Timberwolves Rumors

More Notes On Blockbuster Knicks/Timberwolves Trade

Before news of the Karl-Anthony Towns trade broke on social media on Friday night, Timberwolves president of basketball operations Tim Connelly visited Towns at his Minnesota home to let him know that he was being traded to the Knicks, according to Jon Krawczynski of The Athletic.

As Krawczynski details, the fact that the Wolves moved off one of their highest-paid players didn’t come as a total surprise, given the team’s high payroll in 2024/25 and beyond, but the timing of the move was “an absolute thunderbolt that no one saw coming” after the team spent the offseason lauding its roster continuity and chemistry.

According to Krawczynski, the Wolves had an increasingly difficult time envisioning a scenario in which they were able to keep their existing roster intact beyond the 2024/25 season. Sources tell The Athletic that if Towns had stayed in Minnesota long-term, it likely would’ve meant parting with fan favorite Naz Reid and Nickeil Alexander-Walker.

Getting two rotation players – Julius Randle and Donte DiVincenzo – in exchange for one will create more flexibility going forward for the Wolves, especially since Randle has the opportunity to reach free agency in 2025. While it doesn’t sound like there are any immediate plans to flip the newcomers – Krawczynski says Randle has “plenty of advocates” in Minnesota and the team has long had interest in DiVincenzo – their contracts should make them easier to move on the trade market, if necessary, than Towns was with four years and $220MM left on his deal, Krawczynski observes.

Here’s more on the Towns trade, which is still in the process of being finalized:

  • The Knicks repeatedly called the Timberwolves over the years to express their interest in Towns, but those discussions never really evolved into full-fledged negotiations until now, says Fred Katz of The Athletic.
  • While the “Villanova Knicks” won’t get to take the court this season – with DiVincenzo sent to Minnesota before Mikal Bridges has played his first game as a Knick – the club is excited about the way that Towns will complement Bridges, Jalen Brunson, and OG Anunoby, league sources tell The Athletic. Katz adds that Towns’ plus-minus numbers helped convince the Knicks to roll the dice on him, as the Wolves have consistently been better with him on the court throughout his career.
  • There’s not expected to be any lingering tension between Towns and former Wolves head coach Tom Thibodeau. Towns has publicly spoken about harboring no ill feelings toward Thibodeau after their up-and-down time together in Minnesota from 2016-19, and a source close to the Knicks’ head coach says he feels the same way, per Katz. “If a guy can play,” that source said, “Thibs wants him.”
  • Although Towns and Randle have seven All-Star nods between them, both stars come with their share of question marks related to their injury histories, contract situations, and defense. Michael Pina of The Ringer considers the risk that both sides are taking on by making this move and questions the timing of the agreement.
  • In his analysis of the deal, John Hollinger of The Athletic notes that the Knicks addressed their center problem by acquiring Towns, but run the risk of creating “enough other issues that the cure may be worse than the disease.” Specifically, the deal will hurt the team’s wing depth and create major long-term cap challenges, Hollinger writes.
  • James L. Edwards III of The Athletic also isn’t 100% sure that the trade will make the Knicks a better team. Edwards acknowledges that Towns is the best player in the deal, but points out that he won’t address the team’s two biggest short-term needs: frontcourt defense and secondary play-making.
  • ESPN’s Ramona Shelburne, Chris Herring, and Bobby Marks take a look at what the move means for both the Knicks and the Timberwolves and explore the biggest remaining question marks related to the deal.

Knicks Closing In On Trade For Karl-Anthony Towns

The Timberwolves and Knicks are close to completing a blockbuster deal that will send Karl-Anthony Towns to New York.

The Knicks’ package will center around Julius Randle and Donte DiVincenzo, according to The Athletic’s Shams Charania and Jon Krawczynski. Krawczynski adds (via Twitter) that Keita Bates-Diop is headed from New York to Minnesota too.

Minnesota is also receiving the first-round pick that the Pistons owe the Knicks, according to Steve Popper of Newsday (Twitter link). That first-rounder is for 2025, but is top-13 protected. If it lands in its protected range, it would roll over to 2026 (top-11 protected) and 2027 (top-nine protected) before turning into a ’27 second-round pick.

The Knicks are sending DaQuan Jeffries and draft compensation to the Hornets to help facilitate the deal, Charania adds (Twitter link). Charlotte will also acquire cash from New York, per Roderick Boone of The Charlotte Observer.

Jeffries’ new contract is expected to start around $3MM, tweets Ian Begley of SNY.tv. It will have to cover three seasons, but only the first must be guaranteed.

The parties are still working through the details, as the Knicks will need to more salary to make the trade legal, but talks intensified over the last 24 hours, ESPN’s Bobby Marks tweets. It’s a stunning turn of events right before the start of training camp. New York was already involved in a major deal this offseason, trading for the Nets’ Mikal Bridges.

The addition of Towns would give the Knicks more flexibility with their lineup but would come at a large long-term cost in terms of payroll. Towns’ monster four-year, $220MM super-max extension kicks in this season. He’s due to make $49,205,800 this season and his salary escalates over the life of the contract.

Randle has a $28,939,680 salary this season and holds a $30.9MM player option next offseason. DiVincenzo is in the second year of a four-year, $46.87MM contract, including a $11,445,000 salary this season.

Neither the Knicks nor the Timberwolves can take back more money than they send out, since both teams are operating above the $178.1MM first tax apron, cap expert Yossi Gozlan points out (Twitter link). The Wolves are currently over the second apron as well.

Randle also has a trade bonus worth $4.1MM that will be triggered as a result of the deal, according to Gozlan (Twitter link). Trade kickers can be waived partially or entirely to help accommodate a move, though there’s been no indication yet that the forward will do so.

Long-term salary cap implications would certainly factor into Minnesota’s decision, if the deal goes through. Moving off of Towns’ pricey contract will help the Wolves keep the rest of their core together and eventually extend key frontcourt pieces like Rudy Gobert and Naz Reid during a tumultuous time for team ownership. Towns has also suffered a number of injuries during his career, which could also be a factor in the Timberwolves’ thinking.

Towns will give the Knicks a dynamic frontcourt scoring option to complement All-Star guard Jalen Brunson. He could also fill the center spot, which is in flux with Mitchell Robinson sidelined by injury and Isaiah Hartenstein signing as a free agent with Oklahoma City, and slide over to the power forward position at times when Robinson returns. A league source tells Stefan Bondy of The New York Post (Twitter link) that the club views Towns as an ideal complement to its core of Brunson, Bridges, and OG Anunoby.

As Charania and Krawczynski write, Towns grew up as a Knicks fan near New York City and had long been on the team’s radar. The four-time All-Star is also a client at CAA, the former agency of current Knicks president of basketball operations Leon Rose. The Knicks contacted the Wolves about Towns repeatedly over the last two years, sources tell The Athletic, and “stepped up” their pursuit in recent days, tweets Chris Hine of The Star Tribune.

Still, Towns – who had been in Minnesota since being drafted first overall by the team in 2015, had been fiercely loyal to the Wolves over the year, sticking with the team through some challenging years and repeatedly professing a desire to remain with the organization for his entire career. He was “stunned” by the news of the trade, a source tells The Athletic.

It’s also worth noting that Towns and Knicks head coach Tom Thibodeau had a somewhat strained relationship during their overlap in Minnesota from 2016-19, though Krawczynski says Towns has moved past that and holds “no ill feelings” toward Thibodeau.

Randle will replace Towns as the Timberwolves’ power forward, though Reid – a better long-distance shooter than Randle and a good fit next to Gobert – also figures to play a key role in filling the hole created by Towns’ departure.

Sources tell Ramona Shelburne of ESPN (Twitter link) that the Knicks and Randle – who spent the offseason recovering from shoulder surgery – hadn’t made any progress in contract extension negotiations, which made the club more inclined to move him. The Pistons, Hawks and Heat are among the other teams the Knicks talked to regarding potential Randle trades, Begley tweets.

DiVincenzo will provide Minnesota with a solid three-point shooting wing. He’s coming off a career year in which he averaged 15.1 points per game.

As Jake Fischer tweets, the Timberwolves targeted DiVincenzo when he was a free agent in 2023 and he reciprocated their interest at the time before choosing the Knicks. DiVincenzo’s inclusion in the deal was a sticking point for the Wolves, who became “very intrigued” once the Knicks were willing to put him on the table, says Begley (Twitter link).

According to Krawczynski, the Wolves believe the added flexibility the trade provides will put them in a better position to contend in the long-term and maximize Anthony Edwards‘ window.


Luke Adams contributed to this story.

Timberwolves Sign Chasson Randle To Camp Deal

SEPTEMBER 27: Randle has officially signed with the Timberwolves, per a press release from the team.

Minnesota is now at the maximum offseason limit of 21 players under contract.


SEPTEMBER 9: The Timberwolves have agreed to an Exhibit 10 contract with guard Chasson Randle, Michael Scotto of HoopsHype tweets.

Randle, 31, spent last season with AEK Athens but is quite familiar with the NBA. He has appeared in 119 regular season games, seeing action for the Knicks, Sixers, Wizards, Warriors, and Magic. His last stint came with Orlando, when he played in 41 games (five starts) during the 2020/21 season and averaged 6.5 points, 2.0 rebounds and 1.8 assists in 20.4 minutes per contest.

Earlier in the day, the Timberwolves’ G League team, the Iowa Wolves, acquired Randle’s returning player rights from the Oklahoma City Blue (Twitter link). That set the stage for an Exhibit 10 offer.

If they’re waived by their NBA club and join that team’s G League affiliate, players who ink Exhibit 10 contracts are eligible for bonuses worth up to $77.5K (on top of the standard NBAGL salary) should they remain with those affiliate squads for at least 60 days.

And-Ones: G League Trade, Brissett, Future Power Rankings, Lowe

The Suns‘ and Pacers‘ G League affiliates have completed a trade involving a former No. 3 overall NBA draft pick, per a press release from the Valley Suns. Phoenix’s new affiliate acquired the returning rights to guard David Stockton from the Indiana Mad Ants in exchange for the returning rights to forward Garrison Brooks and former lottery pick Jahlil Okafor.

Brooks and Okafor were among the Suns’ picks in June’s expansion draft, but it’s unclear if either one intends to play in the G League at all in 2024/25 — they both competed overseas last season.

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

  • Free agent swingman Oshae Brissett is believed to be drawing interest from a EuroLeague team, according to a report from Sportske.net. As Dario Skerletic of Sportando relays, the Serbian outlet says that the Belgrade-based club Crvena Zvezda has its eye on Brissett as a potential target. The five-year NBA veteran, who won a title last season with the Celtics, has been on the lookout for a new home since he turned down his player option with Boston in June.
  • ESPN’s Kevin Pelton, Bobby Marks, and Tim Bontemps (Insider link) have published the latest installment of their annual “future power rankings,” which are based on each team’s projected on-court success for the next three seasons. The Thunder top this year’s version of the list, while the Celtics drop from No. 1 to No. 2 despite their 2024 championship, since their salary cap situation may get untenable in the near future. The Knicks (third) Sixers (fourth), Mavericks (fifth), Rockets (seventh), Timberwolves (eighth), and Spurs (10th) each rose five or more spots to claim a place in ESPN’s top 10.
  • Howard Beck of The Ringer sorts the NBA’s 30 teams into six separate tiers based on how clear their plans are going forward. The Nets and Wizards, in full-on rebuilds, are among the teams in the “ever-clear” top tier along with championship hopefuls like the Mavericks and Sixers, while clubs with less obvious goals, like the Hawks, Bulls, and Raptors, find themselves in the lowest “fun-house mirror” tier.
  • ESPN has laid off senior writer Zach Lowe, sources tell Andrew Marchand of The Athletic. Lowe is the second noteworthy NBA reporter to depart the network in recent weeks, joining Adrian Wojnarowski, who unexpectedly announced his retirement from the news industry last week.

Timberwolves Waive Trevor Keels

The Timberwolves have cut guard Trevor Keels, Minnesota has announced in a press statement.

The 6’3″ guard had only recently been inked to an Exhibit 10 training camp deal with the club. Should he join Minnesota’s G League affiliate, the Iowa Wolves, and stay with the club for at least 60 days, he’ll earn a bonus worth $77.5K.

The Knicks selected Keels with the No. 42 pick in 2022 out of Duke. He only appeared in three regular season contests for the Knicks, posting averages of 1.0 points and 0.7 rebounds across 2.7 minutes per night.

In 25 regular season contests for New York’s NBAGL affiliate squad that year, the Westchester Knicks, he averaged 13.9 PPG, 3.4 APG, 2.8 RPG, and 1.0 steal while shooting .425/.355/.710. He was waived by New York following his 2022/23 rookie season.

Keels, now 21, played for the Iowa Wolves for the entire 2023/24 season. Across 23 regular season contests (17 starts), Keels averaged 13.5 points (on .434/.367/.857 shooting), 3.8 assists, 2.7 rebounds and 0.9 steals per game.

Derrick Rose Announces Retirement

Former NBA Most Valuable Player Derrick Rose has announced his retirement as a basketball player.

Rose confirmed the decision in a post on Instagram and, according to Malika Andrews and Tim MacMahon of ESPN, by taking out full-page ads in local newspapers of the six NBA cities he played in: Chicago, New York, Cleveland, Minneapolis, Detroit and Memphis.

“Knowing that I gave my all to the game, I feel confident in my decision,” Rose told ESPN. “Basketball was just the beginning for me. Now, it’s important that I give my all to my family — they deserve that.”

Rose added in a statement to Shams Charania of The Athletic: “The next chapter is about chasing my dreams and sharing my growth. I believe true success comes from becoming who you were created to be, and I want to show the world who I am beyond basketball.”

Rose, who will turn 36 next Friday, was selected first overall in the 2008 NBA draft by his hometown Bulls. He earned Rookie of the Year honors in 2009 and was named an All-Star in each of his next three seasons, winning the MVP award in 2011. Over the course of that season, his third in the NBA at age 22, he averaged 25.0 points, 7.7 assists, and 4.1 rebounds per game across 81 starts, leading the Bulls to a league-best 62-20 record.

The fact that Rose won the MVP award while still on his rookie scale contract resulted in an NBA rule being unofficially named after him. As we’ve outlined in a Hoops Rumors Glossary entry, the “Derrick Rose rule” allows players coming off their rookie deals to sign maximum-salary contracts worth up to 30% of the salary cap instead of the typical 25% if they’ve earned a major award such as MVP, Defensive Player of the Year, or All-NBA.

However, Rose’s career hit a snag following his first four seasons in Chicago, as he missed the entire 2012/13 season due to an ACL tear and only played in 10 games in ’13/14 as he continued to recover from that injury.

The 6’3″ guard ultimately made it back to the court on a more regular basis in ’14/15, but he only appeared in more than 51 games in a season twice in his final 10 NBA seasons as he continued to be affected by health issues that sapped him of the speed and explosiveness he displayed in his first few years.

Rose was still an effective role player when healthy, earning Sixth Man of the Year votes in 2019, 2020, and 2021 for the Timberwolves, Pistons, and Knicks, but his injury woes prevented him from fully delivering on the potential to be a longtime NBA star that he showed early in his career.

Rose will call it a career with averages of 17.4 PPG, 5.2 APG, and 3.2 RPG in 723 career regular season games (30.5 MPG). He also made 52 postseason appearances and put up 21.9 PPG, 6.3 APG, and 4.3 RPG in those outings. He made the Eastern Conference Finals with the Bulls during his MVP year in 2011, though he never played in the NBA Finals. In addition to suiting up for the Bulls, Timberwolves, Pistons, and Knicks, he spent time with the Cavaliers and Grizzlies.

Rose had been under contract with Memphis for the 2024/25 season, but requested his release and gave up his full $3.3MM guaranteed salary for the year as part of that agreement.

As K.C. Johnson of The Chicago Sports Network tweets, there are no immediate plans for Rose to sign a ceremonial one-day contract with the Bulls, but the organization will almost certainly honor its former star at some point this season.

Timberwolves Sign Guard Trevor Keels

SEPTEMBER 25: The Timberwolves have officially signed Keels, the team confirmed in a press release. The Wolves also formally confirmed three other recent signings.


SEPTEMBER 24: The Timberwolves have agreed to a contract with Trevor Keels, Michael Scotto of HoopsHype tweets.

The 21-year-old guard played three games for the Knicks in 2022/23. Keels, who was the 42nd overall pick of the 2022 draft out of Duke, was waived by New York after his rookie campaign.

Keels participated in Minnesota’s training camp last season but he was waived before the opener. He spent the season with Minnesota’s G League club, the Iowa Wolves, where he averaged 13.5 points and 3.7 assists per game.

Terms of the contract have not been disclosed but it’s likely an Exhibit 10 contract. Assuming that’s what Keels signs, he’ll be eligible for a bonus worth up to $77.5K if he’s waived and then spend at least 60 days with Iowa again.

And-Ones: Sports Betting, NBA Offseason, Injury Returns

While the NBA is in favor of federal regulations for sports betting, the league doesn’t unequivocally support the bill introduced last week in Congress, which is considered to have both positives and negatives, per David Purdum of ESPN.

The Supporting Affordability and Fairness with Every Bet Act, also known as the “SAFE Bet Act,” would prohibit sportsbook advertising from 8:00 am to 10:00 pm (and during live sports broadcasts) and would ban in-game betting. The proposal to eliminate live wagering is one aspect of the bill likely to be opposed by the NBA and other sports leagues, given the increasing popularity of that form of betting, notes Purdum.

A league source tells Purdum that the NBA is keeping an eye on the legislation and views it as a “starting point to a very lengthy process.”

Here are more odds and ends from around the

Pre-Camp Roster Snapshot: Northwest Division

Hoops Rumors is in the process of 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 at this time, so these articles won’t be updated in the coming weeks as more signings, trades, and/or cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.

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


Denver Nuggets

Under general manager Calvin Booth, the Nuggets have typically set their training camp roster early in the offseason and not made any changes to the back end until the preseason is underway. Last year, for instance, Denver maxed out its 21-man roster on August 3 and didn’t make another roster move until October 13.

It looks like the team will probably stick to that pattern this year, taking the current group to camp and then rotating some Exhibit 10 signees on and off the roster during the preseason. With 15 players on guaranteed contracts and three on two-way deals, Denver’s projected regular season roster also looks set.

Minnesota Timberwolves

Although the Timberwolves have some back-end roster flexibility, they also have significant projected luxury tax penalties, and with the battle for control of the franchise headed to arbitration this fall, it’s still unclear who exactly will be on the hook for that tax bill.

With that in mind, I’d be surprised to see the Wolves carry a full 15-man standard roster into the regular season. And it’s probably safe to assume Dozier will start the season as the 14th man, since he has a $1MM partial guarantee that the team would have to eat if he’s waived and replaced with a newcomer. Minnesota could potentially make a change at that 14th spot before the league-wide guarantee date on January 7 if Dozier doesn’t prove in the first half that he deserves it, but his place on the opening night roster looks relatively safe.

While I expect some more Exhibit 10 shuffling in the coming days and weeks, the Wolves could set their camp roster by simply completing Randle’s deal, which would get them to the 21-man limit.

Oklahoma City Thunder

Even if they finalize their reported Exhibit 10 deals with Boeheim and Leons before October 1 and have both players with them in training camp, the Thunder would only have 19 players under contract, so they likely have more moves up their sleeve in the coming week or two.

The Thunder are one of the few NBA teams well positioned to bring in another veteran free agent who could make the 15-man standard roster. While Jaylin Williams will make the team, that still leaves the 15th spot open, and Oklahoma City is more than $11MM away from the luxury tax line, so another minimum-salary signing wouldn’t be a problem financially. With Topic out for the season and Kenrich Williams seemingly unlikely to be ready for opening night, the club could also use another depth piece.

It’s unclear whether the Thunder are perusing the free agent market with an eye toward adding a 15th man, but one more wing would make sense to me, with Oshae Brissett, Nassir Little, Justin Holiday, and Reggie Bullock among the available players who could fit.

Portland Trail Blazers

Banton’s big numbers (16.7 PPG, 3.6 APG) down the stretch for the Trail Blazers were the result of significant usage (27.2%) rather than a jump in scoring efficiency (he shot .408/.311/.780). Still, I’d give him the edge over Graham for the 15th roster spot in Portland since he’s younger and has a small partial guarantee. That spot’s not set in stone though.

The Trail Blazers still have one opening on their 21-man preseason roster. Unless the Blazers intend to bring in another player to compete with Banton and Graham to be the 15th man, that roster spot could be used to churn through Exhibit 10 signees for the Rip City Remix, Portland’s G League affiliate.

Utah Jazz

The Jazz‘s roster looks pretty close to ready for the regular season, with 15 players on guaranteed standard contracts and all three two-way spots occupied. Utah’s roster moves this fall may just consist of rotating Exhibit 10 players in and out before making final cuts at the end of the preseason.

A two-way shake-up is always a possibility, but Potter, Preston, and Tshiebwe all played well in the G League last season, so one of the non-guaranteed camp invitees would have to make a strong impression in October for the team to make a change there.


Previously:

Western Notes: Timberwolves, Beal, James, Buss, Grizzlies

The arbitrators in the Timberwolves’ ownership dispute have been named.

Retired Hennepin County (Minn.) District Court Judge Thomas Fraser will serve as the neutral arbitrator in the upcoming legal proceedings, according to Sportico’s Eben Novy-Williams and Michael McCann.

Fraser is one of three people who will oversee the proceedings, which will begin the week of Nov. 4, to settle the legal battle between current Timberwolves majority owner Glen Taylor and the group headed by Alex Rodriguez and Marc Lore. The other two arbitrators will be retired Minnesota Supreme Court Justice Kathleen Blatz (appointed by Taylor) and Wilson Sonsini partner Joseph R. Slights III (appointed by Rodriguez/Lore).

We have more from the Western Conference:

  • The suggestion that Bradley Beal should be the Suns’ sixth man doesn’t make a lot of sense, Gerald Bourguet of Gophnx.com opines. Despite an injury-plagued season, Beal is the team’s third-best player and removing him from the starting five in favor of Grayson Allen is a downgrade on several levels, in Bourguet’s view.
  • LeBron James‘ work ethic never ceases to amaze Lakers owner Jeanie Buss, she told Chuck Schilken of the Los Angeles Times. “He consistently delivers. He puts in the work. He’s not only a worldwide brand, but he is our leader,” Buss said. “He’s the captain of our team and he sets the tone, sets the pace by putting in the hard work. Nobody can complain about the work if you see somebody with his résumé and his longevity of career, nobody can complain about having to practice if he’s willing to do it. And he does. He just amazes me.”
  • Robinhood Markets, Inc., a financial services company, will serve as the jersey patch and official investing partner of the Grizzlies, Damichael Cole of the Memphis Commercial Appeal writes. The same company is also in a partnership with the Wizards for their jersey patch this season.The Grizzlies haven’t had a jersey patch since 2021, after a three-year deal with FedEx came to an end, Cole adds.