Minnesota Timberwolves Rumors | Hoops Rumors

Timberwolves Sign Joe Ingles To One-Year Contract

July 3rd, 2024 at 2:34pm CST by Luke Adams

JULY 6: The Timberwolves officially confirmed in a press release that they’ve signed Ingles.

JULY 3: Free agent forward Joe Ingles has an agreement in place with the Timberwolves on a one-year contract, reports Adrian Wojnarowski of ESPN (Twitter link).

While Wojnarowski doesn’t specify the financial details, Minnesota’s position relative to the second tax apron means the team an only offer the veteran’s minimum, so it’ll be a one-year, minimum-salary deal for Ingles.

Ingles spent last season in Orlando following eight years in Utah and one in Milwaukee. He averaged 4.4 points, 3.0 assists, and 2.1 rebounds in 17.2 minutes per game across 68 appearances off the bench for the Magic in 2023/24, becoming an unrestricted free agent after the club declined his $11MM option on Saturday.

Ingles, who will turn 37 before opening night, is unlikely to play big minutes in Minnesota, but he brings value as a shooter (.410 career 3PT%), a secondary ball-handler and play-maker, and as a veteran leader who has the size to defend forwards and bigger wings.

That skill set made Ingles a top target for Tim Connelly and the front office with the team set to lose Kyle Anderson in free agency, tweets Jon Krawczynski of The Athletic. Moving to Minnesota will give Ingles the opportunity to reunite with Mike Conley and Rudy Gobert, his former teammates with the Jazz.

A minimum-salary contract will pay Ingles a salary of $3,303,771 in 2024/25 while the Wolves take on a cap hit of $2,087,519.

Monte Morris Signs With Suns

July 3rd, 2024 at 1:08pm CST by Luke Adams

JULY 3: Morris’ one-year, minimum-salary contract is now official, according to NBA.com’s transaction log.

JULY 2: Free agent point guard Monte Morris intends to sign a contract with the Suns, according to Shams Charania of The Athletic (Twitter link). John Gambadoro of Arizona Sports 98.7 had reported (via Twitter) earlier today that Morris appeared to be the club’s top option among free agent point guards.

Phoenix is limited to minimum-salary offers as a second-apron team, and Morris’ deal will be for one year, tweets Gerald Bourguet of PHNX Sports. It’s a nice get for the Suns, who had been in the market for a reliable option at the point.

Morris is coming off a down year in which he missed the first half due to a quad injury, changed teams in a midseason trade, and took some time to get back into game shape. He averaged just 5.0 points and 2.1 assists in 14.4 minutes per game across 33 total appearances with Detroit and Minnesota.

However, the 29-year-old has a solid NBA track record as both a backup and a starter. Across five seasons in Denver and Washington from 2018-23, he averaged 10.5 PPG, 4.0 APG, and 2.5 RPG with a shooting line of .480/.392/.829 in 339 games (166 starts; 25.8 MPG).

With three ball-dominant stars in Devin Booker, Bradley Beal, and Kevin Durant, the Suns didn’t really use a traditional point guard much in 2023/24, and I wouldn’t expect Morris to crack the team’s starting lineup. But having a veteran ball-handler who can help organize the offense should provide new head coach Mike Budenholzer with more options in his first year at the helm.

According to Jon Krawczynski of The Athletic (Twitter link), the Timberwolves had interest in re-signing Morris, but his return was considered a long shot after he didn’t have a role in the playoffs and the team acquired Rob Dillingham on draft night.

Kyle Anderson Headed To Warriors Via Sign-And-Trade

July 2nd, 2024 at 5:36pm CST by Dana Gauruder

Free agent forward Kyle Anderson is headed to the Warriors via a sign-and-trade transaction with the Timberwolves, ESPN’s Adrian Wojnarowski reports (Twitter link). He’ll be signing a three-year, $27MM contract. The third year is non-guaranteed, Anthony Slater of The Athletic tweets.

The Timberwolves will receive a future second-round pick swap and cash in the sign-and-trade, Wojnarowski adds (Twitter link).

Anderson will slot into the traded player exception created in the Klay Thompson three-team deal with Dallas and Charlotte. The acquisition will put the Warriors a projected $3.2MM below the $170.8MM luxury tax line with 13 players rostered, cap expert Yossi Gozlan tweets. They’ll be hard-capped at the first tax apron ($178.1MM).

It had been speculated that Anderson, always a solid role player, would be difficult for Minnesota to retain due its salary-cap issues. The Timberwolves are a second-apron team, severely limiting their flexibility. They won’t be able to use the TPE generated by the Anderson sign-and-trade because of the restrictions for second-apron teams under the current CBA.

Rated No. 30 on our list of top 50 free agents, Anderson will jump right into the Warriors’ rotation. He appeared in 79 regular season games last season, including 10 starts, averaging 6.9 points and 4.2 rebounds in 22.6 minutes per contest.

The 30-year-old is highly regarded for his defensive versatility, intangibles, and ability to serve as a secondary ball-handler, though he doesn’t provide much offensive punch. Anderson averaged double digits in points just once in a career that began in the 2014/15 season and is a 33.8% career 3-point shooter.

Fischer’s Latest: Markkanen, Isaac, DeRozan, Lakers, D-Lo, Nets

July 1st, 2024 at 6:51pm CST by Luke Adams

The Jazz are “welcoming” inquiries on Lauri Markkanen, according to Jake Fischer of Yahoo Sports, who wonders if Utah’s offseason could play out like Brooklyn’s has. The Nets agreed to trade Mikal Bridges after efforts to pair him with an impact player came up short. Utah has also explored the trade market for a possible second star to complement Markkanen, talking to Brooklyn about Bridges (as previously reported) and to the Hawks about both Dejounte Murray and Trae Young, sources tell Fischer.

While it’s possible the Jazz will follow the Nets’ lead, selling off their lone star after failing to land another one, they don’t appear eager to part with Markkanen. According to Fischer, the Jazz have conveyed that they remain interested in renegotiating and extending Markkanen’s contract later this offseason and that listening to every offer for the star forward is just about due diligence.

As reported earlier today, both the Warriors and Spurs have interest in Markkanen, Fischer confirms, naming the Kings and Timberwolves as a couple more teams to watch. However, Sacramento’s reluctance to put Keegan Murray on the table in trade scenarios – which NBA personnel believe would be necessary to land Markkanen – may result in the Kings shifting their trade focus to Pelicans forward Brandon Ingram, Fischer writes. As for the Wolves, they’re operating over the second apron and barely have any future draft capital available, so it’s hard to envision a way for them to make a serious play for Markkanen.

Here’s more from Fischer:

The Magic may not end up using all of their cap room on free agents or trades — according to Fischer (Twitter link), they’re working on possibly renegotiating and extending forward Jonathan Isaac‘s contract. A team with cap space can use it to give a player a raise on his current-year salary, then reduce his salary by up to 40% in the first year of an extension, so Orlando may be looking at essentially giving Isaac a bonus this season to get him a team-friendly deal beginning in 2025/26.
Although LeBron James has expressed a willingness to take a pay cut if it allows the Lakers to bring in an impact player, Fischer writes that the team seems to be running out of potential targets – and time – to make that happen. The Lakers “hold an affinity” for DeMar DeRozan, but they’d likely have to incorporate a third team to move off some salary, including perhaps D’Angelo Russell or Gabe Vincent, to have a shot at DeRozan, according to Fischer.
The Nets could be a trade destination for Russell. Sources tell Fischer that Brooklyn has been open to the idea of a reunion with Russell since February’s trade deadline.
If Klay Thompson had re-signed with the Warriors, the plan was to bring him off the bench next season behind second-year guard Brandin Podziemski, according to Fischer. Thompson appears likely to be a starter in Dallas.

Northwest Notes: Topic, Jones, Mitchell, Nori, Nuggets

June 30th, 2024 at 2:52pm CST by Alex Kirschenbaum

Newly-drafted Thunder rookie Nikola Topic has confirmed that he will have surgery to repair a partially torn ACL, per Joe Mussatto of The Oklahoman (Twitter link). This approach had been expected prior to the draft, but that didn’t stop Oklahoma City from selecting the 6’6″ point guard with its No. 12 selection late in the lottery.

Last year with Mega MIS in ABA league play, Topic posted averages of 14.5 points on a .523/.259/.855 shooting line, along with 7.1 assists, 3.6 rebounds and 1.0 steals per game.

Whenever he does return – likely at the start of the 2024/25 season – he’ll join a loaded Thunder roster fresh off securing the Western Conference’s No. 1 seed and a 57-25 record in 2023/24. This year, Oklahoma City is no doubt hoping to build on that success. To wit, the team has already flipped underperforming young guard Josh Giddey for a two-time All-Defensive vet in his absolute prime, 30-year-old former Bulls guard Alex Caruso, as it looks to shore up its perimeter coverage.

There’s more out of the Northwest Division:

During their introductory presser, Thunder rookies Topic, Dillon Jones, and Ajay Mitchell seemed excited about joining such an impressive Oklahoma City squad, writes Joel Lorenzi of The Oklahoman. Jones, a Weber State alum, is going to be a versatile fit on an exciting young Thunder team, per Lorenzi. Topic was impressed with the team’s professionalism. “As I said before, I’m really grateful for the time here, and it’s really probably the best organization I’ve been to,” Topic said. Mitchell, drafted out of Santa Barbara, is open to whatever roster role the team decides is best.
The Pistons‘ decision to hire J.B. Bickerstaff as their next coach has guaranteed that top Timberwolves assistant Micah Nori will stay with Minnesota next season, reports The Athletic’s Jon Krawczynski (Twitter link). Nori has been with Minnesota under head coach Chris Finch since 2021. Nori stepped in to act as Finch’s legs after an injury forced Finch to stay static on the team’s bench during most of its run to the Western Conference Finals this spring. Not only will Nori stick around in Minnesota, he’ll likely earn a raise after going above and beyond the line of duty this postseason, reports Darren Wolfson of KSTP Sports (Twitter link).
As they approach the start of free agency this afternoon, a lot of the Nuggets‘ roster needs hinge on whether or not they’ll be able to re-sign unrestricted shooting guard Kentavious Caldwell-Pope, writes Bennett Durando of The Denver Post. The team’s other free agent rotation wing, journeyman vet Justin Holiday, is not expected to return to Denver, reports Harrison Wind of DNVR Sports. Wind notes that, after trading Reggie Jackson, the Nuggets will be in the market for a backup point guard as well as a veteran reserve center. Although the team has just re-signed backup big man DeAndre Jordan, it doesn’t appear to view him as an actual rotation piece, but more as a locker room leader.

FA Rumors: KCP, Pacers, Mid-Level Usage, Suns, Gillespie, Bullock

June 30th, 2024 at 1:53pm CST by Luke Adams

While teams with cap room have been mentioned most frequently as the top suitors for Kentavious Caldwell-Pope, Mike Singer of The Denver Post (Twitter link) has continually heard the Pacers mentioned as a team to watch for the veteran swingman.

A previous report suggested that a cap-room club like the Sixers or Magic could make an oversized short-term offer (e.g. two years, $50MM) for Caldwell-Pope, but Singer says he’s heard KCP would prefer a longer-term deal.

As John Hollinger of The Athletic writes, if the Nuggets are willing to negotiate a sign-and-trade deal, a package along the lines of Aaron Nesmith and Jarace Walker might work financially, based on Caldwell-Pope’s projected salary range. However, a sign-and-trade involving Caldwell-Pope would hard-cap the Pacers at the first tax apron and the Nuggets at the second apron, so some financial creativity could be required, especially on Denver’s end.

Here are a few more free agency rumors and notes from around the NBA:

Within his latest round-up of rumors, Jake Fischer of Yahoo Sports says not many teams around the NBA are expected to use the full mid-level exception to sign a player, since it can now be used as a de facto trade exception, so there’s some value in retaining a portion of it. Of course, even last season, before the mid-level could be used to accommodate trades, only one team used the entire amount on a single player (Toronto on Dennis Schröder).
The Suns have been linked to a ton of potential minimum-salary point guards, according to Fischer, who names Kyle Lowry and Monte Morris as two of the players viewed as possible targets for Phoenix. There has even been some chatter about the possibility of a reunion with Chris Paul if he’s waived by Golden State, Fischer adds.
After being made an unrestricted free agent by Denver, guard Collin Gillespie is expected to receive interest from the Hawks, Hornets, Suns, and Timberwolves, sources tell Fischer. Gillespie may have to accept a two-way contract and compete for a standard roster spot, Fischer adds. Darren Wolfson of 5 Eyewitness News and SKOR North (Twitter link) confirms Minnesota’s interest in Gillespie but says the team doesn’t seem likely to land him.
Veteran wing Reggie Bullock is unlikely to re-sign with the Rockets, sources tell Kelly Iko of The Athletic (Twitter link). According to Iko, multiple teams have interest in Bullock, who figures to be a minimum-salary target.

Hawks, Bruno Fernando Agree To Push Back Guarantee Date

June 29th, 2024 at 9:36pm CST by Luke Adams

For a second straight year, the Hawks and Bruno Fernando have reached an agreement to push back his salary guarantee date, reports Lauren L. Williams of The Atlanta Journal-Constitution (Twitter link).

In 2023, Atlanta moved Fernando’s salary guarantee deadline from June 29 to July 10, then ultimately kept him on the roster, guaranteeing his full $2.58MM salary for ’23/24. The guarantee date for his $2.72MM salary for ’24/25 has been pushed from June 29 into next month, Williams says, though there are no specific details yet on the new date.

Fernando is one of several players around the league who had a June 28 or June 29 salary guarantee date on his contract for 2024/25. Here are updates on a few of the others:

T.J. McConnell‘s $9.3MM salary for 2024/25, which had been partially guaranteed for $5MM, became fully guaranteed when the Pacers guard remained under contract through Friday, as Tony East of SI.com tweets. Given McConnell’s on-court value to Indiana, he was obviously never in danger of being waived.
That’s also true of Lauri Markkanen, whose contract with the Jazz featured a salary guarantee deadline on Friday. We can safely assume the team didn’t make any effort to push that date back, so the star forward’s $18MM salary for next season is now guaranteed.
Dante Exum remains in the Mavericks‘ plans going forward, according to Tim MacMahon of ESPN, who notes (via Twitter) that the guard’s $3.15MM salary for 2024/25 became guaranteed when he wasn’t waived on Friday. Exum had a very successful return to the NBA last season after two years in Europe, averaging 7.8 PPG, 2.9 APG, and 2.7 RPG with a .533/.491/.779 shooting line in 55 games (19.8 MPG) for Dallas.
Josh Minott‘s $2.02MM salary with the Timberwolves for 2024/25 is now guaranteed, tweets Dane Moore of Blue Wire Podcasts. Minott’s cap hit is a little less than that of a two-year veteran’s minimum, so in addition to having the opportunity to continue developing the 2022 second-round pick, Minnesota will save a little money by carrying him in place of a minimum-salary signing.
Reporting last week suggested that the Rockets planned to keep center Jock Landale through his guarantee date on Saturday, and there have been no indications since then that the plan has changed or that his deadline has been pushed back, so we’re assuming his $8MM salary for 2024/25 is now fully guaranteed. Landale, who had an inconsistent role last season, could be used as a salary-matching piece in a Houston trade at some point during the coming league year.
Our early salary guarantee date tracker has been updated to reflect all of these updates.

James Borrego Pulls Out Of Pistons’ Coaching Search

June 28th, 2024 at 1:10pm CST by Luke Adams

Pelicans associate head coach James Borrego has removed his name from consideration for the Pistons‘ head coaching vacancy, league sources tell Chris Haynes of Bleacher Report (via Twitter). Justin Napoli of Boot Krewe Media first tweeted on Thursday that he was hearing Borrego would remain in New Orleans.

Borrego, who also received serious consideration for the Lakers’ and Cavaliers’ head coaching jobs this offseason, was immediately identified as a candidate for Detroit following the dismissal of Monty Williams last week.

The veteran assistant, who served as the head coach of the Hornets from 2018-22, has spent the last two seasons on Willie Green‘s staff in New Orleans, overlapping with new Pistons president of basketball operations and former Pelicans general manager Trajan Langdon.

One recent report from Marc Stein indicated that the Lakers would also have interest in Borrego as an assistant if he didn’t get a head coaching job, though Stein stressed that the Pelicans would be determined to hang onto him in that scenario.

With Borrego off the table, Timberwolves assistant Micah Nori, Mavericks assistant Sean Sweeney, and former Cavs head coach J.B. Bickerstaff are among the candidates to watch for the Pistons. All three have had interviews with the team, per James L. Edwards III of The Athletic.

Grizzlies To Acquire No. 53 Pick Cam Spencer From Wolves

June 28th, 2024 at 10:33am CST by Dana Gauruder

JUNE 28, 10:33am: The Timberwolves will acquire a future second-round pick from the Grizzlies to move down from No. 53 to No. 57, and cash considerations from the Raptors for No. 57, reports Jon Krawczynski of The Athletic (Twitter link).

JUNE 27, 5:16pm: The Timberwolves are swapping the No. 53 pick to the Grizzlies for the No. 57 pick, Shams Charania of The Athletic and Stadium tweets. Minnesota will then send the No. 57 pick to the Raptors, ESPN’s Adrian Wojnarowski tweets.

UConn shooting guard Cam Spencer was taken with the No. 53 and he’ll now join the Grizzlies. Spencer played a key role in UConn’s championship run this past season, averaging 14.3 points, 4.9 rebounds and 3.6 assists after transferring from Rutgers. He also played three seasons at Loyola Maryland. Spencer shot 44% from beyond the 3-point arc for the Huskies and knocked 41.7% of his 3s in 132 college games.

He’s the fourth UConn player to get selected in this draft. Stephon Castle and Donovan Clingan were chosen in the lottery and Tristen Newton was also selected in the second round.

Cameroon big man Ulrich Chomche was chosen at No. 57 and he’ll join Toronto. He spent this past season with the NBA Academy Africa. He only played three games during the Basketball Africa League qualifiers, in which he averaged 13 points, nine rebounds, three assists, three blocks and one steal per game. Overall, he averaged 8.5 points, 2.4 assists and 2.1 blocks in 26 games last season.

He’s the first player from the NBA Academy to be drafted.

Minnesota, in a cap-saving move, agreed to trade shooting guard Wendell Moore Jr. and the 37th pick to Detroit earlier in the day. The Pistons used that pick to select forward Bobi Klintman.

Essentially, the Timberwolves made three deals to trade out of the second round.

Northwest Notes: Dillingham, Wolves, Blazers, Thunder, Topic

June 27th, 2024 at 4:31pm CST by Luke Adams

Due to team-building restrictions from the second tax apron, the Timberwolves knew they were limited in their ability to acquire impact players this summer. Instead of standing pat, they decided to make another aggressive move, trading an unprotected first-round pick in 2031 and a top-one protected 2030 first-round swap to the Spurs for the rights to Kentucky guard Rob Dillingham, the No. 8 pick.

As Jon Krawczynski of The Athletic writes, Wolves president of basketball operations Tim Connelly views Dillingham as the top shot creator in the draft, a major need for a Minnesota team that struggled to score at times during the 2023/24 regular season and playoffs.

“I don’t know how we can achieve that in the next two or three years via free agency,” Connelly said. “We don’t want to trade our core guys. It’s pretty simplistic. I think we’ve checked a major box that we lacked last year.”

“He’s a guy who, from Day 1, is going to have a role and a responsibility,” Connelly continued, per Chris Hine of The Star Tribune. “Certainly it’s going to be hard for him. But I don’t think you’re that aggressive in the top 10 [of the draft] with a guy you don’t think can play right away.”

Here’s more from around the Northwest:

Somak Sarkar, the former Timberwolves employee who was fired for stealing thousands of files, had a felony third-degree burglary charge dismissed but pled guilty on Wednesday to a misdemeanor charge of unauthorized computer access, reports Baxter Holmes of ESPN. Sarkar is scheduled to be sentenced on July 9.
Asked about using the No. 7 pick on Wednesday to draft Donovan Clingan with centers Deandre Ayton and Robert Williams already on the roster, Trail Blazers general manager Joe Cronin downplayed the idea of a logjam up front, per Bill Oram of The Oregonian. “We’re not good enough to be content at any one position or even just at the starting positions,” Cronin said.
Cronin also made an interesting comment when discussing the rest of the Trail Blazers‘ offseason, telling reporters, “We’re committed to Scoot (Henderson) and Shaedon (Sharpe) being a massive part of what we’re doing, and how do we find ways to give them the support they need and maximize their development?” As Oram points out, there was no mention of guard Anfernee Simons there alongside his backcourt mates, which may be a hint that Portland doesn’t view Simons as part of the team’s young long-term core.
Serbian guard Nikola Topic, whom the Thunder selected 12th overall on Wednesday, said he has never been to Oklahoma and had no clue which team would draft him, writes Joel Lorenzi of The Oklahoman. Head of basketball operations Sam Presti said he doesn’t expect the 18-year-old to play in 2024/25 due to his partially torn ACL, but Topic will spend what could end up being a redshirt season around the team.

Rory Maher contributed to this post.