at 9:52am CST by Luke Adams

AUGUST 3: The Timberwolves and Cavaliers have officially announced the trade in a pair of press releases.

The timing is curious, since the free agency moratorium is underway and trades can’t be formally completed during that time. However, the NBA’s official transactions log suggests the deal was finalized on Monday, presumably before the new league year began.

The announcement comes on the heels of Rubio racking up 38 points for the Spanish national team in a losing effort against Team USA on Tuesday.

JULY 29: The Timberwolves have agreed to trade Ricky Rubio to the Cavaliers in exchange for Taurean Prince, a 2022 second-round pick, and cash, sources tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski’s original report stated that the second-round pick and cash were going from Minnesota to Cleveland, but according to Jon Krawczynski of The Athletic (Twitter link), the Wolves are actually acquiring those assets along with Prince.

Subsequent reporting confirms as much — Jake Fischer of Bleacher Report tweets that the Cavs are sending $2.5MM to Minnesota as part of the deal, while Wojnarowski tweets that the pick changing hands is the Wizards’ 2022 second-rounder, which had been controlled by Cleveland.

It’s an interesting deal for the Cavaliers, who already have Darius Garland running the point and Collin Sexton acting as a secondary ball-handler. Giving up assets for Rubio doesn’t necessarily mean the Cavs have to move on from one of those players (likely Sexton), since the team needs depth at the point and was seeking a reliable veteran, per Chris Fedor of Cleveland.com (Twitter link). Still, that added depth would make it easier for Cleveland to move Sexton, who has been the subject of some trade rumors this month.

Rubio, who is currently representing Spain at the Tokyo Olympics, averaged a career-low 8.6 PPG for Minnesota in 2020/21 and shot just .388/.308/.867 in 68 games (26.1 MPG). However, the 30-year-old remains an effective play-maker (6.4 APG) and received praise for his leadership of the young Wolves.

The Timberwolves will create some extra financial flexibility below the luxury tax line as a result of this deal, as Rubio is on a $17.8MM expiring contract, while Prince is making $13MM in the last year of his contract. The team now projects to be about $5.4MM below the tax, tweets ESPN’s Bobby Marks.

It’s unclear if Minnesota intends to keep Prince, but the team was lacking in reliable forward depth this past season, so the former Baylor standout could help out there. He’s a career 37.0% three-point shooter and knocked down 40.0% of his attempts from beyond the arc for Brooklyn and Cleveland in 2020/21.

Free Agency Notes: Fournier, Knicks, Dinwiddie, Wolves, Markkanen

August 3rd, 2021 at 9:38am CST by Luke Adams

Veteran swingman Evan Fournier agreed to a four-year deal with the Knicks on the first day of free agency on Monday, but that hadn’t necessarily been his plan entering the summer. Fournier tells Gary Washburn of The Boston Globe that he had initially hoped to stick with the Celtics.

“That was my priority going into the summer,” Fournier said. “Because I knew the place. I talked to (Celtics president of basketball operations) Brad (Stevens) and we couldn’t get a deal done, obviously. But I had my options. It wasn’t necessarily Boston only, but I was more inclined to sign there because they traded for me and I felt good while I was there. That’s the thing with free agency. It can go both ways.”

While working out a new deal with Boston was his top priority entering free agency, Fournier is happy to land with the Knicks.

“New York has been on my radar for a while now,” he said. “I’ve always said the Knicks are the Knicks. And I’m honestly extremely happy I’ll be there next year.”

Here are a few more notes related to free agency:

Although the Knicks are short on cap space, they’re still exploring the possibility of adding another point guard either in a trade or using their $4.9MM room exception, sources tell Marc Berman of The New York Post.
The Knicks never made a formal contract offer to free agent point guard Spencer Dinwiddie, who was believed to be one of their potential targets, tweets Stefan Bondy of The New York Daily News. Dinwiddie appears likely to end up with Washington.
The Timberwolves have been in contact with Bulls restricted free agent forward Lauri Markkanen, tweets Darren Wolfson of 5 Eyewitness News. Minnesota doesn’t have a ton of cap flexibility, so figuring out a way to land Markkanen would be a challenge.

Free Agency Rumors: Oubre, Mills, Dinwiddie, Carmelo, More

August 2nd, 2021 at 10:38pm CST by Alex Kirschenbaum

Free agent swingman Kelly Oubre received interest from the Heat after free agency began, but didn’t set a meeting with Miami because he is hoping to net a contract “well above” the mid-level exception, according to Barry Jackson of the Miami Herald (via Twitter).

Now that Miami has committed to using most of its mid-level exception on P.J. Tucker, Oubre is almost certainly off the table for the Heat, even if his asking price drops.

Here are more free agency rumors from around the NBA world:

Free agent sharpshooting combo guard Patty Mills has received interest from the Lakers and Nets, per Marc Stein of Substack (via Twitter). Anthony Slater of The Athletic adds (Twitter link) that the Warriors could also pursue Mills and posits that he may fetch a deal that within range of the taxpayer mid-level. Jordan Schultz of ESPN tweets that the Nets are apparently a distant third in the sweepstakes to sign Mills.
Jordan Schultz of ESPN reports (Twitter link) that free agent point guard Spencer Dinwiddie appears unlikely to sign with the Mavericks.
37-year-old free agent forward Carmelo Anthony continues to weigh interest from the Lakers and Knicks, according to Marc Stein (Twitter link).
Before Alex Caruso finalized his four-year agreement with the Bulls, Caruso’s camp checked back in with the Lakers and was told L.A. wouldn’t be putting a counter-offer on the table, a source with knowledge of the situation tells Sam Amick of The Athletic.
Newly re-signed Nuggets reserve power forward JaMychal Green fielded richer offers in free agency than the two-year, $17MM contract he ultimately signed to remain in Denver, according to Mike Singer of the Denver Post. Singer says the Pelicans, Timberwolves, and Spurs were the other teams most interested in Green.

Luke Adams contributed to this report.

Free Agency Notes: D. Robinson, Nuggets, Vanderbilt, Hezonja

August 2nd, 2021 at 3:46pm CST by Luke Adams

Heat sharpshooter Duncan Robinson has told associates that his preference is to remain with the Heat, a source tells Tim Reynolds of The Associated Press (Twitter link). Robinson is a restricted free agent and Miami wants to retain him, so he wouldn’t have had much leverage if he wanted to go to a new team, but the fact that he wants to return is good news for the Heat. They’ll be able to keep his small cap hold on their books while they address other free agent business before circling back to finalize a new deal with Robinson.

Here are a few more updates related to free agency:

The Nuggets are unlikely to make any major splashes during free agency, as they’ll focus on re-signing their own free agents, writes Mike Singer of The Denver Post. Singer views Will Barton and JaMychal Green as good bets to return to Denver, and suggests that one of Paul Millsap and JaVale McGee could be back too. If the Nuggets are only able to re-sign one of Green, Millsap, and McGee, they’ll shop for another big man on the open market, according to Singer, who notes that Green’s market is expected to be in the $7-9MM range — a previous report stated a $16MM-per-year deal is a possibility for Barton.
The Timberwolves had discussions with forward Jarred Vanderbilt about a possible contract extension, according to Jon Krawczynski of The Athletic, but those talks went nowhere. Minnesota tendered Vanderbilt a qualifying offer, so the team will have the ability to match any offer he gets as a restricted free agent.
Former fifth overall pick Mario Hezonja, who played for Panathinaikos in Greece last season, won’t be returning to the NBA this offseason. As Ennio Terrasi Borghesan of Sportando relays, Russian club UNICS Kazan has signed Hezonja to a one-year contract with an option for a second season.

Trade Rumors: Warriors, T. Harris, OKC, Jordan, Sexton, Wolves

August 2nd, 2021 at 10:00am CST by Luke Adams

Trade speculation involving the Warriors‘ top assets – including James Wiseman, Jonathan Kuminga, Moses Moody, and possibly future first-round picks – has died down a little since the draft came and went without a deal, with team owner Joe Lacob publicly stating a major deal this offseason is unlikely.

A source within the organization tells Kendra Andrews of NBC Sports Bay Area that there’s only one player the Warriors would be willing to make all those aforementioned assets available for, and that player hasn’t been made available via trade.

While the player wasn’t specifically named, Andrews writes that it’s hard not to assume it’s a reference to Bradley Beal, whom Golden State’s stars would reportedly love to add to the roster. However, Beal continues to give no indications that he wants the Wizards to move him.

Here are a few more trade-related notes and rumors from around the NBA:

In addition to shopping Ben Simmons, the Sixers have made Tobias Harris available, according to veteran NBA reporter Mitch Lawrence of SiriusXM NBA Radio (Twitter link), who says the Rockets turned down a potential deal for Harris.
The Thunder are a possible candidate to take on DeAndre Jordan in a trade with the Nets, says Jake Fischer of Bleacher Report. It’s not clear if Oklahoma City would become involved in a multi-team trade to make that happen or if it’d be a straight salary-dump deal.
Fischer also reports in the same story that a trade involving Cavaliers guard Collin Sexton appears unlikely at this point.
The Timberwolves “had eyes” for Kyle Kuzma before the Lakers reached a deal to send him to the Wizards, according to John Hollinger of The Athletic, who says Minnesota could pursue Kuzma again if Washington makes him available. Fischer adds that the Wolves are open to flipping Taurean Prince after acquiring him from Cleveland.

Scotto’s Latest: Markkanen, Noel, Raptors, Pistons, L. Williams

August 1st, 2021 at 7:29am CST by Luke Adams

The Bulls and Lauri Markkanen are open to working out a sign-and-trade deal that would send him to a new team, league sources tell Michael Scotto of HoopsHype. Chicago issued Markkanen a qualifying offer this week that will ensure he’s a restricted free agent, giving the team some leverage in negotiations.

Scotto identifies the Timberwolves – who have long been on the hunt for a power forward – as one team to watch as a possible sign-and-trade destination for Markkanen. The Spurs and Thunder are also among the teams with Markkanen on their radar, per Scotto. San Antonio and Oklahoma City would have the cap flexibility necessary to issue Markkanen an offer sheet without giving up an asset in a sign-and-trade if they’re confident Chicago won’t match.

Here are a few more updates on free agency from Scotto:

Following a strong season in New York, free agent big man Nerlens Noel is expected to draw interest from the Raptors, Knicks, Pistons, and Kings, writes Scotto.
The Raptors and Pistons should have a little cap flexibility and will likely look to the free agent market to address the center position. Scotto reiterates that Jarrett Allen and Richaun Holmes are on Toronto’s radar, and names Kelly Olynyk as a potential Detroit target. Some people around the league believe Olynyk will end up signing a deal worth $10-12MM per year, Scotto adds.
Despite mutual interest in a new deal between the Hawks and Lou Williams, the three-time Sixth Man of the Year will receive interest from other clubs, including the Pacers and Bucks, says Scotto. Williams is seeking a multiyear deal.

Jarred Vanderbilt, Jordan McLaughlin Get QOs From Wolves

July 31st, 2021 at 6:09pm CST by Arthur Hill

The Timberwolves have made qualifying offers to Jarred Vanderbilt and Jordan McLaughlin, tweets ESPN’s Adrian Wojnarowski. Both players will be restricted heading into free agency.

Minnesota has full Bird rights on Vanderbilt and Early Bird rights on McLaughlin, notes Bobby Marks of ESPN (Twitter link). The Wolves are currently $7.9MM away from the luxury tax, including a first-round hold for Leandro Bolmaro, who may join the team next season.

Vanderbilt, a 22-year-old power forward, is coming off his most productive NBA season, averaging 5.4 points and 5.8 rebounds while starting 30 of the 64 games that he played. He was acquired from the Nuggets in a four-team trade in February of 2020.

McLaughlin, a 25-year-old point guard, appeared in 51 games this season, averaging 5.0 points, 2.1 rebounds and 3.8 assists per night. He has been a two-way player for the Wolves the past two years.

Northwest Notes: Wolves, J. Butler, Mudiay, Favors

July 31st, 2021 at 12:51pm CST by Eli Cohen

The Timberwolves‘ second stint with former No. 5 overall pick Ricky Rubio wasn’t the fairy tale reunion either side hoped for, writes Jon Krawczynski of The Athletic in a breakdown of the team’s trade with Cleveland and what it means for the Wolves moving forward.

While the Wolves are receiving solid three-and-D wing Taurean Prince as the return for Rubio, Krawczynski writes that Prince isn’t viewed as the solution to the team’s long-running search for a starting power forward, but rather as a rotation wing.

One benefit to the deal is an added $4.8MM in cap flexibility, which could allow the Wolves to use their entire taxpayer mid-level exception while possibly adding last year’s first round pick Leandro Bolmaro as well. Kracwzynski writes that the team explored trades into the draft and for Hawksforward Danilo Gallinari, but in the end were satisfied with the return of Prince.

We have more news from around the Northwest Division:

Eric Walden of The Salt Lake Tribune details the Jazz‘s excitement upon trading down in the draft to land Baylor guard Jared Butler with the 40th pick, as well as two future second rounders. Butler, whom Utah was initially targeting in the first round, is viewed as someone who can play off the bench immediately, or even fill in should the Jazz lose Mike Conley to free agency.
Veteran point guard Emmanuel Mudiay will play for the Trail Blazers during Summer League, tweets Chris Haynes of Yahoo Sports. The former No. 7 pick has bounced around the league since being traded from the team that drafted him, the Nuggets, to the Knicks in 2018, but the 25-year-old will be looking for a chance to get his career back on track with a strong showing in Las Vegas.
Derrick Favors was caught off-guard by the trade that will send him from the Jazz to the Thunder,writes Tony Jones of The Athletic. “Honestly, I’m still trying to process what happened,” Favors said. “It was tough to go to New Orleans, but I thought that there was a chance that I would come back to Utah. Now, I know this is it. So, there’s a lot to think about and a lot to work out.”

Western Rumors: Lakers, Pelicans, McDermott, Ja. Green, Holmes, More

July 31st, 2021 at 8:58am CST by Luke Adams

After agreeing to acquire Russell Westbrook from Washington, the Lakers won’t have a ton of cap flexibility to add outside free agents this offseason. Los Angeles will likely be limited to the taxpayer mid-level exception and minimum-salary contracts, since acquiring a player via sign-and-trade would create a hard cap that the team wouldn’t be able to stay under.

However, even with limited resources, that doesn’t mean the Lakers will have to wait until the second or third wave of free agency to go bargain hunting. According to Jake Fischer of Bleacher Report, people around the NBA believe that several veterans in search of a championship ring could be willing to pass on more lucrative offers elsewhere to join the Lakers. Fischer identifies DeMar DeRozan, Rudy Gay, and Carmelo Anthony as some players who may fit that bill.

Here are a few more rumors from around the Western Conference:

The Pelicans, Suns, and Nuggets are believed to be among the teams interested in pursuing Pacers sharpshooter Doug McDermott in free agency, according to Fischer. A recent report from The Indianapolis Star suggested Indiana may lose McDermott this summer.
A return to the Nuggets is a possibility for JaMychal Green, but the power forward is also expected to draw interest from the Pelicans and Timberwolves, says Fischer.
Following up on a Marc Stein report linking Daniel Theis to the Rockets, Fischer confirms Houston is eyeing the veteran big man and suggests the team’s $8.2MM trade exception could be used to land Theis in a sign-and-trade.
According to Fischer, sources expect Richaun Holmes to remain with the Kings. That’s a bit of a surprise — Sacramento only has Holmes’ Early Bird rights and has been linked to several other centers, having agreed on Friday to acquire Tristan Thompson. But the Hornets, one of Holmes’ presumed suitors, are no longer expected to go big for a free agent center after drafting Kai Jones and agreeing to trade for Mason Plumlee, per Fischer. The Raptors, Mavericks, and Knicks may still be possibilities for Holmes, Fischer adds.
The Mavericks are viewed as the favorites to sign Sterling Brown in free agency, league sources tell Fischer.

Trade Rumors: Raptors, McCollum, SGA, Celtics, Wolves

July 31st, 2021 at 8:34am CST by Luke Adams

As long as Ben Simmons remains in Philadelphia and Kyle Lowry hasn’t reached an agreement in free agency, league sources aren’t ruling out the possibility of a deal between the Sixers and Raptors that would send Lowry to his hometown via sign-and-trade, says Jake Fischer of Bleacher Report. However, with several suitors expected to pursue Lowry aggressively in free agency, that doesn’t appear to be a likely outcome for the time being.

According to Fischer, one intriguing trade framework that the Raptors have discussed with the Trail Blazers would involve Pascal Siakam and CJ McCollum. But those talks haven’t gathered any real momentum yet, Fischer cautions.

Here are a few more trade-related rumors and notes from around the NBA:

Although Shai Gilgeous-Alexander‘s name popped up in trade rumors leading up to the draft, the Thunder never offered him to the Cavaliers in negotiations for the No. 3 pick, according to Fischer, who reports that Oklahoma City only made present and future draft assets available in those discussions. The expectation is that the Thunder and Gilgeous-Alexander will reach an agreement on a maximum-salary contract extension this offseason, Fischer adds.
Before agreeing to a deal to acquire Josh Richardson from Dallas, the Celtics also expressed trade interest in Grizzlies wing Kyle Anderson, sources tell Fischer.
The Timberwolves, who have long been in the market for a power forward, inquired on Danilo Gallinari before agreeing to send Ricky Rubio to Cleveland, says Chris Kirschner of The Athletic. The Hawks turned down Minnesota’s offer for Gallinari.