The Wolves are making progress on a contract buyout with former No. 1 pick Anthony Bennett, Adrian Wojnarowski of Yahoo Sports reports (on Twitter). Bennett, as Wojnarowski points out, would be a free agent if he clears waivers.
Bennett’s representatives have wanted a contract buyout to allow him the chance for greater playing time, Wojnarowski reports in a full story. The Wolves have a deep frontcourt, Wojnarowski adds, so there is not much of a future for him with the franchise.
Bennett is owed $5.8MM and the Wolves currently have 16 guaranteed contracts, former Nets executive Bobby Marks tweets. Marks adds that only the Sixers and Blazers have enough room to claim Bennett and the Cavs are the only team with a big enough Traded Player Exception (Twitter link).
It is worth noting that a decision looms by November 2nd on Bennett’s team option for 2016/17, worth $7,318,289. The possible move comes as a surprise to many, including Basketball Insiders’ Alex Kennedy, who points out (on Twitter) that Bennett is still only 22 and entering his third year in the league.
Making the news even more surprising is that Bennett played well for the Canadian national team during the summer, and Wolves owner Glen Taylor recently downplayed the idea that the Wolves will trade the power forward. Prior to that, however, Wolves had reportedly been willing to move Bennett for the right return.