3:04pm: A source tells Marc Berman of The New York Post (Twitter link) that the Wolves got “extra concerned” that they wouldn’t be able to re-sign Rose this summer, and didn’t want to acquire him as a rental.
2:40pm: The Timberwolves walked away from trade negotiations involving Ricky Rubio and Derrick Rose, Marc Stein of ESPN reports. The Knicks made a final push for a Derrick Rose-for-Ricky Rubio trade with no additional pieces, but Minnesota balked. (Twitter links).
Earlier today, the Knicks pushed Minnesota to include additional trade pieces along with Rubio. Apparently unable to receive other assets (New York was said to be interested in Nemanja Bjelica), the Knicks made a final push at a straight-up trade offer.
Ian Begley of ESPN corroborated Stein’s report, claiming the Knicks’ willingness to lower their demands came too late in negotiations. Phil Jackson had been looking for draft picks in trade talks with other teams, which may have been the sticking point with Scott Layden of the Timberwolves.
Barring a buyout, Derrick Rose appears set to finish the season in New York before testing the free agent market. Ricky Rubio, who remains ahead of Tyus Jones and Kris Dunn on Minnesota’s depth chart, is under contract through 2018/19.