The Timberwolves have signed point guard Kris Dunn, the fifth pick in last month’s draft, the team announced in a press release. Terms of the contract were not disclosed but assuming Dunn received the standard 120% of his scale amount, he would make $3,872,520 in his first season and $19,302,919 through the remainder of his four-year rookie contract.
Dunn was the first point guard chosen in the draft after a stellar career with Providence. The two-time Big East Player of the Year and conference Defensive Player of the Year averaged 16.4 points, 5.3 rebounds, 6.2 assists and 2.5 steals as a junior last season.
The 6-4 Dunn will compete for minutes with Ricky Rubio and Zach LaVine, though either could be traded by the start of the season to open up playing time for Dunn. Minnesota has shopped Rubio and head coach Tom Thibodeau is optimistic his trade value will increase from teams who failed to sign a starting point guard in free agency.
The Timberwolves and Bulls were engaged in draft-night trade talks involving Dunn and Jimmy Butler, per several reports, but couldn’t agree on a deal. Chicago wound up agreeing to terms with free agent point guard Rajon Rondo.