Timberwolves Rumors

Latest On Courtney Lee

With most of the big-name free agents off the board, Courtney Lee appears to be the top option remaining on the market among wing players. As such, he's drawing plenty of interest — Paul Flannery of WEEI.com writes that agent Dan Fegan advised Lee to be patient, and that patience is close to paying off.

If the Timberwolves' offer sheet to Nicolas Batum is matched by Portland, as expected, both Minnesota and Phoenix will have plenty of cap space to use on Lee. The 26-year-old is also drawing interest from the Bulls and Celtics, though those clubs would likely have to acquire Lee via sign-and-trade.

A deal with Chicago might pique the Rockets' interest, as the Bulls have a $5MM trade exception that could be used to avoid sending salary back to Houston. As the Rockets pursue Omer Asik and Dwight Howard, it's unlikely the team would want to absorb any contracts, which a trade with Boston would require. According to Steve Bulpett of the Boston Herald, Lee has expressed a "strong interest" in playing for Doc Rivers and the Celtics, but with a sign-and-trade difficult to work out and the bi-annual exception unlikely to be enough for Lee, that appears to be a long shot.

Lee may have been a Plan B for some teams that missed out on players like Batum, Eric Gordon, and O.J. Mayo, but as one of the top available targets out there now, he appears to be in line for a lucrative deal.

Free Agent Rumors: Timberwolves, Rush, Mills

A couple more notable names came off the free agent market this morning, when Kris Humphries landed a two-year deal from the Nets and Grant Hill agreed to sign with the Clippers. While a number of solid rotation players are still available, the market is rapidly thinning for teams in search of starters. As clubs continue to jockey to sign the remaining available players, we'll track many of today's free agent rumors right here:

Earlier updates:

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Odds & Ends: Gordon, Cavaliers, Vazquez

Eric Gordon may have to win back some of the fans in New Orleans this year after comments he made about his "heart" already being in Phoenix and not wanting the Hornets to match after the Suns signed him to an offer sheet. Marc J. Spears of Yahoo elaborates on Gordon's thoughts throughout the free agency process and says that the Gordon is now committed to leading a young New Orleans team moving forward. Spears also says that the 6'3 guard has the ability to opt out after the third season and become an unrestricted free agent. Here's more of the miscellaneous tidbits what we've heard this evening..

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Timberwolves Eyeing Lee, Stiemsma

While much of today's speculation has revolved around whether the Knicks will match Jeremy Lin's offer sheet, another sheet that's worth nearly twice as much will be resolved tomorrow. If the Timberwolves' $46.5MM offer sheet to Nicolas Batum is matched by Portland, the T-Wolves are expected to shift their focus to other free agents, including Courtney Lee and Greg Stiemsma, according to A. Sherrod Blakely of CSNNE.com.

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Grizzlies, Timberwolves Discussing Trade

TUESDAY, 12:11pm: The Grizzlies believe they have a verbal agreement to swap Dante Cunningham for Wayne Ellington, but the Timberwolves seem to be looking to include Cunningham in another deal before finalizing anything, reports Ronald Tillery of the Memphis Commercial Appeal. Tillery speculates that the T-Wolves are waiting for resolution on Nicolas Batum's offer sheet before making any other moves official.

"The shoe will drop this week or it won't get done," one source told Tillery, on the Grizzlies/Timberwolves trade talks.

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Odds & Ends: T-Wolves, Griffin, Nuggets, Hollins

Chris Haynes from CSNNW.com has confirmed that the Timberwolves offered Derrick Williams and two first round picks in exchange for Nicolas Batum earlier this summer. Portland, obviously, turned the deal down. (Twitter link). Batum has signed an offer sheet that was given to him by Minnesota, but Trail Blazers general manager Neil Olshey has repeatedly said he would match it before the Wednesday night deadline, sending him back to Portland on a four-year, $46.5MM deal. 
  • After tearing his left meniscus during a Team USA practise last Wednesday, Blake Griffin was forced to remove himself from the Olympic games. The Clippers forward had successful surgery today, and is still expected to be ready in time for training camp, tweets Yahoo! Sports columnist Marc J. Spears. 
  • The Nuggets are considering using their amnesty provision on forward Chris Andersen, tweets Gery Woelfel of the Racine Journal Times. Andersen has two years and $9MM left on his deal.

Earlier updates:

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Hawks Acquire Kyle Korver

JULY 16: The Hawks have announced via a team press release that they have officially acquired Kyle Korver from the Bulls in exchange for cash. As noted on Twitter by ESPN.com's John Hollinger, the Bulls receive a $5MM trade exception in the deal, and the Timberwolves are no longer involved

JULY 13: The trade will also include the Timberwolves, according to Johnson (via Twitter). Korver will be absorbed into the Hawks' $5MM trade exception, and the Bulls will receive a second-round pick from Minnesota, says Johnson. It sounds as if one more detail is required here.

2:18pm: The Bulls have agreed to trade Kyle Korver to the Hawks, reports K.C. Johnson of the Chicago Tribune (via Twitter). The deal is pending a physical, and could become a sign-and-trade involving Kirk Hinrich, according to Johnson.

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Wolves Officially Sign Batum To Offer Sheet

The Blazers have officially received the offer sheet from Minnesota for restricted free agent Nicolas Batum, tweets Jason Quick of the Oregonian.  Chris Haynes of CSNNW.com confirms that it is for four years and $46.5MM with incentives that can take it up to $50MM, as well as a 15% trade kicker. 

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Nicolas Batum Signs Timberwolves’ Offer Sheet

SATURDAY 7:46pm: The Trail Blazers' unwillingness to work out a sign-and-trade with the Timberwolves may stem from the two teams' ongoing discussions to resolve a dispute involving a prior trade for Webster, reports Ric Bucher of ESPN.com

FRIDAY 6:15pm: After waiving Martell Webster and trading Brad Miller earlier today, the Timberwolves will not be able to submit their offer sheet to Nicolas Batum until Sunday, writes Jaynes.

THURSDAY 9:51pm: Dwight Jaynes of CSNNW.com writes that Minnesota added a 15% trade kicker to Batum's offer sheet in which a hefty 15% tax is imposed on the team that trades him during his new contract. This essentially makes it more difficult for Portland to match the deal, however, since the Timberwolves have not submitted the offer sheet to the league yet, there still remains the possibility of a sign-and-trade with the Trail Blazers. 

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Timberwolves Amnesty Darko Milicic

5:08pm: Count the Celtics, Nets and Clippers among the frontrunners to acquire Milicic, reports Marc J. Spears of Yahoo! Sports (via Twitter). 

SATURDAY, 4:15pm: Milicic has cleared waivers and is now an unrestricted free agent, ESPN.com's Marc Stein reports (Twitter link). 

THURSDAY, 11:55pm: The Timberwolves have officially waived Milicic and designated him as their amnestied player, the team announced (via Twitter). Teams with cap space can place bids on Darko, starting at a minimum of about $2.5MM, according to SI.com's Zach Lowe (via Twitter). If he goes unclaimed, he'll become an unrestricted free agent.

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