Karl-Anthony Towns Rumors | Hoops Rumors

KAT: It’s “Championship Or Bust” After Gobert Trade

July 22nd, 2022 at 10:02pm CST by Rory Maher

At a press conference to announce his super-max extension on Friday, Timberwolves star Karl-Anthony Towns said he is fully aware of the expectations the team has going forward after trading an enormous amount of assets for three-time Defensive Player of the Year Rudy Gobert.

“Championship or bust,” Towns said.

He elaborated further once the press conference was over.

“When you make the trade that we made, that’s the reality. I’m not trying to sugarcoat,” Towns told Michael Rand of The Star Tribune. “You’ve got to think that. That’s really what’s on the table. I don’t think the fans would be accepting of [a goal of] a third-round elimination. … Let’s be real. The standards are high. The pressure is high. And that’s when we should all love to play basketball even more.”

As Rand writes, the idea that Minnesota would have such lofty goals even last summer, after a disappointing season saw the team finish 23-49, 13th in the West, might have seemed preposterous.

But things change quickly in the NBA, Rand notes. The Wolves won 46 games last season and made the playoffs for just the second time in the past 18 years, and now after acquiring a four-time All-NBA center, the bar for success has risen dramatically.

New president of basketball Tim Connelly said he was grateful that Towns was so eager to recommit to the only franchise he’s ever known.

“For Karl, he’s seen a lot of tough days,” Connelly said, per Rand. “It was so exciting to hear how excited he was about Finchy (head coach Chris Finch) and his teammates and how quickly he was willing to get this done.”

Contract Details: Booker, Towns, Magic, Oladipo, Anderson, Hardy

July 9th, 2022 at 4:58pm CST by Luke Adams

The new super-max extensions for Suns guard Devin Booker and Timberwolves big man Karl-Anthony Towns each come with a different perk.

Booker’s deal includes a 10% trade kicker, but is fully guaranteed for all four years, with no player option in 2027/28.

Towns’ new contract, conversely, doesn’t feature a trade kicker, but has a fourth-year player option, giving Towns the ability to opt out and reach free agency in 2027.

Here are several more contract details from around the NBA:

Both Mohamed Bamba and Bol Bol received one guaranteed season and one non-guaranteed season on their new two-year contracts with the Magic. Bamba has matching cap hits of $10.3MM on his deal, while Bol’s cap hits are $2.2MM apiece.
Victor Oladipo‘s reworked two-year deal with the Heat came in at $18.2MM in total. It’s worth $8.75MM in 2022/23, with a $9.45MM player option for ’23/24.
As previously reported, Kyle Anderson‘s two-year contract with the Timberwolves is worth exactly $18MM. It features a first-year salary of $8,780,488 and a 5% raise to $9,219,512 for 2023/24.
Jaden Hardy‘s three-year contract with the Mavericks is, as expected, worth the minimum in all three seasons. It’s fully guaranteed in the first two years, with a partial guarantee of $400K in year three.

Karl-Anthony Towns Signs Super-Max Extension With Timberwolves

July 7th, 2022 at 8:03pm CST by Alex Kirschenbaum

JULY 7: Towns has officially signed the contract, according to a team press release.

“I couldn’t be prouder to continue my commitment to this franchise and community for years to come,” Towns said. “Minnesota has become my home and I am excited to continue making the fans proud to support the Timberwolves. My first seven years in the league, it has been an amazing journey. It all started with Flip Saunders taking a chance on me and now here we are. I look forward to all the achievements that are ahead for our team and the Timberwolves fanbase.”

JUNE 30: Karl-Anthony Towns has agreed to sign a four-year, super-max extension with the Timberwolves, agent Jessica Holtz tells ESPN’s Adrian Wojnarowski (Twitter link).

The deal will begin in 2024/25 and will be worth 35% of that season’s salary cap, with 8% raises in subsequent seasons. Since the ’24/25 cap figure isn’t yet known, neither is the amount of Towns’ extension, but Wojnarowski projects it to be worth about $224MM over four years.

The signing is something of a no-brainer for a Minnesota club on the rise. Towns, still just 26, enjoyed something of a comeback season with Minnesota in 2021/22. Though his stats in recent years remained impressive, the team had been mired in middling lottery-bound purgatory for three straight seasons prior to 2022.

In 2022, the 6’11” center made his first All-Star team since 2019 and his first All-NBA Team since 2018. Towns also won the NBA Three-Point Contest during the 2022 All-Star Weekend, a rarity for a big man. During 74 games last year, Towns averaged 24.6 PPG, 9.8 RPG, and 3.6 APG, with guard-like shooting splits of .529/.410/.822.

The three-time All-Star’s offensive prowess was a big reason the Timberwolves returned to their first playoff berth in four years. Led by Towns and second-year phenom Anthony Edwards, plus guards D’Angelo Russell and Patrick Beverley, the seventh-seeded Timberwolves pushed the second-seeded Grizzlies in a tough, physical first-round series. Minnesota would ultimately fall to Memphis in six games.

A super-max contract extension for Towns, an exceptional offensive talent just reaching his prime, had previously been considered the top priority for Minnesota’s front office this summer.

So far in free agency, the team has also added veteran small forward Kyle Anderson and re-signed tweener forward Taurean Prince to a two-year extension. The team also exercised non-guaranteed team options for 2022/23 on Naz Reid and Jaylen Nowell.

In the draft, the Timberwolves added several intriguing young players. Auburn big man Walker Kessler, the Naismith National Defensive Player of the Year, and Duke small forward Wendell Moore, were selected in the first round. Memphis drafted Memphis swingman Josh Minott and Vanoli Cremona shooting guard Matteo Spagnolo in the second round.

Wolves Notes: Gobert, Towns, Durant, Murray

July 3rd, 2022 at 8:51am CST by Luke Adams

Although the Timberwolves were encouraged by last season’s success, there was an “overwhelming feeling internally” that the team would hit a wall before becoming a legitimate title contender if it didn’t make at least one more major upgrade, writes Jon Krawczynski of The Athletic.

That line of thought was the motivation behind the team’s blockbuster trade agreement for three-time Defensive Player of the Year Rudy Gobert. As Krawczynski explains, the front office had a hard time identifying another player around the NBA who could address so many of the club’s weaknesses and would be available for the package Minnesota was willing to offer.

The Timberwolves anticipate Gobert will make life easier for his new teammates, allowing them to take more gambles on defense and giving D’Angelo Russell a pick-and-roll partner who sets good screens and can be a lob threat.

The Wolves also believe they can make Gobert’s life easier — Minnesota has stronger perimeter defenders (Anthony Edwards, Jaden McDaniels, Kyle Anderson, Taurean Prince) than Utah did, and Karl-Anthony Towns‘ ability to make outside shots will complement Gobert’s inside game, Krawczynski notes.

Here’s more on the Wolves and their roster shake-up:

Sources tell Krawczynski that Gobert has expressed excitement about playing with the Timberwolves and that Towns was especially supportive of the move.
According to Krawczynski, Wolves sources were pessimistic throughout the process that an agreement would actually be reached, and a deal looked to be “in peril” as of Friday morning. Minnesota was prepared to shift its focus to other targets like Myles Turner or Clint Capela before the Gobert talks gained traction again later on Friday when Utah agreed to do a deal without McDaniels included.
Before striking a deal for Gobert, the Wolves made “several calls” to the Nets about Kevin Durant, sources tell Krawczynski. However, Minnesota was unwilling to give up Edwards or Towns for Durant, so those talks didn’t go far.
The Timberwolves were also in the mix for Dejounte Murray and could have outbid the Hawks for him, but the fact that they didn’t shows that they valued Gobert more, observes Krawczynski.
Chris Hine of The Star Tribune takes a closer look at the impact the acquisition of Gobert will have on the Wolves both offensively and defensively, as well as from a salary cap perspective.

Extensions Imminent For Jokic, Booker, Towns, Morant, More

June 30th, 2022 at 3:41pm CST by Rory Maher

Nuggets center Nikola Jokic, Suns guard Devin Booker, Timberwolves big man Karl-Anthony Towns, and Grizzlies guard Ja Morant are all expected to reach verbal agreements with their respective teams on new long-term contract extensions soon after the NBA’s new league year begins tonight, according to Marc Stein (Twitter link).

Pelicans forward Zion Williamson and Cavaliers guard Darius Garland are also “widely expected” to receive extensions this offseason, Stein notes (via Twitter).

Morant, Williamson, and Garland will be eligible for rookie scale extensions, with the exact figures yet to be determined. Rookie scale extensions are available for former first-round picks entering their fourth seasons. The three players’ offers will likely include Rose Rule language that allows them to earn a starting salary of up to 30% of the 2023/24 salary cap (instead of 25%) if they meets certain performance criteria.

Even though Morant, for example, earned an All-NBA spot this year, he would have to make an All-NBA team again next season to qualify for the higher max — the Rose Rule criteria require a player to make All-NBA in either the season before his new contract goes into effect or in two of the three prior seasons.

Williamson’s extension could take a little longer to figure out, given that he’s appeared in just 85 career games and missed all of last season after setbacks following foot surgery last summer. Still, Pelicans executive VP of basketball operations David Griffin said he was “confident” that an agreement would be reached, the only question is how much money will be guaranteed up front.

Jokic, Booker, and Towns will all be eligible for super-max extensions, also known as Designated Veteran Extensions, worth up to 35% of the salary cap. At least one of the following must be a true for a player to be eligible for a Designated Veteran Extension:

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

Booker and Towns both made All-NBA teams this past season, and Jokic was named the back-to-back MVP in addition to making All-NBA teams the past four seasons.

Trail Blazers guard Damian Lillard is also likely to receive a two-year extension worth in excess of $100MM once the new league year begins, as relayed by Sean Highkin of The Rose Garden Report and Stein (Twitter links).

Western Notes: McGee, Towns, Wiseman, Williamson, Trent Jr.

June 30th, 2022 at 3:02pm CST by Dana Gauruder

JaVale McGee could wind up with another Western Conference contender next season. The Mavericks are very interested in the veteran free agent center and could offer him the two-year deal he’s seeking, John Gambadoro of Arizona Sports 98.7 FM tweets. McGee, 34, averaged 9.2 PPG and 6.7 RPG for the Suns last season while appearing in 74 regular season contests.

We have more from the Western Conference:

The biggest priority for the Timberwolves this summer is to lock up Karl-Anthony Towns with an extension, Jon Krawczynski of The Athletic reports. Towns is eligible for an extension of up to four years and roughly $211MM. “I can’t wait to sit down with him and his representation ASAP and keep this thing going,” new president of basketball operations Tim Connelly said. “He’s special and deserves everything that is going to come his way.”
James Wiseman would actually benefit if the Warriors are able to re-sign free agent Kevon Looney, Dalton Johnson of NBC Sports Bay Area writes. Their skill sets would mesh as the team’s center duo and it would ease the pressure on Wiseman, allowing him to focus on his development.
The Pelicans’ extension talks with Zion Williamson could take some time to sort out, as Christian Clark of the New Orleans Times Picayune explains. The two sides need to figure out is how much of the extension will be fully guaranteed. Clark’s sources believe there is a possibility that negotiations could drag on longer than anticipated due of this issue. Williamson sat out last season due to a foot injury.
The Jazz have expressed interest in Raptors guard Gary Trent Jr., according to Ian Begley of SNY TV. Trent’s cap hit for next season is $17.5MM and he has an $18.5+MM option for 2023/24. He averaged 18.3 PPG in 35 MPG last season.

Trade Rumors: Suns, Jazz, Capela, Wolves, Russell, Fournier, Anunoby

June 23rd, 2022 at 5:31pm CST by Rory Maher

The Suns don’t currently own a pick in the 2022 NBA draft, but there have been recent rumors that the team is interested in trading for a second-rounder. John Gambadoro of Arizona Sports 98.7 FM Phoenix goes a step further, stating (via Twitter) that “while a second-round pick is more likely, I cannot rule out (the Suns) trading into the first round.”

Gambadoro reports that Phoenix has its eyes on eight-to-10 prospects that the team would consider making a deal for. He points to the Spurs, Hornets and Hawks as teams who could be trade partners, though he doesn’t clarify which of those teams’ picks might be in play.

Here are more trade rumors from around the NBA:

Like Phoenix, Utah doesn’t currently control a pick, but the Jazz are dangling core players to try and acquire some, multiple sources tell Tony Jones of The Athletic. Jones reports that the Jazz are very active on the trade market, with the odds increasing that the team’s roster could look significantly different by the end of today. The Jazz have a “lengthy list” of potential undrafted prospects they hope to entice with Exhibit 10 contracts once the draft concludes, sources tell The Athletic.
The Timberwolves remain interested in potentially pairing Karl-Anthony Towns with Clint Capela in the team’s frontcourt, but sources tell Jon Krawczynski of The Athletic that the Wolves and Hawks haven’t made any real headway on that front.
Sources suggest to Dane Moore of Bring Me The News (Twitter link) that there’s a greater than 50% chance that D’Angelo Russell will be traded by the Timberwolves in the coming days. Russell is viewed as a trade candidate due to his poor playoff showing despite having a solid season with Minnesota. The guard is extension-eligible this summer and his $31.38MM contract expires after next season.
The Knicks offered to trade Evan Fournier to the Celtics to create cap space in order to sign Jalen Brunson, but Boston has no interest in the deal, according to Gambadoro (Twitter links). The Celtics have a large trade exception that was ironically created by signing-and-trading Fournier to New York, so the Knicks theoretically wouldn’t have needed a player in return, but he’d still count against Boston’s cap, which would push the team deep into the luxury tax.
Jake Fischer of Bleacher Report says (via Twitter) that he has “consistently heard” the Raptors are only interested in trading OG Anunoby if they can get an “elite center” in return. Toronto is still linked to Rudy Gobert and inquired about Jarrett Allen in February, sources tell Bleacher Report.

Wolves Notes: Connelly, KAT, Draft, Russell, A. Williams

June 22nd, 2022 at 2:30pm CST by Rory Maher

If it were up to president of basketball operations Tim Connelly, Karl-Anthony Towns would remain with the Timberwolves for his entire career. Towns is eligible for a super-max extension this summer after being selected to the All-NBA Third Team.

“I hope he’s here forever. I hope we have the type of team success that would allow us to look up and see Karl’s jersey being hung up in the rafters,” Connelly said in a Q&A session with Chris Hine of The Star Tribune. “I reached out to a bunch of these guys, but I don’t want to force relationships. You have to develop those things naturally. So, I’ve heard so many great things about him. I know how great a player he is on the court, but off the court it’s been so consistent, just an unbelievably sweet guy that treats everyone in a really classy manner.

“I think he’s been through so much, so many different faces and different chairs, from the front office to the coaching staff. So I think with continuity with Finchy (head coach Chris Finch), you’re going to see a better version of Karl and he’s already a great player.”

Connelly conceded that the team’s potential first-round pick (19th overall) likely won’t have a significant role on the team next year, but he believes the Wolves can find a good long-term fit with the selection.

“We’ll beat up all the different possibilities pretty good. We’re also very content and pretty excited about if we’re going to get a good player at 19,” he said. “It’s going to be hard for any player we draft to have a huge role with the team that just had the success they had. We’re not drafting for June 24, we’re drafting for, hopefully, to add a person that can be a part of sustained success and a person who can grow into a role. I think things are on the table, but we do feel pretty convinced that 19 is going to yield a good player.”

It’s an interesting interview from Hine for any Wolves fans looking for insight into Connelly’s approach.

Here’s more on the Wolves:

Amid rumors that Minnesota is exploring the trade market for veteran centers, including Clint Capela, Michael Rand of The Star Tribune wonders if one of the team’s biggest offseason moves might be a position change for Towns. Rand notes that sliding Towns down to the power forward spot would improve the Wolves’ rebounding woes, and he’d likely feast on smaller players in the post, but there are some possible drawbacks. Towns is quicker than most centers, so he might lose the ability to pump-fake and drive past slower-footed defenders, and it would take him time to adjust defensively. Ultimately, Rand believes utilizing a bigger lineup could work in certain matchups.
Jon Krawczynski and Sam Vecenie of The Athletic discuss Minnesota’s draft possibilities for the 19th and 40th picks (the Wolves also control the 48th and 50th picks). Vecenie doesn’t love the team’s options for the first-rounder and believes trading out in order to acquire additional first-round selections makes sense, but if the Wolves keep the pick, he thinks Blake Wesley or E.J. Liddell could be decent options. Wesley, a guard from Notre Dame, is ranked 22nd on ESPN’s big board, while Liddell, a forward from Ohio State, is ranked 21st. Vecenie says there are a number of “interesting, high-upside” prospects who could be available with the 40th pick, including Peyton Watson, Josh Minott and Kendall Brown, among others.
The Wolves haven’t come close to trading D’Angelo Russell “or any other player,” sources tell Krawczynski in another story for The Athletic. However, Krawczynski says trade talks are expected to heat up “the closer it gets to the draft,” which is tomorrow, and the fate of Russell and other possible trade candidates should become clearer once it concludes.
Alondes Williams worked out for the Wolves on Tuesday, reports Darren Wolfson of 5 Eyewitness News (via Twitter). The 6’5″ guard averaged 18.5 PPG, 6.4 RPG, 5.2 APG and 1.2 SPG on .507/.282/.691 shooting as a junior for Wake Forest. He’s ranked 59th on ESPN’s board, so he could be a possibility for one of the team’s second-round picks.

Wolves Rumors: KAT, Russell, Edwards, Beasley, Draft, More

June 3rd, 2022 at 9:37pm CST by Rory Maher

In the latest HoopsHype podcast with Michael Scotto, Jon Krawczynski of The Athletic said he fully believes that Karl-Anthony Towns will be offered — and will sign — a super-max extension with the Timberwolves summer. Towns became eligible for the super-max after being selected to the All-NBA Third Team.

Krawczynski acknowledges that Towns has his share of flaws, but he points out that Minnesota isn’t a free agent destination, the team has undergone lots of front office and coaching changes in his seven seasons, and he hasn’t played with a whole lot of talent around him. Once the deal is signed, if Towns plateaus, the Wolves still have the option of trading him in the future due to his “age, production and efficiency,” says Krawcyznski.

Here’s more from Scotto and Krawczynski:

Scotto wonders if trading away D’Angelo Russell might affect Towns’ decision to sign an extension, and points out that the last time Russell was in a contract year he wound up making the All-Star team with the Nets. Krawczynski thinks Towns will sign the super-max either way, but determining what to do with Russell will be a challenge for new president of basketball operations Tim Connelly. Krawczynski notes that Russell is eligible for an extension this summer, but he’s doubtful his next deal will be worth the max. If the price is right for both sides, Krawczynski thinks an extension might be viable. Russell helped lead the team to a 46-36 regular season and had a huge game in the play-in win over the Clippers, but then struggled against the Grizzlies, so gauging his market value will be tricky for Connelly, says Krawczynski.
A couple of scouts told HoopsHype that they think Anthony Edwards, not Towns, will eventually be the best player on the Timberwolves, but Krawczynski says there’s no jealousy between the two players — they enjoy playing together and believe their games complement each other.
Malik Beasley, who was drafted by Connelly in Denver, could benefit from the reunion, says Scotto, who believes Beasley is primed for a bounce-back year after seeing his name in trade rumors. Krawczynski agrees that Connelly’s presence should help, and reports that Beasley was out of shape entering training camp last fall due to his legal trouble. While noting that it was Beasley’s fault and he only has himself to blame, Krawczynski also says that he’s the hardest worker on the team.
The Timberwolves currently control the Nos. 19, 40, 48, and 50 picks in the upcoming draft, but don’t expect them to have four rookies on the roster next season. According to Krawczynski, a more likely outcome is that they either draft-and-stash some European prospects in the second round or package some picks to move up or acquire veteran help. Attaching the No. 19 pick with a veteran to improve the roster is also a possibility, he says.
A reunion with Taurean Prince, who’s an unrestricted free agent, could be in the cards. Krawczynski says there’s mutual interest between the two parties, noting that “players and coaches love him,” and Prince has stated that he was happy in Minnesota. Neither Scotto nor Krawczynski expect Jake Layman to be back, and Josh Okogie‘s return seems unlikely, but could still occur if he doesn’t draw much interest in free agency. The team likes him, but he didn’t receive much playing time, so he’ll probably look for another opportunity, per Krawczynski.

Wolves Notes: Connelly, Towns, Russell, A-Rod, Lore

June 3rd, 2022 at 3:57pm CST by Luke Adams

New Timberwolves president of basketball operations Tim Connelly will make some additions to the team’s front office, starting with longtime Magic executive Matt Lloyd.

However, Connelly made it clear during his introductory press conference on Tuesday that he’s certainly not looking to clean house or make any major, immediate changes to the way the franchise is run, joking that his plan is to “get out of the way (and) hope I don’t mess it up too much,” according to Jon Krawczynski of The Athletic and Chris Hine of The Star Tribune.

“I’m not joining a team that’s broken,” Connelly said. “This is a team that’s trending in the right direction. It’s made a ton of really, really smart decisions, most recently extending (head coach) Chris (Finch) and getting Pat Beverley on the additional one-year (contract). So I’m not here to impede progress, I’m here to promote it, and I’m hopeful that I can learn a ton from the people in the building, and hopefully I can add a little bit of my knowledge to what’s already a very strong core of people.”

Connelly acknowledged that it was a difficult decision to leave Denver for Minnesota, suggesting there were “a lot of sleepless nights” as he weighed the decision. But he believes the Timberwolves have a have a chance to “do something special,” which helped sell him on the move.

Of course, the financial aspect of the Wolves’ offer was also a major selling point, though sources confirmed to The Athletic that Connelly doesn’t technically have a stake in the team’s ownership. His deal calls for him to “benefit financially” if the value of the franchise increases over the life of his contract, per Krawczynski.

“Basically he’s on a bonus program, just like a lot of people are,” majority owner Glen Taylor said when asked about the equity aspect of Connelly’s contract. “If the team does well, he does better.”

Here’s more on the Wolves:

Giving Karl-Anthony Towns a super-max extension this offseason should be a no-brainer decision for Connelly, but determining what to do with D’Angelo Russell will be a trickier call, Chip Scoggins of The Star Tribune contends. Russell is also extension-eligible as he enters the final year of his current contract, and looks like a possible trade candidate. “I don’t know how or what our roster is going to look like on draft night or into free agency, but certainly this team doesn’t win 46 games without the contributions of them both,” Connelly said during his first media session, per Hine. “It’ll be fun to get to know both guys.”
Hiring Connelly away from Denver is part of a push by incoming Timberwolves owners Alex Rodriguez and Marc Lore to make the club a “world-class” organization, writes La Velle E. Neal III of The Star Tribune. “We want to be first in class in every category,” Rodriguez said this week. “From an arena, to personnel to players, to medical staff, to physical therapy and everything in between. The Minnesota people deserve that. They are starving for a winner and we are going to bring them that.”
Michael Rand of The Star Tribune takes a look at three paths Connelly could take with the Timberwolves’ roster this offseason and beyond.