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Matt Ryan Returns To Timberwolves On Two-Way Deal

September 26th, 2023 at 2:25pm CST by Luke Adams

2:25pm: Ryan has officially re-signed with the Wolves on a two-way contract, per NBA.com’s transaction log. As we relayed in a separate story, Ryan’s roster spot for the regular season isn’t necessarily safe, as he’ll have to compete with Minnesota’s camp invitees to retain his two-way spot.

7:57am: After remaining on the restricted free agent market for nearly three months, swingman Matt Ryan is signing a two-way contract to return to the Timberwolves, sources tell Shams Charania of The Athletic (Twitter link).

Ryan opened last season on a non-guaranteed contract with the Lakers, but was waived at the start of December and quickly caught on with the Timberwolves on a two-way deal, finishing the season in Minnesota.

He appeared in 35 total games for the two Western clubs in 2022/23, averaging 3.6 points in 9.1 minutes per game while making 38.1% of his three-point attempts.

Ryan’s ability to hit outside shots – he’s a career 40.1% three-point shooter in 37 G League regular season appearances – helped earn him a qualifying offer from the Timberwolves in June that made him a restricted free agent. He had the option of accepting that QO, equivalent to another one-year, two-way contract, or seeking out an offer sheet from a rival suitor, which Minnesota could have matched.

Given that he’s remaining with the Wolves, it appears Ryan was unable to find a viable offer from another team this summer. He was one of two restricted free agents still on the market, along with fellow two-way RFA Theo Maledon of the Hornets.

Once Ryan officially re-signs, Minnesota will have filled all three of their two-way slots. Luka Garza and Jaylen Clark are the other two Wolves on two-way deals.

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Matt Ryan Will Have To Earn Two-Way Spot For Regular Season

September 26th, 2023 at 1:30pm CST by Luke Adams
  • Although Matt Ryan is signing a new two-way contract with the Timberwolves, he’s not necessarily guaranteed to keep that roster spot into the regular season, according to Jon Krawczynski of The Athletic, who reports (via Twitter) that Ryan will compete for a two-way spot with Minnesota’s other camp invitees. Krawczynski adds (via Twitter) that the sharpshooter worked out for the Pelicans last week before agreeing to re-sign with the Wolves.
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Pre-Camp Roster Snapshot: Northwest Division

September 24th, 2023 at 8:40am CST by Luke Adams

Hoops Rumors has spent the last week taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.

This series is meant to provide a snapshot of each team’s roster right now, so these articles won’t be updated in the coming weeks as more signings, trades, and cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.

We’re wrapping up our pre-camp Roster Snapshot series today with the Northwest Division. Let’s dive in…

Denver Nuggets

The Nuggets, whose last signing came on August 3, apparently wanted to wrap up their offseason activity early. They’ve been carrying a full 21-man roster since then, including a group of 15 players on guaranteed contracts and three on two-way deals that appears pretty regular-season-ready.

The one question is whether Denver will hang onto Cancar, who tore his ACL this summer and may miss the entire 2023/24 season. I wouldn’t expect the Nuggets to make a final decision on him until later in the season, when they have a better sense of whether or not they need to use that 15th roster spot on a healthy player. Cancar’s contract includes a $2.35MM team option for 2024/25, so he could still provide value before he eventually reaches free agency.

Minnesota Timberwolves

Squeezing in one more player below the luxury tax line is technically a possibility for the Timberwolves, but it’d be a tight fit, and the team has to account for $1.5MM in unlikely incentives in Conley’s contract. I’d expect Minnesota – whose roster is pretty deep already – to be satisfied carrying 14 players into opening night.

That would leave the final two-way slot as the biggest preseason roster issue to resolve. Nix and Krejci both have multiple seasons of NBA experience under their belts but remain eligible for a two-way deal, so they could be viable options for that spot — especially if the Wolves are seeking a player who could step in and contribute right away if needed. However, Matt Ryan, who still has a two-way qualifying offer on the table, figures to get first dibs.

Oklahoma City Thunder

The Thunder’s regular season roster decision won’t be as easy as waiving their players without fully guaranteed contracts, since Joe and Wiggins were solid rotation players last season and White was an offseason signee who has a partial guarantee.

I expect Oklahoma City to trade or waive at least two players with fully guaranteed salaries — Bertans, Mann, Oladipo, and Robinson-Earl are among those whose spots may not be locked in.

Portland Trail Blazers

The Trail Blazers’ roster situation remains very much in flux, with Lillard still on the trade block and Nurkic another prime candidate to be moved before the season begins.

Until the Lillard situation is resolved – either with a trade or with a decision that he won’t be moved before opening night – it’s hard to say what moves might be needed in Portland. A Lillard deal would likely see the Blazers take back more players than they send out, in which case additional free agent additions probably wouldn’t be necessary.

Utah Jazz

With just 12 players on fully guaranteed salaries, the Jazz have some flexibility, but I’d be surprised if they don’t simply start the season with Yurtseven, Samanic, and Dunn filling out the standard 15-man roster.

Yurtseven was an offseason signee, Dunn figures to be in the mix for the starting point guard job, and if the Jazz didn’t want to keep Samanic, they could’ve simply cut him before he received that $400K partial guarantee earlier this summer.

Previously:

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Wolves’ Connelly Talks Gobert, KAT, Edwards, Milton

September 22nd, 2023 at 11:38am CST by Luke Adams

As we relayed on Thursday, Timberwolves president of basketball operations Tim Connelly spoke during an appearance on The Jon Krawczynski Show about the team’s desire to keep Jaden McDaniels around for the long term, telling Krawczynski that he’d love to get an extension done with the young forward before the season begins.

Connelly’s comments about McDaniels weren’t the only interesting takeaway from that conversation. As Krawczynski writes for The Athletic, the Wolves’ lead decision-maker also addressed several other topics related to the club’s offseason and expectations for the 2023/24 season, including why Minnesota is more optimistic about the pairing of Rudy Gobert and Karl-Anthony Towns heading into their second year together.

“We don’t have too much video, but we have enough video to understand where we were wrong and where we were right and kind of drill down on those things that were working and say, ‘Maybe we were wrong with this is how things potentially could work,'” Connelly said. “So I just think collectively, knowing all the actors is going to make things a whole lot easier.”

Here are a few more highlights from Connelly during his interview with Krawczynski:

On whether the Wolves viewed 2022/23 as a down year for Gobert:

“I think at times we kind of don’t appreciate how impactful it can be (for a player) to make a big move. And the first one. So I think Rudy was very good last year by NBA standards. I thought by his standards, I don’t think he played up to his standards. I think he’d be the first to tell you. He was coming off a brutal European championship where I think he played until maybe eight days before the season. Nobody works harder than Rudy. Nobody pays more attention and detail to every single aspect of his game, his body, his mental approach. And he’s super, super excited to have a more comfortable season both on and off the court.”

On why he has big expectations for Anthony Edwards this season:

“I think he’s primed to have a monster year. … His work ethic has been insane this offseason. I mean, the guy’s in the best shape of his life. He’s so excited to take the next step, excited with the guys on this team and what they can do as they grow together. But I think with him, anything that’s not sincere or not kind of true to who he is, I think he smells it out quickly. So him forging his path, I think is the challenge that we’ve given him. And how can we help ensure he’s doing it in a way that’s reflective of who he is?”

On the role the Wolves envision for free agent addition Shake Milton:

“We view Shake as a point guard. He’s started enough NBA games at that position where we feel confident that he can handle that load. He’s a guy that, when given the opportunity, he always produced and produced for good teams. Philadelphia has won as many games as anybody in the last three or four years. So we were excited to get him in. I think it gives us a different look with size at that position, his ability to score around the paint and his ability to be a good match for our bigs. He can make some of the passes that, at 6’5″, 6’6″, he’s allowed to make that maybe smaller guards can’t make. So we’re excited about him.”

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Connelly Says Wolves Want McDaniels “To Be Here As Long As Possible”

September 21st, 2023 at 3:56pm CST by Rory Maher

As a former first-round pick entering the fourth and final year of his rookie contract, Timberwolves wing Jaden McDaniels is eligible for a rookie scale extension until the day before the 2023/24 regular season starts.

Timberwolves president of basketball operations Tim Connelly said after last season ended that both Anthony Edwards and McDaniels would receive lucrative extension offers this offseason once they became eligible. Edwards signed a maximum-salary deal in July, but McDaniels has yet to ink his own new contract.

Speaking to Jon Krawczynski of The Athletic on his podcast, Connelly was hopeful about coming to terms on an extension with the young forward, who turns 23 next week.

“We’d love to get something done,” Connelly told Krawcyznski. “We want Jaden to be here as long as possible. Oftentimes those back-and-forths pick up more as the season gets closer, but fingers crossed. In my experience in Denver and here, we like to reward people who earned it. Jaden is a huge part of what we’re doing now. He’s going to get better and better and better. Great kid. And we think his best basketball is in front of him.

“As I told Jaden and his representation, the cool thing about extension talks is they should be overwhelmingly positive. The fact that you want an extension speaks to the team’s excitement about his upside. Very few guys are fortunate to get extensions, so again we’re hopeful we can meet that point where we’re both happy with something moving forward. I think he’s going to have a good year and we hope he’s here for a long, long time.”

Players eligible for rookie scale extensions can sign new deals that run for up to five years, with those contracts taking effect beginning in ’24/25. If they don’t sign extensions this offseason, those players will be eligible for restricted free agency in the summer of 2024.

When we covered him as an extension candidate, we projected McDaniels could receive a deal in the range of $25MM annually — it will be interesting to see how much he actually makes if a deal comes to fruition.

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Wolves Hope Better Health Will Aid Gobert-Towns Combo

September 21st, 2023 at 10:00am CST by Arthur Hill
  • The Timberwolves are hoping for improvement in the second year of the Rudy Gobert and Karl-Anthony Towns pairing, Jon Krawczynski of The Athletic states in an overview of Minnesota’s roster. He adds that Gobert was dealing with knee soreness following EuroBasket last fall while Towns missed most of training camp because of an infection, so there’s hope that better health will lead to better results.
  • The Minnesota Board of Medical Practice has fined Timberwolves assistant trainer Jesse Geffon $500 for treating players without a license for part of last season, per Paul Walsh of The Star-Tribune. Geffon joined the team in September, but didn’t apply for his license until February.
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Timberwolves Sign Daishen Nix To Exhibit 10 Deal

September 18th, 2023 at 6:50am CST by Arthur Hill

SEPTEMBER 18: The signing is official, according to RealGM’s transaction log.

SEPTEMBER 17: Daishen Nix will sign a one-year contract with the Timberwolves, tweets Shams Charania of The Athletic. It’s an Exhibit 10 deal, according to Chris Hine of The Star Tribune (Twitter link).

The 21-year-old combo guard averaged 4.0 points, 1.7 rebounds and 2.3 assists in 57 games with the Rockets last season. Shooting has been an issue for Nix, who connected on just 34.2% of his attempts from the field and 28.6% from beyond the arc in 2022/23.

Nix earned a two-way contract with Houston in 2021 after playing one year with the G League Ignite. He spent most of his rookie season in the G League, where he helped the Rio Grande Valley Vipers capture the championship.

The Rockets decided to waive Nix in late June before his $1,836,096 for next season became guaranteed. Houston had a team option for Nix for 2024/25, but it was also non-guaranteed.

The Exhibit 10 clause in Nix’s new deal with the Wolves will allow him to earn a bonus worth up to $75K if he’s waived and spends at least 60 days with Minnesota’s G League affiliate in Iowa. Exhibit 10 contracts can also be converted into two-way deals.

Minnesota has 14 players with fully guaranteed standard contracts, plus one two-way spot open, so there’s an opportunity for Nix to make the roster if he’s impressive during training camp. Once Nix’s signing becomes official, the Wolves will have two openings left on their offseason roster.

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Timberwolves Notes: Payne, Payton, Chandler, Edwards, Towns

September 16th, 2023 at 9:12am CST by Tristan Tucker

The Timberwolves are “kicking the tires” on free agent point guard Cameron Payne, reports Darren Wolfson of 5 Eyewitness News (Twitter link). However, as of Friday morning, the team hadn’t extended an offer to the veteran guard, per Wolfson.

Payne, 29, averaged 10.3 points and 4.5 assists in 48 games with the Suns last year, becoming a reliable rotation point guard for Phoenix. The 6’1″ guard closed out his Suns tenure with a 31-point game in the playoffs against Denver. Phoenix traded him to San Antonio this offseason in order to open up a roster spot, then he was waived by the Spurs on Monday.

Minnesota has also had a couple point guards – Elfrid Payton and Kennedy Chandler – in for workouts during the last few weeks, according to Wolfson. However, neither guard was offered a contract following their respective workouts.

Payton, 29, holds career averages of 10.1 points and 5.7 assists in 500 NBA games. The 6’3″ guard hasn’t appeared in a game since the 2021/22 season. Chandler, 21, spent last season with Memphis after being drafted with the No. 38 overall pick in the 2022 draft. However, the former Tennessee guard was waived in April. He averaged 2.2 points in 36 appearances in his lone NBA season so far.

We have more from the Timberwolves:

  • Anthony Edwards‘ ascension from young star to potential superstar was obvious during the 2023 FIBA World Cup, though one of his most impressive moments came off the court, Yahoo Sports’ Jake Fischer opines. Fischer writes that Edwards was asked a question about which teammate he’d rather trade: Karl-Anthony Towns or Rudy Gobert. After initially ignoring it, Edwards circled back to the question. “Neither one, man,” Edwards said. “I like all my teammates. I love them. They my brothers. I wouldn’t trade neither one of them.” In his journey to superstardom, Fischer writes, Edwards’ leadership shined this summer.
  • In his annual NBA player tier rankings, The Athletic’s Seth Partnow placed Towns in his Tier 4B, defining him as a “sub-elite” big. The Athletic’s Jon Krawczynski joined Partnow to go through his logic for placing Towns between the 55th and 66th-best players in the league in his ranking. Partnow reasons that while Towns’s offensive production is tremendous, his defense and availability leave much to be desired.
  • In case you missed it, the Timberwolves signed guard Vit Krejci to a training camp deal on Thursday.
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Timberwolves Sign Vit Krejci To Training Camp Contract

September 14th, 2023 at 2:35pm CST by Rory Maher

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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Super-Max Candidates To Watch In 2023/24

September 14th, 2023 at 7:30am CST by Luke Adams

Note: This is an updated version of an article that was sent exclusively to our Trade Rumors Front Office subscribers in June. Click here for more information on Trade Rumors Front Office.

The NBA’s Designated Veteran rule, as we explain in our glossary entry on the subject, allows players to qualify for a maximum salary worth 35% of the cap before they gain the required NBA service time.

Typically, a player is ineligible to receive a maximum contract that starts at 35% of the cap until he has at least 10 years of experience, but the Designated Veteran rule gives a player with between seven and nine years of experience the opportunity to do so if he meets certain performance criteria. This has become colloquially known as signing a “super-max” deal.

The performance criteria are as follows (only one of the following must be true):

  • The player was named to an All-NBA team and/or was named the NBA Defensive Player of the Year in the most recent season, or in two of the last three seasons.
  • The player was named the NBA MVP in any of the three most recent seasons.

Since the NBA introduced the concept of the Designated Veteran contract in 2017, 12 players have signed them across seven offseasons. Celtics wing Jaylen Brown became the latest player to join that group this summer when he signed a five-year super-max deal that could become the NBA’s first $300MM contract.

Brown will be the only player who signs such a contract this offseason, but it’s worth taking a peek down the road to see which players are the best candidates to join the list of super-max recipients in 2024 and 2025.

We can start by penciling in another Celtic, Jayson Tatum, for 2024. Although he doesn’t yet have enough years of NBA service to sign a Designated Veteran extension, Tatum met the performance criteria in the spring by earning his second consecutive All-NBA berth.

That means that even if he doesn’t make an All-NBA team in 2024, he’ll have received an All-NBA nod in two of the previous three seasons when he meets the service time criteria next summer, making him super-max eligible. It seems likely the Celtics will offer him a Designated Veteran extension at that time.

Here are some other candidates to watch during the 2023/24 season:

2024

Because a player become ineligible for a Designated Veteran extension if he’s traded after his first four years in the NBA, prime candidates like Donovan Mitchell and Domantas Sabonis won’t be able to qualify. Still, there’s an intriguing group of candidates in play for next summer.

Ingram, Murray, and Siakam, members of the 2016 draft class, would have become super-max eligible if they had made an All-NBA team this year. They’ll get another chance in 2024.

Ingram averaged a career-best 24.7 points and 5.8 assists per night in 2022/23, but injuries limited him to just 45 games. While he’s not one of the best 15 players in the NBA, it’s not impossible to imagine the 26-year-old earning an All-NBA spot if he stays healthy and helps lead the Pelicans to a top-four seed in the West. He’s probably a long shot, but we can’t rule him out entirely.

Murray was making his way back from an ACL tear last season, which meant he was subject to load management and wasn’t necessarily at his best from day one. But his postseason performance – 26.1 points per game on .473/.396/.926 shooting en route to a championship – served as a reminder that he has All-NBA upside.

Siakam made the All-NBA Second Team in 2020 and the Third Team in 2022 and received some votes in 2023. However, he still needs one more All-NBA nod in 2024 to become eligible for a Designated Veteran deal. He’ll be a candidate to watch as long as he remains in Toronto for the 2023/24 season. A trade – which would make him ineligible – still looms as a possibility.

Adebayo and Fox are 2017 draftees with just six years of NBA experience, which means that Fox didn’t meet the Designated Veteran performance criteria by earning All-NBA honors in May — he’ll need to do it again in 2024 to qualify for a super-max deal. His performance this past year showed that he’s capable of it.

Adebayo’s path to an All-NBA berth is complicated by the fact that the All-NBA teams will become positionless beginning in 2024. That means voters won’t necessarily have to choose three centers, which may reduce his odds of making the cut.

Still, the field of All-NBA candidates may be more wide open than usual in 2024, since the league is also requiring players to appear in at least 65 games in order to be eligible for one of the 15 spots. That means a player who misses a few weeks with an injury might be out of the running. If Ingram, Murray, Siakam, Fox, and Abebayo can stay healthy and play at least 65 times, their All-NBA odds will increase.

It’s worth noting too that being named Defensive Player of the Year is another way to qualify for a super-max. Adebayo has finished in the top five in voting for that award in each of the last four seasons and is a legitimate candidate to win it at some point.

2025

Doncic, Gilgeous-Alexander, and Jackson were drafted in 2018 and have just five years of NBA experience, so they’re still two years away from having the service time required for a Designated Veteran contract — none of them would be able to sign a super-max extension until 2025. However, they all have an opportunity to meet the performance criteria in 2024.

Doncic and Gilgeous-Alexander made up the All-NBA First Team backcourt in 2023, so if they make an All-NBA team again next year, they’ll have done so in at least two of the three years leading up to the 2025 offseason.

As for Jackson, he missed out on All-NBA honors in 2023, but was the league’s Defensive Player of the Year. It’s a tall order, but if he can win a second DPOY award in either of the next two seasons, he’ll make himself eligible to sign a super-max contract in 2025.

The rookie scale extension recipients

Ball, Edwards, and Haliburton have all signed five-year, maximum-salary rookie scale extensions this offseason that project to start at 25% of the 2024/25 cap. If we assume the cap will rise by the maximum allowable 10%, those deals would be worth just shy of $217MM.

However, all three extensions include Rose Rule language. This is another form of the super-max — we can call it the “mini” super-max, paradoxical as that may sound. Unlike a player who signs a Designated Veteran contract, which starts at 35% of the cap instead of 30%, a player who meets the Rose Rule criteria can receive a starting salary worth 30% of the cap rather than 25%.

The performance criteria for a Rose Rule salary increase are essentially the exact same as for a Designated Veteran bump, but must be achieved by the end of the player’s four-year rookie contract. That means Ball, Edwards, and Haliburton would have to make the All-NBA team in 2024 in order to increase the projected value of their respective extensions to $260MM over five years — an All-NBA berth in 2025 or 2026 would be too late.

Each of these three players has an All-Star berth under his belt, so making the leap to All-NBA certainly isn’t inconceivable. Edwards may be the best bet of the three to qualify for the mini super-max, but if Ball and Haliburton can lead their teams to playoff spots, they’d certainly have a case.

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