THURSDAY, 9:26pm: The Timberwolves will acquire the rights to Tyus Jones from the Cavaliers, who are drafting him at No. 24, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The Cavs are getting picks Nos. 31 and 36, Wojnarowski adds (on Twitter). Cleveland will also receive a 2019 second-rounder, according to Sam Amick of USA Today (Twitter link).
It’s a homecoming for Jones, a Burnsville, Minnesota native who was the Most Outstanding Player of the Final Four this year at Duke. His floor vision and leadership make him an intriguing prospect, as Eddie Scarito of Hoops Rumors examined in his Prospect Profile.
Jones represents a cap hold of $1,068,400, and he’ll likely receive 20% more on his rookie scale contract. Clearing him for a pair of second-round picks that don’t count against the cap until they’re signed helps Cleveland keep its costs low as the team reportedly contemplates a payroll of $100-110MM, plus another $75MM or so in luxury taxes.