Minnesota Timberwolves Rumors | Hoops Rumors

And-Ones: Team Canada, Ownership Stakes, Cap Room, Giles

July 15th, 2023 at 9:20am CST by Luke Adams

While a Team USA roster led by Jalen Brunson, Anthony Edwards, Brandon Ingram, and Mikal Bridges will enter the 2023 World Cup as the frontrunner next month, Team Canada’s initial 18-man group features some real star power.

The extended roster, announced this week by Canada Basketball, is headlined by Nuggets guard Jamal Murray, Thunder guard Shai Gilgeous-Alexander, Thunder forward Luguentz Dort, Knicks forward RJ Barrett, and Rockets forward Dillon Brooks.

It also features five other players currently on NBA rosters: veteran big men Dwight Powell (Mavericks) and Kelly Olynyk (Jazz), guards Nickeil Alexander-Walker (Timberwolves) and Cory Joseph (Warriors), and forward Oshae Brissett (Celtics). Purdue’s star center Zach Edey is on the roster too.

Team Canada will have to make a few cuts to get down to 12 players for the World Cup, and it’s possible some of the more notable names will drop out in order to focus on the NBA season. However, league sources tell Joe Vardon of The Athletic that Murray has reaffirmed his commitment to the team despite a lengthy postseason run with the Nuggets this spring.

Here are a few more odds and ends from around the basketball world:

The minimum stake that someone can own in an NBA franchise has been lowered, according to Mike Vorkunov of The Athletic, who says a minority shareholder can now control as little as 0.5% of a team, down from 1%.
A total of eight teams operated below the cap this offseason, having entered the league year with $277MM in combined cap room, per Yossi Gozlan of HoopsHype. As Gozlan outlines, over half of that league-wide cap space was used to accommodate trades or contract negotiations rather than free agent signings.
Sean Cunningham of FOX40 in Sacramento (video link) caught up with free agent big man Harry Giles to talk about the 25-year-old’s efforts to make it back into the NBA, as well as the new rule related to two-way contracts that will unofficially be named after him.

Wolves Notes: Minott, Edwards, Free Agents

July 13th, 2023 at 11:35am CST by Arthur Hill

Josh Minott created excitement among Timberwolves fans with his G League highlights, but he knows he still has a lot to prove at the NBA level, writes Jon Krawczynski of The Athletic. The second-year small forward understands that nothing will be given to him as he tries to make an NBA breakthrough, so he’s been approaching Summer League play the same way he did as a rookie.

“Last year, had no respect. This year, no respect,” Minott said. “I’m just trying to go out there and just show what I can do, show the coaching staff.”

The 45th pick in the 2022 draft, Minott impressed scouts with his athleticism, but he saw limited playing time in college and shot just 14% from three-point range. The Wolves took a chance on him because president of basketball operations Tim Connelly believed his energy, play-making and defense could help him develop into an NBA player.

Minnesota needs someone to replace Taurean Prince, who was lost to the Lakers in free agency, and Minott hopes to seize that opportunity. Krawczynski states that Minott has been working out regularly at the team facility, and the Wolves are giving him challenging defensive assignments during Summer League.

“They’re not trying to see me come down and jack five 3s,” Minott said. “They’re trying to see me come down and lock up their best player and stuff like that, cut, a lot of off-ball actions, screening, rolling, slipping, being able to knock down a corner 3 if need be. Overall, in terms of what I can do, it’s whatever a team’s missing.”

There’s more on the Timberwolves:

Minnesota signaled that Anthony Edwards is the centerpiece of its future by giving him a max extension, but the front office hasn’t committed to surrounding him with a roster that complements his skills, observes Michael Rand of The Star Tribune. The Wolves appear to be headed into another season with Karl-Anthony Towns and Rudy Gobert, whom Rand views as an awkward combination with each other and with Edwards. Rand believes a Towns trade is inevitable within the next year to rebuild the draft assets that were drained in the Gobert deal and to possibly to find a younger point guard to replace Mike Conley.
Senior VP of basketball operations Matt Lloyd reportedly attended a Tandem Sports free agent workout on Tuesday featuring Elfrid Payton, Justin Jackson, Chasson Randle and Ignas Brazdeikis, per Darren Wolfson of 5 Eyewitness News and SKOR North (Twitter link). The Wolves also are said to have watched Harry Giles and Dion Waiters in Las Vegas, two more players attempting NBA comebacks, Wolfson adds.
In case you missed it, we recently passed along details on the new contracts signed by Troy Brown, Shake Milton and Nickeil Alexander-Walker.

Rory Maher contributed to this post.

Northwest Notes: Lillard, T. Brown, Milton, J. Collins, OKC

July 11th, 2023 at 12:16pm CST by Luke Adams

Appearing on ESPN’s SportsCenter (YouTube link) on Monday night to provide an update on the Damian Lillard trade talks, Adrian Wojnarowski said it’s still “very early” in the process, pointing out that there’s no deadline looming to force the Trail Blazers into action — or to push potential Lillard suitors to submit their best offers.

While the Clippers would “love to be part of this process,” they don’t necessarily have the sort of assets the Blazers are seeking for Lillard, according to Wojnarowski. Portland also isn’t particularly moved by what what the Heat has to offer, but that Miami package may be the best the Blazers can get, Woj suggests.

“Now it’s going to be a process over perhaps this month, August, maybe into September, for Portland to try to extract as much as they can from Miami,” Wojnarowski said. “It isn’t like Miami comes to the table and says, ‘Here’s everything we have for Damian Lillard. Here you go.’ It doesn’t start that way. They’re gauging what Portland has (had) offered to them elsewhere.”

Here’s more from around the Northwest:

Troy Brown‘s two-year, $8MM deal with the Timberwolves is only guaranteed for one year, according to Michael Scotto of HoopsHype (Twitter link). Brown’s $4MM salary for 2024/25 is non-guaranteed. The Wolves used the same structure when they signed Shake Milton, whose $5MM salary for ’23/24 is guaranteed while his $5MM salary for ’24/25 isn’t, Hoops Rumors has learned. Nickeil Alexander-Walker‘s two-year, $9MM contract, on the other hand, is fully guaranteed.
After being the subject of trade speculation for years in Atlanta, John Collins is looking forward to getting a fresh start with the Jazz, he said during an interview on the team’s official website. “I was excited going to a place that I knew really wanted me and was trying to have me in the organization,” Collins said. “It’s always very nice to hear and know coming to a place that really wants you and really wants you to excel here. It’s a big sigh of relief knowing that all the trade talks are over and I can go to my new home and start anew.”
The Thunder‘s decision to use their cap room to accommodate salary dumps like Davis Bertans, Victor Oladipo, and Patty Mills this offseason reflected the team’s focus on its young core, Joe Mussatto of The Oklahoman writes. As Mussatto explains, with potentially pricey extensions coming down the road for players like Josh Giddey, Jalen Williams, and Chet Holmgren, Oklahoma City didn’t want to compromise future cap flexibility by signing a free agent to a long-term deal.

Contract Details: Sabonis, Middleton, VanVleet, Russell, Clark

July 10th, 2023 at 10:59pm CST by Dana Gauruder

The Kings’ renegotiation and extension of Domantas Sabonis‘ contract includes $203.6MM in guaranteed money, Michael Scotto of Hoops Hype tweets. The five-year deal also includes $13MM in incentives, raising its potential value to $216.6MM.

Sacramento used $8.6MM in cap room to give Sabonis a raise on next season’s salary – from $22MM to $30.6MM — then added four more years via the extension.

We have more contract-related notes:

Khris Middleton has a player option in the final season of his new three-year deal with the Bucks, Scotto tweets. As previously reported, his contract includes $93MM in guaranteed money and another $9MM in bonus incentives.
Fred VanVleet‘s huge three-year contract with the Rockets includes a 15% trade kicker, according to Blake Murphy of Sportsnet (Twitter link). The previously reported team option for the third year is valued at $44.89MM.
D’Angelo Russell‘s two-year contract with the Lakers is guaranteed for $36MM, Spotrac contributor Keith Smith tweets. The second season is a player option and Russell has $700K in incentives for both seasons. Additionally, Russell has waived his implied no-trade clause.
Jaylen Clark‘s two-way contract with the Timberwolves is a two-year deal, Smith tweets.
Leonard Miller‘s four-year, $8.3MM contract with the Timberwolves is guaranteed for the first two years, Scotto tweets. The third year is 50% guaranteed, and the fourth year is a team option.

Wolves Notes: Finch, Towns, Gobert, Edwards, Conley, Minott

July 9th, 2023 at 10:00am CST by Arthur Hill

Outside reviews of the Karl-Anthony Towns and Rudy Gobert pairing were mostly negative, but the Timberwolves saw enough potential that they haven’t tried to break up the experiment this summer. In an interview with Chris Hine of The Star Tribune, head coach Chris Finch talks about how he will approach the upcoming season with the two big men in his starting lineup.

“I think we have to be way more definitive with our spacing around Rudy in pick and roll and KAT in the post,” Finch said. “That gives you two anchor points. Maybe in general, just a little more structured two-big spacing. Both bigs having a purpose at the same time. Then, I think we got away from KAT being in the trail spot. I think we’ve got to get him back where he’s really destructive, which is playing at the top of the floor early in the offense. That’s just off the top of my head of the things that pop out, which I feel pretty confident about being able to firm that up.”

Finch also said Anthony Edwards needs to re-establish his pick-and-roll game with Towns, who missed a major portion of last season with a calf injury. Finch believes Edwards and Gobert developed good chemistry together, and he wants to see that same decisiveness when Edwards is running the pick and roll with Towns.

There’s more on the Timberwolves:

In the same interview, Finch said Mike Conley was able to upgrade the offense after being acquired in February, and he hopes to see even more progress this season. “I think the single biggest thing he can do for us that we weren’t able to maximize or figure out is to be that connective bridge between Ant, Rudy and KAT,” Finch said. “Make all the right plays and all the little plays that you don’t see, and help talk everybody through all these situations. He’s not wired to want to score all the time.”
Edwards will face a new level of pressure in the wake of his max extension, including the expectation of bringing an NBA title to Minnesota, observes La Velle E. Neal III of The Star Tribune. The deal also signifies that Edwards has replaced Towns as the face of the franchise, Neal adds.
After appearing in just 15 games as a rookie, Josh Minott is approaching Summer League in hopes of showing the Wolves he can handle a larger role, Hine adds in another Star Tribune story.“It’s just another opportunity to show the jump I’ve made, to show the work that I’ve been putting in over the summer,” Minott said. “Anybody can watch a workout, but I feel like it’s environments like this, environments like Summer League, where you see how much the work has translated and just how much you’ve gotten better.”

Second-Round Pick Leonard Miller Signs With Timberwolves

July 8th, 2023 at 9:50pm CST by Arthur Hill

The Timberwolves have reached a four-year deal with second-round pick Leonard Miller that contains a full guarantee on the first two seasons and a partial guarantee beyond that, tweets Darren Wolfson of 5 Eyewitness News. Wolfson doesn’t provide dollar amounts for the contract, but the signing is also confirmed by NBA.com’s transactions page.

Miller was selected by the Spurs with the 33rd pick in last month’s draft before being traded to Minnesota for future draft assets. He was considered a potential first-round selection after a strong performance with G League Ignite.

The Wolves’ signings of Shake Milton and Troy Brown are also official, according to the transactions log. Minnesota used portions of its mid-level exception to add both players.

Milton, who spent his first five NBA seasons with the Sixers, reportedly received a two-year, $10MM contract, while Brown, a part-time starter with the Lakers last season, will get $8MM over two years with a team option on the final year.

The re-signing of shooting guard Nickeil Alexander-Walker, who is being paid $9MM for two years, still isn’t official.

Anthony Edwards Signs Five-Year Max Extension With Timberwolves

July 8th, 2023 at 8:06pm CST by Luke Adams

JULY 8: The extension is official, the Wolves confirmed on Twitter (video link).

JULY 3: The Timberwolves and rising star Anthony Edwards have reached an agreement on a five-year, designated rookie extension that will pay him the maximum salary, agents Bill Duffy and Joe Branch tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski reports that the deal can be worth up to $260MM, though that would hinge on Edwards making an All-NBA team in 2024 and the salary cap rising by the maximum 10% for the 2024/25 league year. With a 10% cap increase and no All-NBA spot for Edwards, the five-year extension would be worth $217MM.

It will be a straight five-year contract with no player or team option, reports Jon Krawczynski of The Athletic (Twitter link).

“I’m humbled, appreciative and excited to remain in Minnesota as a part of this incredible Timberwolves organization,” Edwards said in a statement to Wojnarowski (Twitter link). “It’s amazing to see where hard work can take you.”

The No. 1 overall pick in the 2020 draft, Edwards has increased his scoring average and efficiency in each of his NBA seasons to date. He averaged 24.6 points, 5.8 rebounds, 4.4 assists, and 1.6 steals with a .459/.369/.756 shooting line in 79 games (36.0 MPG) in 2022/23, earning his first All-Star nod.

Even though the Wolves also have Karl-Anthony Towns and Rudy Gobert on maximum-salary contracts, there was a strong belief entering this offseason that Edwards, the player the franchise will likely build around for years to come, would get a max deal of his own. He looks poised to officially sign it as soon as he becomes eligible to do so later this week.

Edwards will play one more season on his rookie scale contract, which will pay him in $13.5MM in 2023/24, before he receives a massive raise. If the cap increases by 10% to $149.6MM in ’24/25 and Edwards makes an All-NBA team, he, Towns, and Gobert would earn a combined $141MM that season, and that number would only increase further in ’25/26.

While those three max deals – and a potential extension for Jaden McDaniels – figure to hamper the Timberwolves’ financial flexibility going forward, any eventual moves made to address that issue are more likely to involve Towns or Gobert than Edwards.

Edwards is the third 2020 first-rounder to agree to a “Rose Rule” rookie scale extension that can start at up to 30% of the cap instead of 25%. Tyrese Haliburton of the Pacers and LaMelo Ball of the Hornets will also reportedly sign those deals, while Desmond Bane of the Grizzlies is getting a rookie scale extension worth the standard 25% max.

NBA Reveals Dates, Groups For In-Season Tournament

July 8th, 2023 at 7:40pm CST by Arthur Hill

The NBA has announced the five-team groups that will used for the league’s first-ever in-season tournament, writes Tim Bontemps of ESPN. The unveiling took place Saturday during a special episode of ESPN’s “NBA Today” held at “NBA Con” in Las Vegas.

The groups were determined in a draw similar to what is used in soccer’s World Cup. There are six groups — three each from the Eastern Conference and Western Conference — and each conference was split into five pots based on last season’s standings. One team was randomly selected from each of the pots to determine the opening-round matchups.

The results are:

Group 1: Sixers, Cavaliers, Hawks, Pacers and Pistons.
Group 2: Bucks, Knicks, Heat, Wizards and Hornets.
Group 3: Celtics, Nets, Raptors, Bulls and Magic.
Group 4: Grizzlies, Suns, Lakers, Jazz and Trail Blazers.
Group 5: Nuggets, Clippers, Pelicans, Mavericks and Rockets.
Group 6: Kings, Warriors, Timberwolves, Thunder and Spurs.

The tournament will start with group play, which will match each team with the other four in its grouping. Those games will take place on Nov. 3, 10, 14, 17, 21, 24 and 28.

The winner of each group will advance to a knockout round, joined by the team with the best record in each conference among those who didn’t win a group. Quarterfinal games will be played Dec. 4 and 5, hosted by the higher-seeded teams. The four winners in that round will move on to T-Mobile Arena in Las Vegas for the Dec. 7 semifinals and the Dec. 9 championship game.

Bontemps points out that all teams will play within their conference until the last game, which guarantees an East vs. West matchup, just like the NBA Finals.

“Everybody’s not going to buy in right away,” admitted Joe Dumars, the NBA’s executive vice president of basketball operations. “So that can’t be the goal that everybody’s going to buy in from day one. These things take time. And I think, as time goes on, I think you can build this up and people can really get into it.”

The championship trophy will be called the NBA Cup, and players will receive $500K each for winning it. Other prize money includes $200K for second place, $100K for losing in the semifinals and $50K for losing in the quarterfinals. The league opted not to provide other incentives, such as a guaranteed playoff spot, for the tournament winner.

We passed along more details on the in-season tournament right here.

Wolves’ Mike Conley Wins 2022/23 Sportsmanship Award

July 7th, 2023 at 5:50pm CST by Rory Maher

Timberwolves point guard Mike Conley has won the Sportsmanship Award for the 2022/23 season, the NBA announced in a press release.

According to the NBA, each of the league’s 30 teams nominated one of its players for the award. It was then narrowed down to six finalists — one from each division — by a panel of league executives. Finally, current players voted for the winner.

As the full voting results show, Conley narrowly edged Boban Marjanovic for his fourth award, which is the most in league history — he had previously been tied with Grant Hill at three apiece. The annual award is “designed to honor a player who best represents the ideals of sportsmanship on the court,” per the NBA.

The other four finalists, listed in order of the voting results, were Darius Garland, Bam Adebayo, Harrison Barnes and Jalen Brunson.

Conley, 35, appeared in 67 games for Utah and Minnesota in ’22/23, having been traded in February. The steady veteran averaged a combined 11.9 PPG, 6.7 APG, 2.7 RPG and 1.1 SPG on .428/.385/.834 shooting in 30.3 MPG.

The Sportsmanship Award trophy is named after Joe Dumars, the Hall-of-Fame guard who won the inaugural award back in ’95/96.

Timberwolves Sign Jaylen Clark To Two-Way Contract

July 7th, 2023 at 2:23pm CST by Luke Adams

Former UCLA wing Jaylen Clark has officially signed his first NBA contract, having inked a two-way deal with the Timberwolves, according to NBA.com’s transaction log.

Clark had a big junior year for the Bruins in 2022/23, increasing his scoring average to 13.0 PPG while also contributing 6.0 RPG and 2.6 SPG in 30 contests (30.5 MPG). He was named to the All-Pac-12 team and was the conference’s Defensive Player of the Year.

Clark, who injured his Achilles earlier this year and underwent surgery after the season, isn’t expected to be ready for the start of his rookie year. However, Minnesota is optimistic about what he’ll be able to bring to the team once he’s healthy — after selecting him with the No. 53 pick last month, president of basketball operations Tim Connelly referred to Clark as “the best perimeter defender in the draft.”

Luka Garza holds one of the two-way contract slots for the Timberwolves, so they have one opening remaining. The best candidate to fill it is Matt Ryan, who is still a restricted free agent after receiving a two-way qualifying offer in June.

Of the 58 players selected in the 2023 draft, 38 have now officially signed NBA contracts, as our tracker shows.