Mobile Menu
HEADLINES

Timberwolves Rumors

Timberwolves Sign Karl-Anthony Towns

July 7th, 2015 at 9:06am CST by Chuck Myron
Courtesy of USA Today Sports Images

Courtesy of USA Today Sports Images

The Timberwolves have officially signed No. 1 overall pick Karl-Anthony Towns, the team announced (Twitter link). He’ll almost certainly make close to $5.704MM this season, the first of his four-year rookie scale contract, on the standard 120% of the rookie scale, as our table of likely salaries for first-round picks shows. The formal signing represents one of the few types of transactions that can take place before Thursday, when the July Moratorium will be over.

Towns emerged as the top contender to become the No. 1 pick during the NCAA Tournament, even though his star-studded Kentucky team fell short of the national title that Jahlil Okafor, previously the leading prospect, came away with as a part of Duke’s team. Timberwolves coach/president of basketball operations Flip Saunders seemed like a late convert, but he ultimately came on board. Towns’ superior all-court game sets him apart, as Eddie Scarito of Hoops Rumors examined in his prospect profile.

The timing of the move, coming along with the team’s signing of No. 24 overall pick Tyus Jones and shortly after reports of agreements with Kevin Garnett and Nemanja Bjelica, likely signals an end to the major business of the summer for Minnesota, outside of trades. The team will almost certainly operate above the cap, though it will have a roughly $1.7MM portion of its mid-level left to make additions after likely having committed part of it to Bjelica.

Repost Share Send via email

Wolves Sign Tyus Jones

July 7th, 2015 at 9:04am CST by Will Joseph

TUESDAY, 9:04am: The deal is official, the team announced (on Twitter).

SUNDAY, 11:17pm: The Wolves signed No. 24 pick Tyus Jones, as Darren Wolfson of 1500 ESPN Twin Cities reports (Twitter link). The team hasn’t made any formal announcement, but Jones put pen to paper days ago, according to Wolfson.

Judging from the standard 120% of the rookie scale, Jones can expect to earn $1,282,080 the first year, $1,339,680 in year two, $1,397,400 the third year, and $2,444,053 during the final season.

The Wolves acquired Jones, a Minnesota native, from the Cavaliers. Jones, who has solid floor vision and leadership skills, was the Most Outstanding Player of the Final Four this year at Duke. Eddie Scarito of Hoops Rumors profiled Jones and described him as “quite possibly the best pure point guard in this year’s draft.”

Repost Share Send via email

Wolves Pull Qualifying Offer To Robbie Hummel

July 6th, 2015 at 2:33pm CST by Chuck Myron

The Timberwolves have taken back the qualifying offer of more than $1.147MM that they had extended to Robbie Hummel, as Jon Krawczynski of The Associated Press hears (Twitter link). The client of the Priority Sports agency thus becomes an unrestricted free agent, and the team forfeits its right to match competing bids for him. The timing of the move suggests that it’s tied to Minnesota’s deal with Nemanja Bjelica, at least in terms of roster space. Hummel is still eligible to re-sign with the Wolves, and the sides remain in talks, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).

Minnesota officially has 11 players on its roster, but that doesn’t include first-round picks Karl-Anthony Towns, Tyus Jones, or Bjelica. It also doesn’t factor in a new deal for Kevin Garnett, who’s expected to re-sign. Lorenzo Brown‘s salary is non-guaranteed, but if Hummel had accepted the qualifying offer, which he had been free to do at any point, it would have created a logjam.

The team is poised to be over the cap when the July Moratorium is over on Thursday, given its more than $56MM in guaranteed salary, plus cap holds for Garnett, Towns and Jones. Thus, the withdrawal of the qualifying offer probably isn’t a move designed to create more cap room for Bjelica, who can instead go into the team’s $5.464MM mid-level exception. The Wolves don’t appear to be renouncing Hummel’s Early Bird rights, so they can still exceed the cap to re-sign him for up to the average salary, likely around $6MM, if they want. Still, a deal at or close to the minimum salary would be a more realistic outcome if Hummel is to remain with Minnesota.

Repost Share Send via email

And-Ones: Drummond, Farmar, Mekel

July 6th, 2015 at 11:00am CST by Chuck Myron

The Pistons could reap greater cap flexibility for next summer if they wait until then to sign Andre Drummond as a restricted free agent instead of giving him an extension this summer, but the team will leave that choice to the Jeff Schwartz client, writes Vince Ellis of the Detroit Free Press. Drummond reportedly wants an extension, so it would seem it’s a strong bet he’ll end up with one before the October 31st rookie scale extension deadline. Here’s more from around the NBA and related circles:

  • Jordan Farmar has signed with Israel’s Maccabi Tel Aviv, the team announced (hat tip to David Pick of Eurobasket.com). Agent Tony Dutt searched for NBA deals for the point guard who spent part of last season with the Clippers, but found nothing, as Pick hears (Twitter link).
  • Maccabi Tel Aviv management pushed for the deal with Farmar, while the coaches were higher on former Mavs and Pelicans point guard Gal Mekel, according to Pick, who earlier reported that Mekel and the team had a verbal agreement on a three-year deal with NBA out clauses (Twitter links). However, fellow Israeli club Hapoel Jerusalem is still pursuing Mekel, who remains in talks with teams from the NBA and Europe, reports Marc Stein of ESPN.com (on Twitter).
  • Lakers co-owner Jeanie Buss clarified in a radio appearance on KPCC-FM last week that this past year was the first on brother Jim Buss‘ three-year window to guide the team to at least the Western Conference Finals, as Baxter Holmes of ESPNLosAngeles.com details. Jim Buss would resign his job as executive VP of basketball operations if the Lakers aren’t back to that point by the end of the 2016/17 season, his sister said.
  • The Lakers, Heat, Knicks, Suns and Pelicans have expressed interest in Justin Hamilton, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link). The Timberwolves elected not to retain the right to match offers for him when they decided against making a qualifying offer.
  • Serge Ibaka failed to meet an incentive worth $100K this past season, so his cap hit for the Thunder for this coming season shrinks by that amount, to $12.25MM, reports Eric Pincus of Basketball Insiders (on Twitter). That’s unlikely to matter for the Thunder, who are expected to be well above the cap and exceed the tax line. Ibaka’s salary for tax purposes will be determined based on the bonuses that he either triggers or doesn’t trigger this coming season, whereas last season’s figures only affect his cap number.
  • The Nuggets are hiring German national team coach Chris Fleming, former Magic assistant Wes Unseld Jr., and Kings assistants Ryan Bowen and Micah Nori as assistants to new head coach Michael Malone, reports Christopher Dempsey of the Denver Post. They’ll join Bulls assistant Ed Pinckney, who’s also reportedly joining the Denver coaching staff.
Repost Share Send via email

2015/16 Roster Counts: Minnesota Timberwolves

July 2nd, 2015 at 11:44pm CST by Eddie Scarito

During the offseason it’s OK for teams to carry as many as 20 players, but clubs must trim their rosters down to a maximum of 15 by opening night. In the meantime, some teams will hang around that 15-man line, while others will max out their roster counts. Some clubs may actually have more than 15 contracts that are at least partially guaranteed on the books. That means they’ll end up paying players who won’t be on the regular season roster, unless they can find trade partners.

With plenty more movement still to come, here’s the latest look at the Wolves’ roster size, the contract guarantee status of each player, and how each player came to be on Minnesota’s roster.

(Last Updated 3-23-16, 4:00pm)

Fully Guaranteed (14)

  • Nemanja Bjelica (F) — 6’10″/27 years old. Draft rights acquired via Wizards.
  • Gorgui Dieng (C) — 6’11″/25 years old. Draft rights acquired via Jazz.
  • Kevin Garnett (F) — 6’11″/39 years old. Acquired via trade with Nets.
  • Tyus Jones (G) — 6’1″/19 years old. Drafted rights acquired via Cavaliers.
  • Zach LaVine (G) — 6’5″/20 years old. Drafted with No. 13 overall pick in 2014.
  • Shabazz Muhammad (F) — 6’6″/22 years old. Draft rights acquired via Jazz.
  • Adreian Payne (F) — 6’10″/24 years old. Acquired via trade from Hawks.
  • Nikola Pekovic (C) — 6’11″/29 years old. Drafted with No. 31 overall pick in 2008.
  • Tayshaun Prince (F) — 6’9″/35 years old. Free agent signing.
  • Ricky Rubio (G) — 6’4″/24 years old. Drafted with No. 5 overall pick in 2009.
  • Damjan Rudez (F) — 6’10″/28 years old. Acquired via trade from Pacers.
  • Greg Smith (F/C) — 6’10″/25 years old. Free agent signing.
  • Karl-Anthony Towns (F/C) — 6’11″/19 years old. Drafted with No. 1 overall pick in 2015.
  • Andrew Wiggins (F) — 6’8″/20 years old. Acquired via trade from Cavaliers.

10-Day Contracts (0)

  • None

TOTAL ROSTER COUNT (14)

Repost Share Send via email

Wolves Close To Deal With Nemanja Bjelica

July 1st, 2015 at 4:34am CST by Chuck Myron

WEDNESDAY, 4:34am: Bjelica has officially opted out of his deal with Fenerbahce Ulker, Pick reports (Twitter link).

SUNDAY, 7:44pm: Saunders said the Wolves will bring Bjelica over in time for next season, ESPN.com’s Marc Stein tweets.

SATURDAY, 10:05am: Bjelica is in serious discussions with the Timberwolves on a three-year, $12MM-plus deal, but the two sides have been exploring all options, Shams Charania of RealGM.com reports. There is active trade interest around the NBA for the Serbian forward as well, Charania adds.

FRIDAY, 11:53am: The Timberwolves are close to an agreement with draft-and-stash prospect Nemanja Bjelica, reports Jon Krawczynski of The Associated Press (Twitter link). Minnesota couldn’t formally sign the Euroleague MVP until after the July Moratorium, as long as he’s signing for more than the minimum, which will presumably be the case.

Bjelica has sought a “serious offer” of between $5MM and $7MM per season, as David Pick of Eurobasket.com reported this spring. The Timberwolves are unlikely to have the capacity to give him more than the $5.434MM mid-level exception, though speculation has suggested that Minnesota wouldn’t be willing to go that high. Still, the sides have seemingly held mutual interest in a deal.

The Wolves acquired the power forward’s NBA rights from the Wizards in 2010 one year after Washington drafted him 35th overall. Bjelica, already 27, averaged 11.5 points and 8.2 rebounds in 26.1 minutes per game this season for Turkey’s Fenerbahce Ulker. He has one more season left on his contract for that team, as Mark Porcaro shows on our Draft Rights Held Players database. He can escape with a buyout reportedly of 1.2 million euros, the equivalent of about $1.339MM, though the Timberwolves could foot up to $625K of that amount.

Repost Share Send via email

Demetris Nichols Drawing Interest

June 30th, 2015 at 9:55pm CST by Zachary Links

Demetris Nichols has had discussions with teams about a potential NBA return, a league source told Shams Charania of RealGM.  The Grizzlies are among the interested clubs and the T’Wolves and Pelicans have also inquired on him.  Darren Wolfson of 1500 ESPN (on Twitter) says that Nichols’ agent has cast a wide net and the T’Wolves haven’t gone much further than a basic inquiry yet.

Nichols, the Euroleague’s reigning leader in three-point shooting percentage, played two seasons in the NBA between 2007 and 2009 without a great deal of success.  However, Nichols is coming off a season in which he shot 57.5 percent from three-point range with CSKA Moscow, albeit in limited playing time.  The 6’6″ guard has played for the Cavaliers, Bulls, Knicks, in the D-League, and several overseas clubs. In the D-League, Nichols was a former First Team All-D-League selection.

Repost Share Send via email

Qualifying Offers: Tuesday

June 30th, 2015 at 9:45pm CST by Zachary Links

Here are the latest qualifying offer decisions to come in..

Earlier Updates:

  • The Sixers declined to offer guard Glenn Robinson III a qualifying offer, allowing him to become an unrestricted free agent, league sources told Adrian Wojnarowski of Yahoo Sports.  However, Philly has shown an inclination to revisit a longer-term deal for Robinson this summer, according to those same sources.  In 35 games as a rookie, Robinson averaged 2.1 PPG.
  • The Hornets will not make a qualifying offer to guard Jeffery Taylor, according to a source that spoke with Marc J. Spears of Yahoo (on Twitter).  Taylor will now become an unrestricted free agent.
  • Pero Antic, who was rumored to be going overseas, was given a qualifying offer by the Hawks, according to Eric Pincus of Basketball Insiders (on Twitter).  If the Hawks need to maximize their cap space, Pincus adds (link), they can revoke the qualifying offer to Antic and renounce him.
  • As expected, the Magic have extended qualifying offers to both Tobias Harris and Kyle O’Quinn, according to John Denton of OrlandoMagic.com (on Twitter).
  • The Rockets made Patrick Beverley and K.J. McDaniels restricted free agents by extending QOs to them, Pincus tweets.
Repost Share Send via email

Qualifying Offers: Monday

June 29th, 2015 at 7:58pm CST by Dana Gauruder

The Warriors formally made a qualifying offer of $2.725MM to Draymond Green, ensuring the versatile forward will be a restricted free agent, Eric Pincus of Basketball Insiders tweets. Golden State is expected to match any offer sheet to Green, one of the key players en route to its first championship in 40 seasons. The Pistons, Hawks and Rockets are among the teams expected to pursue Green. The Warriors also extended a qualifying offer of $1.147MM to Ognjen Kuzmic but declined the same amount on Justin Holiday, allowing the shooting guard to become an unrestricted free agent, according to a tweet from Rusty Simmons of the San Francisco Chronicle.

In other news regarding qualifying offers around the league:

  • The Cavaliers made qualifying offers to three of their rotation players, allowing Cleveland to match any offer sheet, Pincus reports in a separate tweet. Tristan Thompson ($6.778MM), Matthew Dellavedova ($1.147MM) and Iman Shumpert ($4.334MM) were the players who received them.
  • The Thunder made a qualifying offer of approximately $7.47MM to Enes Kanter, according to Pincus (Twitter link).
  • The Jazz gave a qualifying offer of $1.045MM to Joe Ingles and the Timberwolves did the same for about $1.147MM to make Robbie Hummel a restricted free agent, according to Pincus (Twitter links). However, Minnesota declined the same price tag on Justin Hamilton‘s qualifying offer, Darren Wolfson of KSTP.com tweets, allowing him to become an unrestricted free agent.
  • The Suns made the qualifying offer of $4.79MM to Brandon Knight while his former backcourt partner, the Bucks’ Khris Middleton, got a qualifying offer of $2.275MM, according to Pincus (Twitter links).
  • The Raptors extended a qualifying offer of $1.829MM to a player who was overseas last season, Nando De Colo, Pincus tweets. De Colo played for CSKA Moscow last season.
Repost Share Send via email

Bulls Interested In Gary Neal

June 29th, 2015 at 12:18pm CST by Chuck Myron

The Bulls are among multiple Eastern Conference playoff teams interested in Gary Neal, reports Darren Wolfson of 1500 ESPN Twin Cities (on Twitter). The soon-to-be free agent guard won’t return to the Timberwolves, though he won’t take any meetings with prospective suitors, Wolfson also tweets as he raises the possibility of a sign-and-trade.

A sign-and-trade would be tricky for the Bulls, who can’t take on any player in such a way if they’re to exceed the tax apron, a line $4MM above the tax threshold, at any point in 2015/16. The Bulls have about $63MM in guaranteed salary for next season, including Kirk Hinrich, who opted in today, but not including an expected max deal for Jimmy Butler or any sort of contract for Mike Dunleavy. Thus, Chicago seems poised to exceed the projected $81.6MM tax line, if not the apron.

Alex Kennedy of Basketball Insiders reported in March that the Wolves would be interested in re-signing the late-blooming five-year veteran who turns 31 in October, but apparently that won’t be happening. Neal seemed eager to leave Minnesota around the trade deadline, shortly after the Wolves acquired him from the Hornets. The Bulls, as well as the Hawks and Wizards, all Eastern Conference playoff teams, reportedly had interest in him around that time.

Repost Share Send via email
Load More Posts