Timberwolves Rumors

Timberwolves’ New Owners Prepared To Continue Paying Tax

July 18th, 2025 at 4:08pm CST by Luke Adams

After paying a franchise-record $90.4MM in luxury tax penalties last season, the Timberwolves are now under new ownership. But the transfer from Glen Taylor to Marc Lore and Alex Rodriguez won’t make the team any less inclined to pay a tax bill, according to Mike Vorkunov of The Athletic.

As Vorkunov relays, Lore said this week that he and Rodriguez are prepared to continue being taxpayers as long as they think it benefits the franchise in both the short and long term.

“We think about it like we do a startup, where startups lose money, but they’re investing because it’s creating enterprise value over the long term,” Lore said. “And I think that’s the way we think about. It is investing in the team, in winning, creates long-term franchise value. That’s not over the next three to five years, but 10 to 20, the next 50 years, even.

“So, we’re prepared to invest, we’re prepared to lose money to create a winning culture. But a sustainable winning culture, not just a one year — you’re not going to see us do what maybe people might expect us to do, which is come in as owners and make some big flashy move. We’re being very methodical about the decisions we make, and we’re thinking in every decision what’s in the best interest of building a long-term, sustainable culture of winning.”

While the Timberwolves have fallen short of a championship, they’ve appeared in the Western Conference Finals in back-to-back seasons and were able to re-sign forwards Julius Randle and Naz Reid to new deals in free agency this month. Those signings pushed Minnesota’s team salary well above the tax line again in 2025/26.

However, because the Wolves aren’t as far above the tax line this season, don’t qualify as a repeater taxpayer, and will benefit from reduced penalties for the first two tax brackets, their year-end tax bill should come in significantly lower than last season’s $90MM+. Their projected bill will depend on how they fill out their roster — they currently have 13 players on guaranteed standard contracts.

International Notes: Bacon, Anderson, Hall, Gobert

July 18th, 2025 at 10:17am CST by Luke Adams

Ahead of the team’s first season in the EuroLeague, Dubai Basketball is loading up on former NBA players. The team announced this week in a pair of press releases that it has signed free agent shooting guard Dwayne Bacon and wing Justin Anderson.

Bacon, who will turn 30 next month, hasn’t been on an NBA roster since being waived by the Lakers in October 2022, but the former No. 40 overall pick out of Florida State appeared in 207 regular season games for Charlotte and Orlando from 2017-21. He averaged 7.3 points, 2.6 rebounds, and 1.1 assists in 19.4 minutes per game – with a shooting line of .402/.314/.780 – during that time and has since played in Monaco, Greece, China, Puerto Rico, and Russia.

Anderson, meanwhile, is a 2015 first-round pick who made 242 NBA regular season appearances for six teams from 2015-22. The 31-year-old, who averaged 5.3 points and 2.6 rebounds per game on .410/.292/.775 shooting in the NBA, has played for three separate clubs in Spain since 2023.

In addition to Bacon and Anderson, Dubai recently added former Brooklyn swingman Dzanan Musa and former Dallas guard McKinley Wright. The roster also features longtime NBA big man Davis Bertans, who played for Dubai last season.

Here are a few more notes from around the international basketball world:

Big man Donta Hall, who suited up for three NBA teams from 2020-21, has agreed to a three-year deal with the Greek team Olympiacos, reports Donatas Urbonas of BasketNews.com. Hall also drew interest from Panathinaikos, tweets Marc Stein, while his former team in Spain (Baskonia) will receive a buyout payment, as Aris Barkas of Eurohoops details.
Speaking to the French outlet L’Aisne Nouvelle, Timberwolves big man Rudy Gobert explained why he won’t be suiting up for France at this year’s EuroBasket tournament. “I’ve had busy summers in recent years, and it’s taken a toll,” Gobert said (hat tip to Eurohoops). “People don’t always realize how intense the EuroBasket is. It finishes just before the NBA resumes, and it’s a big responsibility. I had said I’d wait until the end of the season to decide, and now I have. This summer, I’m focusing on myself, my family and my son.”
We’ve passed along several international basketball updates over the course of this week, including updates on Nassir Little‘s new team overseas, a Cavaliers second-round pick signing in Italy, and former NBA guard Vasilije Micic ending up in Israel. Our full archive of international basketball stories can be found right here.

Latest On Bradley Beal

July 17th, 2025 at 11:08pm CST by Luke Adams

After he was hired as the Suns‘ head coach in June, Jordan Ott met with Bradley Beal and shared his plan for how the team could use the veteran shooting guard next season, writes ESPN’s Brian Windhorst. However, according to Windhorst, Beal had already decided after meeting with agent Mark Bartelstein that he wanted to move on from Phoenix.

“We couldn’t take the chance [of another lost year],” Bartelstein told Windhorst. “This decision was about basketball. Bradley wants to play in big games and in big moments.”

When Phoenix traded Kevin Durant to Houston for a package headlined by another shooting guard – Jalen Green – it cemented Beal’s decision.

According to Windhorst, the Suns and Timberwolves had discussed the possibility of a Durant package that would’ve included Rudy Gobert, Donte DiVincenzo, Terrence Shannon Jr., and the No. 17 pick in this year’s draft, which could’ve left an opening for Beal in the Suns’ lineup. But with Durant uninterested in playing in Minnesota, the Wolves were unwilling to move forward on those talks and Phoenix pivoted to the Rockets’ offer.

After the Durant trade was completed, the Suns gave Beal and Bartelstein permission to speak to other teams, and more than 20 showed interest, sources tell ESPN. Beal ultimately met via Zoom with about a half-dozen of them, and after trading Norman Powell to Miami earlier this month, the Clippers emerged as the clear frontrunner.

According to Windhorst, while Clippers owner Steve Ballmer and head coach Tyronn Lue spoke to Beal about what the club could offer him, the most noteworthy pitch came from star guard James Harden, who lobbied the front office to pursue Beal and then reached out directly to the guard (and to Bartelstein) to recruit him.

In addition to selling Beal on the Clippers’ depth and how he would fit in with the current group, Harden pointed out that his own career has been rejuvenated in Los Angeles after disappointing stints in Brooklyn and Philadelphia, Windhorst notes. After a couple discouraging years in Phoenix, Beal is in a similar spot — he’ll be looking to bounce back next season and views L.A. as a good spot to do it.

“No one wants to be released. There’s heartache with that,” Bartelstein said. “But Bradley wants to be in a position where no one remembers he got released, that they’ll remember how he plays next season.”

Here’s more on Beal:

The Suns needed Beal to give up at least $13.9MM of the $110.8MM still owed to him in order to legally waive-and-stretch his contract. Phoenix’s front office actually pushed for the 32-year-old to give up more than that, resulting in buyout talks getting “heated,” per Windhorst, who says Beal ultimately forfeited not a penny more than he needed to for the Suns to use the stretch provision. “There were some intense conversations,” Bartelstein said.
Bartelstein also spoke to Mark Medina of Sportskeeda about why things didn’t work out for Beal in Phoenix and why he chose the Clippers over other suitors. Citing Beal’s existing relationship with Lue, along with the Clippers’ vision for his client, Bartelstein explained that L.A. checked all their boxes. “He was heavily pursued by pretty much everybody in the NBA and certainly almost every top-tier team,” Bartelstein said. “I had made it known in conversations around the league that we were looking to go somewhere where he could play in really big games and big moments. We knew there were places he can go to and score 30 points a game again. But he really wanted to go to a place where he can compete for a championship. With that in mind, we quickly narrowed down to six or seven teams that we thought were in that world and with the roster shaped up, it would be a great fit for Brad. … It was a really tough choice. … We felt at the end of the day that the Clippers was the very best fit.”
The Suns’ trade for Beal will go down as one of the biggest missteps in franchise history, contends Doug Haller of The Athletic. Haller doesn’t blame Beal, noting that he was willing to change his game and continued to score efficiently. However, his production didn’t match his salary, Haller writes, which was a microcosm of the Suns as a whole — the league’s most expensive roster failed to win a playoff game during the two years after acquiring Beal.

And-Ones: Jokic, DiVincenzo, 2027 Draft, Sheehey

July 17th, 2025 at 12:09pm CST by Rory Maher

Superstar Nuggets center Nikola Jokic is expected to confirm that he’ll play for the Serbian national team at this summer’s EuroBasket tournament, according to Dorde Matic of Meridian Sport. In fact, the same group that led Serbia to a bronze medal at the 2024 Olympics in Paris is expected to be available when EuroBasket 2025 tips off in late August, Matic writes.

Jokic also won a silver medal with Serbia at the 2016 Olympics in Rio de Janeiro, notes Kevin Martorano of Sportando.

Here are a few more odds and ends from around the basketball world:

Timberwolves guard Donte DiVincenzo, who spoke in April about his desire to suit up for Italy at EuroBasket 2025, has been granted Italian citizenship, clearing the way for him to play at the tournament, per BasketNews.com. The 28-year-old will formally be sworn in as an Italian citizen in Chicago after Italy’s president, Sergio Mattarella, approved the proposal to make DiVicenzo a citizen on Thursday, reports Alessandro Maggi of Sportando.
While the top of the 2026 NBA draft class is viewed very favorably, executives are not enthusiastic about the prospects who could be selected in 2027, writes Jonathan Givony of ESPN. “This is one of the weakest high school classes I’ve seen in a long time,” one grizzled talent evaluator with extensive experience in the amateur youth space told ESPN. “There might not be a single All-Star in this group, and after the first few prospects, I’m not sure how many NBA starters I see either from the other five-star recruits. New players always emerge, but by now we usually have a pretty good idea of who the most elite prospects are, and it’s looking like slim pickings, even more so than the weak 2024 NBA draft, which at least had several high-end international prospects we could point to.”
Will Sheehey, who has spent the past four years in various coaching-related roles with the Warriors, has officially signed a one-year deal with the Bakken Bears to become an assistant coach and head of the Danish club’s player development program, as Johnny Askounis of Eurohoops relays. Sheehey’s most recent title with Golden State was assistant director of player development and innovation, Askounis adds.

Julius Randle Signs Three-Year Contract With Timberwolves

July 16th, 2025 at 10:28am CST by Luke Adams

July 16: Randle’s new deal with the Timberwolves has been officially finalized, according to NBA.com’s transaction log.

June 29: The Timberwolves and forward Julius Randle have agreed to terms on a multiyear deal, sources tell Shams Charania of ESPN (Twitter link).

The new contract will replace Randle’s player option for 2025/26 and will be worth $100MM over three years, according to Charania, who reports that it will include a third-year player option for ’27/28.

After being sent from the Knicks to the Timberwolves in the Karl-Anthony Towns blockbuster right at the start of training camp last fall, Randle took some time to adjust to the change of scenery and didn’t score or shoot as much during his first year as a Timberwolf as he had gotten accustomed to during his years in New York.

However, the 30-year-old ultimately had another productive season as a scorer, rebounder, and play-maker in Minnesota, putting up averages of 18.7 points, 7.1 rebounds, and 4.7 assists per game in 69 outings, with a shooting line of .485/.344/.806. The Timberwolves were 44-25 during the regular season in games he played and 5-8 in the ones he missed.

Randle’s deal is the second major contract agreement the Timberwolves have reached with a member of their frontcourt between the end of the draft and the official start of free agency. Minnesota also struck a five-year, $125MM deal with Naz Reid.

The two contracts will push the Wolves’ team salary to the brink of the second tax apron for 2025/26, and I expect the club will be reluctant to surpass that threshold again after operating as a second-apron team in ’24/25. That means free agent guard Nickeil Alexander-Walker will end up elsewhere, as Jon Krawczynski of The Athletic confirms (via Twitter).

Timberwolves Sign Naz Reid To Five-Year Deal

July 14th, 2025 at 5:04pm CST by Luke Adams

JULY 14: The signing is official, according to a team press release.

JUNE 27: The Timberwolves and Naz Reid are in agreement on a new contract, according to Shams Charania of ESPN, who reports that the reserve forward/center intends to sign a five-year, $125MM contract to remain in Minnesota.

Reid held a player option worth approximately $15MM for the 2025/26 season, but will turn down that option in advance of Sunday’s deadline in order to finalize his new deal with the Wolves in July. According to Charania, the new contract will also feature a player option on the final year.

After winning the NBA’s Sixth Man of the Year award in 2023/24, Reid had another strong showing for the Timberwolves in ’24/25, matching or exceeding his stats from the previous season in several key categories. The 25-year-old averaged 14.2 points, 6.0 rebounds, and 2.3 assists in 27.5 minutes per game across 80 outings (17 starts).

Reid has knocked down 39.5% of 5.4 three-point attempts per game over the past two seasons, making him a valuable floor-spacer in Minnesota’s frontcourt alongside center Rudy Gobert. Lineups featuring Reid and Gobert outscored opponents by 11.8 points per 100 possessions last season, the best mark of any of the team’s 25 most frequently used duos.

According to Charania, there was a “vibrant market developing” in free agency for Reid, with teams prepared to offer similar money and potentially a starting role. While Brooklyn is the only club currently projected to have enough cap room to have offered Reid a starting salary in the range of $20-25MM, there are other clubs that probably had the ability to get there.

The Pistons, for instance, were known to be interested in adding a stretch big man, and were cited as a team with interest in Reid. Detroit has the ability to create roughly $17MM in cap room and could have attempted to move off one more contract to create additional spending flexibility.

But the Timberwolves spoke both publicly and privately since their season ended about their desire to retain Reid, and showed with their five-year offer that they were serious about holding off rival suitors.

The next orders of business for the Wolves will be figuring out what happens with starting power forward Julius Randle and guard Nickeil Alexander-Walker. Randle holds a $30.9MM player option that he must decide on by Sunday, while Alexander-Walker will be an unrestricted free agent.

Although Minnesota has expressed a desire to keep all three players, retaining both Randle and Alexander-Walker would almost certainly push team salary well over the second tax apron for a second straight year, as cap expert Yossi Gozlan outlines (via Twitter). That may not appeal to the front office (or team ownership).

There has been some skepticism about the Wolves’ ability to keep all three players, with Alexander-Walker viewed as the most likely odd man out. Accounting for Randle’s option and no new deal for Alexander-Walker, the Wolves currently project to operate just below the second apron, tweets ESPN Bobby Marks.

Reported Signings That Aren’t Yet Official

July 14th, 2025 at 11:15am CST by Luke Adams

Most of the free agent deals and all of the trades that were reported during or before the July moratorium have since been officially finalized, but there are still a handful of signings that we’re waiting on. Here’s a quick breakdown of the reported free agent contracts that have not yet been formally completed and announced:

Brooklyn Nets:

Day’Ron Sharpe (two years, $12MM)
Ziaire Williams (two years, $12MM)

The Nets are the only NBA team that still has cap room remaining, so they’re likely weighing their options for how best to use that space before officially cutting into it by signing Sharpe and/or Williams. It’s possible that one of those two contracts will eventually slot into the room exception in order to help Brooklyn maximize its cap space.

Dallas Mavericks:

Dante Exum (one year)

The Mavericks are hard-capped at the second tax apron as a result of using their taxpayer mid-level exception to sign D’Angelo Russell. Signing Exum, even for the minimum (which will likely be what his new deal is worth), would push their team salary above that hard cap, which isn’t permitted. So Dallas will need to make a cost-cutting move before officially finalizing Exum’s deal. Former first-round pick Olivier-Maxence Prosper is considered a trade candidate.

Memphis Grizzlies:

Santi Aldama (three years, $52.5MM)
Ty Jerome (three years, $27.66MM)
Cam Spencer (four years, $10.5MM)
Jock Landale (one year, minimum salary)

The Grizzlies needed to finalize Cole Anthony‘s buyout and renegotiate Jaren Jackson‘s contract using cap room before making all of these moves, which can be completed without using cap space. Anthony’s buyout and Jackson’s renegotiation both happened over the weekend, so I’d expect Memphis to start officially finalizing these signings soon — perhaps even as soon as today.

Minnesota Timberwolves:

Naz Reid (five years, $125MM)
Julius Randle (three years, $100MM)

It’s not entirely clear why the Timberwolves‘ two big deals for their power forwards have been delayed. My best guess is that Minnesota is waiting on a decision from another free agent on an offer that would use the team’s taxpayer mid-level exception.

In that scenario, the Wolves would want to get Reid’s and Randle’s first-year salaries as low as possible to ensure their team salary stays below a second-apron hard cap. If there’s not another non-minimum free agent incoming, the club could potentially increase Reid’s and Randle’s first-year salaries slightly. That’s just my speculation, however.

Many two-way deals and Exhibit 10 agreements around the NBA have also been reported and not yet finalized, but those won’t affect teams’ cap situations, so the ones above are the ones we’re keeping the closest eye on.

Northwest Notes: Beringer, Henderson, Hansen, Bates

July 13th, 2025 at 7:01pm CST by Eli Cohen

The workout that sealed Joan Beringer‘s selection by the Timberwolves with the 17th overall pick last month took place in Chicago less than a week before the draft, writes Jon Krawczynski of The Athletic.

The Wolves’ front office had been keeping an eye on the young big man, who only started playing basketball at 14 when he grew too big for soccer cleats throughout his season with Cedevita Olimpija. But that late workout allowed Beringer to show his skill set outside of the game tape, and that proved to be the deciding factor for Minnesota’s top decision-makers.

“I remember just catching an eye with [Wolves’ president Tim Connelly] and both of our eyebrows were kind of cocked, like what’s going on here, man,” said director of scouting Joe Connelly.

Beringer’s agent, Jelani Floyd, considered his client’s floor to be No. 16 with Orlando, but when the Magic traded their pick to the Grizzlies, the Wolves contacted him to schedule a last-minute workout — Floyd made the front office come to him.

“My whole thing is like, hey, come in, bring your staff, and we’ll be able to see how serious they were,” Floyd said.

The Wolves found the combination of Beringer’s size, mobility, and balance — which culminated in him performing a free-throw line dunk on command — impressive enough that they decided the French center had to be their guy.

We have more from around the Northwest division:

Trail Blazers‘ head coach Chauncey Billups is extremely encouraged by the offseason work from Scoot Henderson, who Billups said is having an incredible summer. “He had a tough year last year, only because he didn’t get to play basketball during the summer. He was banged up, he was licking his wounds from the season.” Billups said in a Summer League interview with the ESPN broadcast team (video link). “This year he’s been playing ball all summer, he’s been working on his game, as you said. Scoot is gonna take an incredible leap this year.” Billups also expressed excitement about how Jrue Holiday could help Henderson’s development: “What better guy in the league could you have to raise Scoot and Shaedon [Sharpe]?“
Yang Hansen was maybe the biggest surprise of the 2025 draft when the Trail Blazers picked him 16th overall, but his Summer League debut went a long way to quieting any doubters, writes Sean Highkin of Rose Garden Report (subscriber link). Hansen put up 10 points, four rebounds, five assists, and three blocks, and while his passing captured a lot of attention, Highkin says that it was his communication with his teammates that was the most impressive part of his debut performance. At least one person within the Blazers organization wasn’t surprised. “You don’t do something that crazy unless you’re sure about it,” said the anonymous staffer.
Tamar Bates is finding a way to impact the Nuggets‘ Summer League team outside of the box score, writes Bennett Durando of the Denver Post. Bates, who is on a two-way contract, has made an effort to be a vocal leader and communicator out on the floor. “I felt like I made a lot of winning plays,” Bates said. “I made a few shots, but I think the thing I’m most proud of is that I didn’t let a missed shot or a turnover affect my communication (and) my intensity.” Nuggets’ Summer League coach Andrew Munson agreed with the self-assessment. “He’s the loudest guy on the team, in all the right ways,” Munson said.

Northwest Notes: Valanciunas, Nuggets, Thunder, J. Gentry

July 12th, 2025 at 8:21am CST by Rory Maher

The agreed-upon trade between the Nuggets and Kings that will send Jonas Valanciunas to Denver and Dario Saric to Sacramento will likely be completed this weekend, reports Marc Stein of The Stein Line (Twitter links).

According to Stein, the delay was due to the Nuggets needing additional time to finalize “all aspects” of their Michael Porter Jr./Cameron Johnson trade with the Nets. Both of those players have extensive injury histories, so that may have played a factor, though Stein didn’t explicitly say that.

Denver had to formally complete the Porter/Johnson deal before it could acquire Valanciunas due to the way the trades were structured.

Here’s more from around the Northwest Division:

Head coach David Adelman believes Valanciunas can be the offensive hub of the Nuggets‘ second unit, as Bennett Durando of The Denver Post relays. “Point center. You can play combo guards. You don’t need a lead point guard (in lineups with Valanciunas),” Adelman said on ESPN’s Summer League broadcast. “You can play five-out offense, play off the elbow, post him up. He’s such a skilled player. … He shoots the ball better than most people realize. So that’s how I envision him. I think you have multiple combination guards. You can get away with that with a guy like that.”
The Thunder have signed (or are signing) their top three players — Shai Gilgeous-Alexander, Jalen Williams and Chet Holmgren — to maximum-salary extensions this summer. Sam Quinn of CBS Sports explains why Oklahoma City is uniquely well positioned to manage the punitive aspects of having an expensive payroll in the future, noting that the defending champions may not operate over the second tax apron until the 2027/28 season.
The Timberwolves are hiring Jack Gentry — a former Lakers coaching associate — to be their new head video coordinator, sources tell Dave McMenamin of ESPN (Twitter link). Jack is the son of longtime NBA coach Alvin Gentry, who is currently a member of Sacramento’s front office.

And-Ones: Veteran Extensions, Summer League, Rubio, Arcidiacono

July 11th, 2025 at 10:00pm CST by Eli Cohen

This offseason has seen a trio of Thunder players receive maximum-salary contract extensions in Shai Gilgeous-Alexander, Jalen Williams, and Chet Holmgren, with Grizzlies big man Jaren Jacks on Jr. and Suns guard Devin Booker among the other veterans who have signed – or at least agreed to – lucrative extensions.

That still leaves several dominoes to fall, according to John Hollinger of The Athletic, many of which are more interesting than your usual run-of-the-mill negotiations. It has already been reported that Nikola Jokic isn’t expected to sign a new deal with the Nuggets, for instance, as he would be eligible for a much higher number if he waits a year.

Another example of a conversation that is more complicated than it would appear is the Lakers and Luka Doncic. Because Doncic was traded while on his second contract, he is not super-max eligible. Because of that, it’s possible that he could negotiate to remove his player option and extend for three years with a player option, which would set him up for a new deal in 2028 that would be worth the 35% max for 10-year veterans.

Kristaps Porzingis and Trae Young of the Hawks, Darius Garland with the Cavaliers, Mikal Bridges with the Knicks, Kevin Durant with the Rockets, De’Aaron Fox with the Spurs, and Toumani Camara with the Trail Blazers are among the other extension candidates Hollinger identifies and examines.

We have more from around the world of hoops:

The beauty of Summer League is that there’s something for every fan base to find hope in. ESPN’s Kevin Pelton and Jeremy Woo go through all 30 rosters to spotlight a player to watch for every team. While some, like Cooper Flagg in Dallas, are obvious, not every team has a top pick. Pelton points to LJ Cryer for the Warriors and Kobe Brown for the Clippers, while Woo looks at Kobe Bufkin for the Hawks and Taelon Peter for the Pacers, among others.
Ricky Rubio recently opened up about his mental health struggles that have kept him out of basketball for the last year. He spoke with Jorge Quiroga of Marca about his time with the Timberwolves, saying, “I had a rough time in my third year. Things weren’t going well, and I gave an interview to a journalist. My parents came to see me in Minneapolis, and after the game, I talked to my mom and cried, telling her I wanted to leave.” When it comes to his future, he said, “I’d like to play basketball without being Ricky Rubio, but it’s impossible. I want to play basketball, but I can’t. I’m trying my best to see if I can.”
Former Knicks guard Ryan Arcidiacono has agreed to a deal with Trapani Shark, a Sicilian-based team in Italy’s top league, per a press release. Arcidiacano played seven years in the NBA, averaging 4.0 points and 1.9 assists per game. He most recently played with the Windy City Bulls in the G League, averaging 8.2 PPG and 3.3 APG in 21 minutes a night.

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