Latest On Wolves, Anderson, Potential Signings

5:56pm: Coach Rick Adelman said this evening that there are no new updates on the free agent front, adding that he hasn't seen anyone come in yet (Twitter link via the T-Wolves' PR account).

9:36am: The Timberwolves probably won't make a signing until after New Year's Day, according to Darren Wolfson of 1500 ESPN, who confirms that the team is indeed set to work out James Anderson today (Twitter links). Minnesota is compiling a list of targets to replace Josh Howard, whom the team waived after he tore his ACL last week. Donte Greene and Lazar Hayward are reportedly serious candidates for the open roster spot.

Whoever gets the gig will be on a non-guaranteed deal, according to Wolfson, so there could be more movement on the horizon. With the exception of 10-day contracts, which teams can begin signing on January 5th, all contracts on the books become guaranteed for the entire season on January 10th. That means the Wolves could be waiting until the 5th to ink someone to a 10-day deal, or they could bring a player aboard before the 5th on a de-facto 10-day contract and waive him before the 10th.

Minnesota doesn't have any more than the minimum salary to offer, and the team, which has 14 players, probably won't open up a second available roster spot by waiving injured Malcolm Lee, Wolfson tweets. The Wolves are unlikely to seek a disabled player exception for Lee, either, Wolfson notes. That makes sense, since the exception would be worth half of Lee's second-year minimum salary, not enough money to sign anybody, even a rookie making the minimum. The only way the exception would be of any value to the team is if it traded for a minimum-salary rookie. There's no official word on a timetable for Lee, but Wolfson hears the shooting guard is done for the year with a chrondal injury to his right knee.

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