12:58pm: It's a non-guaranteed deal, tweets Darren Wolfson of 1500 ESPN (on Twitter). The forward's deal could be guaranteed in a matter of days, however.
11:46am: The Timberwolves announced that they have signed forward Lazar Hayward. Terms of the deal are not yet known but it is likely a non-guaranteed contract.
Minnesota auditioned the Marquette product on December 21st following Josh Howard's ACL tear and subsequent release. The Wolves would like to replace Howard's production off of the bench as he averaged 6.7 PPG, 3.3 RPG, and nearly 1 steal per game in 18.8 MPG. Hayward agreed to join the Los Angeles D-Fenders just yesterday but hopefully he didn't put his snow boots in storage.
The T'Wolves originally acquired Hayward in a 2010 draft night trade with the Wizards. Hayward played in 42 games as rookie and averaged 3.8 points per contest.