CSKA Moscow Announces Shved’s Departure

The Timberwolves have yet to officially finalize the deal they reached with Alexey Shved nearly two weeks ago, but an announcement today from Shved's former team in Russia suggested that could happen in the very near future. CSKA Moscow released a statement to say that Shved has exercised his NBA opt-out to join the Timberwolves, wishing him luck in his NBA career (English link via Sportando).

In the statement, CSKA president Andrey Vatutin indicated that he anticipates Shved will comfortably make the tradition to life in the NBA, adding that he fully expects the 23-year-old to proudly represent Russia and CSKA basketball. For his part, Shved thanked Vatutin and CSKA for the opportunity, and said he was looking forward to challenging himself at the highest level with the Timberwolves.

Shved, a 6'5" guard, will provide backcourt help and outside shooting in Minnesota. Terms of his contract aren't yet known, but the Wolves regained a good deal of cap space when Nicolas Batum's offer sheet was matched by the Trail Blazers, so there's room for Shved to receive a decent salary, even as the club finalizes deals with Brandon Roy and Greg Stiemsma.

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