Timberwolves Acquire Kevin Garnett

8:28pm: The trade is official, the Nets have announced in a press release.

3:11pm: The Wolves want to re-sign Garnett for two more seasons this summer, according to Jon Kraczynski of The Associated Press (Twitter links). Garnett has known of this desire, Krawczynski adds, speculating that it factored into his decision to waive the no-trade clause.

1:44pm: Kevin Garnett has agreed to waive his no-trade clause and the Nets will trade him to the Timberwolves for Thaddeus Young, reports TNT’s David Aldridge (Twitter link). The teams had been waiting on him to give his OK to the deal that will send him back to where his NBA career began nearly 20 years ago. ASM Sports, the agency for Garnett, has confirmed the agreement via Twitter (hat tip to Tim Bontemps of the New York Post).

The 38-year-old is earning $12MM for the season, and will become an unrestricted free agent at the end of the campaign. The veteran has appeared in 42 games for Brooklyn this season, and is averaging 6.8 points, 6.8 rebounds, and 1.6 assists in 20.3 minutes per night. Garnett’s career averages are 18.3 PPG, 10.2 RPG, and 3.8 APG. His career shooting percentages are .497/.276/.790.

Garnett has said in the past that he hopes to buy the Wolves when his playing days are over.  The veteran had a no-trade clause in his contract and while he was reluctant to waive it all, he eventually did leave the door open for a deal that would bring him back to Minnesota.  There was also strong interest from the Clippers and coach/executive Doc Rivers, but KG was against the idea of a buyout.

Young, 26, is making $9,410,869 this season, and he has a player option worth $9,971,739 for the 2015/16 campaign. The 6’8″ forward has appeared in 48 games for Minnesota this season, and is averaging 14.3 points, 5.1 rebounds, and 2.8 assists in 33.4 minutes per game. His career numbers are 13.8 PPG, 5.5 RPG, and 1.5 APG. Young’s career slash line is .495/.319/.698.

Just a few days ago, it was reported that Wolves president Flip Saunders had shown little inclination towards trading Young.  Of course, the deadline has a way of changing those things.  Recently, our own Chris Crouse analyzed Young as a trade candidate.

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