Karl-Anthony Towns Rumors | Hoops Rumors

Timberwolves Notes: KAT, Title Path, Branch, Spagnolo

July 28th, 2022 at 9:04pm CST by Alex Kirschenbaum

After agreeing to a four-year, super-max extension earlier this offseason with the team that selected him first in the 2015 NBA draft, Timberwolves All-Star big man Karl-Anthony Towns penned an enthusiastic letter praising Minnesota fans in local paper the Star Tribune (h/t to NBA Retweet for capturing the image).

“To the best fans in the NBA,” Towns began his missive. “When I arrived in Minnesota in 2015, I carried a lot of weight on my shoulders… I arrived at a hopeful time for the franchise. The best part of my tenure here is that we have such a bright future ahead — because of you all, the fans.

“… I am not who I am today without you,” Towns continued. “Thank you for challenging me, holding me accountable, supporting me and giving me a place to grow up and learn what it means to represent this state…. I promise to continue leading us to new heights for years to come.”

Towns will be suiting up for a new-look Minnesota club this fall, thanks in no small part to the team’s blockbuster trade for former Jazz All-Star center Rudy Gobert.

There’s more out of Minnesota:

In recent remarks made after agreeing to his new contract, Karl-Anthony Towns claimed to revel in the challenge of lifting the team that drafted him onto the path to title contention, writes Michael Rand of the Star Tribune. “A lot of people in my position, you know, they get to this spot with their second contract and they’re looking to get a ring — the easiest ring around the league,” Towns said during a conversation for the Star Tribune’s podcast Daily Delivery. “I wanted to take the harder route. I wanted to be loyal to the people who brought me into this league and gave me a chance to prove my worth. I wanted to win here.”
Joe Branch, a Timberwolves front office executive who first joined Minnesota following a stint as an agent with Roc Nation, is on the cusp of heading back to the agency side, where he is set to latch on with BDA Sports, according to Marc Stein (Twitter link).
Shooting guard Matteo Spagnolo, drafted by the Timberwolves with the No. 50 pick this year, will join Italian club Aquila Basket Trento for the 2022/23 season, the team announced in a press statement. Spagnolo heads to Aquila Basket on loan from Real Madrid, for whom the 19-year-old has played since 2018. During the 2021/22 season, Real Madrid loaned Spagnola out to another Italian team, Vanoli Cremona. In 25 contests for Vanolia Cremona, the 6’4″ wing averaged 12.2 PPG on .440/.441/.861 shooting. He also notched 3.5 RPG, 2.6 APG and 0.8 SPG.

Wolves Notes: Towns, Gobert, Edwards, Spagnolo

July 23rd, 2022 at 6:20pm CST by Arthur Hill

Karl-Anthony Towns‘ super-max extension will keep him with the Timberwolves through the end of the 2027/28 season, and the star center has plans to stay even longer. At a press conference Friday formally announcing the extension, Towns indicated that he wants to spend the rest of his career in the Twin Cities, tweets basketball writer Christos Tsaltas.

“My dream is to retire here (in Minnesota),” Towns said. “I’m very comfortable spending my time here. This place has a special energy.”

If that happens, Towns will be among a select group of modern elite players to spend their entire career with one team. He has been a cornerstone of the franchise since being taken with the No. 1 pick in the 2015 draft, and the Wolves appear to be on the rise after reaching the playoffs last season and completing a huge offseason trade to acquire Rudy Gobert.

“I expect a lot of winning here,” Towns told reporters. “I want to win.”

There’s more from Minnesota:

Appearing on ESPN’s NBA Today (video link), Towns said he was in London when the trade with Utah happened. When his girlfriend told him, “You guys got Rudy,” he thought the team signed Rudy Gay. When she explained that it was actually Gobert, Towns started thinking about the possibilities of having two big men on the court together. “I just saw the vision of us both twin towers out there,” Towns said. “What he can do defensively, what I can do offensively, and we all putting that together for one organization, I think it’s going to be very different. The NBA hasn’t seen something like this (for years). It’s going to be unique and it’s going to be scary.”
In the same interview, Towns expressed supreme confidence in teammate Anthony Edwards and said the two of them need to “go out there and play at a level that hasn’t been seen since Shaq and Kobe, if possible” (Twitter link).
The Wolves have confirmed that second-round pick Matteo Spagnolo will play overseas next season, according to Cody Taylor of USA Today’s Rookie Wire. Spagnolo, the 50th overall selection, spent last season with Vanoli Cremona of Lega A, Italy’s top professional league. He played for Minnesota in the Las Vegas Summer League, averaging 3.2 points, 1.8 assists and 1.4 rebounds in five games.

KAT: It’s “Championship Or Bust” After Gobert Trade

July 22nd, 2022 at 10:02pm CST by Rory Maher

At a press conference to announce his super-max extension on Friday, Timberwolves star Karl-Anthony Towns said he is fully aware of the expectations the team has going forward after trading an enormous amount of assets for three-time Defensive Player of the Year Rudy Gobert.

“Championship or bust,” Towns said.

He elaborated further once the press conference was over.

“When you make the trade that we made, that’s the reality. I’m not trying to sugarcoat,” Towns told Michael Rand of The Star Tribune. “You’ve got to think that. That’s really what’s on the table. I don’t think the fans would be accepting of [a goal of] a third-round elimination. … Let’s be real. The standards are high. The pressure is high. And that’s when we should all love to play basketball even more.”

As Rand writes, the idea that Minnesota would have such lofty goals even last summer, after a disappointing season saw the team finish 23-49, 13th in the West, might have seemed preposterous.

But things change quickly in the NBA, Rand notes. The Wolves won 46 games last season and made the playoffs for just the second time in the past 18 years, and now after acquiring a four-time All-NBA center, the bar for success has risen dramatically.

New president of basketball Tim Connelly said he was grateful that Towns was so eager to recommit to the only franchise he’s ever known.

“For Karl, he’s seen a lot of tough days,” Connelly said, per Rand. “It was so exciting to hear how excited he was about Finchy (head coach Chris Finch) and his teammates and how quickly he was willing to get this done.”

Contract Details: Booker, Towns, Magic, Oladipo, Anderson, Hardy

July 9th, 2022 at 4:58pm CST by Luke Adams

The new super-max extensions for Suns guard Devin Booker and Timberwolves big man Karl-Anthony Towns each come with a different perk.

Booker’s deal includes a 10% trade kicker, but is fully guaranteed for all four years, with no player option in 2027/28.

Towns’ new contract, conversely, doesn’t feature a trade kicker, but has a fourth-year player option, giving Towns the ability to opt out and reach free agency in 2027.

Here are several more contract details from around the NBA:

Both Mohamed Bamba and Bol Bol received one guaranteed season and one non-guaranteed season on their new two-year contracts with the Magic. Bamba has matching cap hits of $10.3MM on his deal, while Bol’s cap hits are $2.2MM apiece.
Victor Oladipo‘s reworked two-year deal with the Heat came in at $18.2MM in total. It’s worth $8.75MM in 2022/23, with a $9.45MM player option for ’23/24.
As previously reported, Kyle Anderson‘s two-year contract with the Timberwolves is worth exactly $18MM. It features a first-year salary of $8,780,488 and a 5% raise to $9,219,512 for 2023/24.
Jaden Hardy‘s three-year contract with the Mavericks is, as expected, worth the minimum in all three seasons. It’s fully guaranteed in the first two years, with a partial guarantee of $400K in year three.

Karl-Anthony Towns Signs Super-Max Extension With Timberwolves

July 7th, 2022 at 8:03pm CST by Alex Kirschenbaum

JULY 7: Towns has officially signed the contract, according to a team press release.

“I couldn’t be prouder to continue my commitment to this franchise and community for years to come,” Towns said. “Minnesota has become my home and I am excited to continue making the fans proud to support the Timberwolves. My first seven years in the league, it has been an amazing journey. It all started with Flip Saunders taking a chance on me and now here we are. I look forward to all the achievements that are ahead for our team and the Timberwolves fanbase.”

JUNE 30: Karl-Anthony Towns has agreed to sign a four-year, super-max extension with the Timberwolves, agent Jessica Holtz tells ESPN’s Adrian Wojnarowski (Twitter link).

The deal will begin in 2024/25 and will be worth 35% of that season’s salary cap, with 8% raises in subsequent seasons. Since the ’24/25 cap figure isn’t yet known, neither is the amount of Towns’ extension, but Wojnarowski projects it to be worth about $224MM over four years.

The signing is something of a no-brainer for a Minnesota club on the rise. Towns, still just 26, enjoyed something of a comeback season with Minnesota in 2021/22. Though his stats in recent years remained impressive, the team had been mired in middling lottery-bound purgatory for three straight seasons prior to 2022.

In 2022, the 6’11” center made his first All-Star team since 2019 and his first All-NBA Team since 2018. Towns also won the NBA Three-Point Contest during the 2022 All-Star Weekend, a rarity for a big man. During 74 games last year, Towns averaged 24.6 PPG, 9.8 RPG, and 3.6 APG, with guard-like shooting splits of .529/.410/.822.

The three-time All-Star’s offensive prowess was a big reason the Timberwolves returned to their first playoff berth in four years. Led by Towns and second-year phenom Anthony Edwards, plus guards D’Angelo Russell and Patrick Beverley, the seventh-seeded Timberwolves pushed the second-seeded Grizzlies in a tough, physical first-round series. Minnesota would ultimately fall to Memphis in six games.

A super-max contract extension for Towns, an exceptional offensive talent just reaching his prime, had previously been considered the top priority for Minnesota’s front office this summer.

So far in free agency, the team has also added veteran small forward Kyle Anderson and re-signed tweener forward Taurean Prince to a two-year extension. The team also exercised non-guaranteed team options for 2022/23 on Naz Reid and Jaylen Nowell.

In the draft, the Timberwolves added several intriguing young players. Auburn big man Walker Kessler, the Naismith National Defensive Player of the Year, and Duke small forward Wendell Moore, were selected in the first round. Memphis drafted Memphis swingman Josh Minott and Vanoli Cremona shooting guard Matteo Spagnolo in the second round.

Wolves Notes: Gobert, Towns, Durant, Murray

July 3rd, 2022 at 8:51am CST by Luke Adams

Although the Timberwolves were encouraged by last season’s success, there was an “overwhelming feeling internally” that the team would hit a wall before becoming a legitimate title contender if it didn’t make at least one more major upgrade, writes Jon Krawczynski of The Athletic.

That line of thought was the motivation behind the team’s blockbuster trade agreement for three-time Defensive Player of the Year Rudy Gobert. As Krawczynski explains, the front office had a hard time identifying another player around the NBA who could address so many of the club’s weaknesses and would be available for the package Minnesota was willing to offer.

The Timberwolves anticipate Gobert will make life easier for his new teammates, allowing them to take more gambles on defense and giving D’Angelo Russell a pick-and-roll partner who sets good screens and can be a lob threat.

The Wolves also believe they can make Gobert’s life easier — Minnesota has stronger perimeter defenders (Anthony Edwards, Jaden McDaniels, Kyle Anderson, Taurean Prince) than Utah did, and Karl-Anthony Towns‘ ability to make outside shots will complement Gobert’s inside game, Krawczynski notes.

Here’s more on the Wolves and their roster shake-up:

Sources tell Krawczynski that Gobert has expressed excitement about playing with the Timberwolves and that Towns was especially supportive of the move.
According to Krawczynski, Wolves sources were pessimistic throughout the process that an agreement would actually be reached, and a deal looked to be “in peril” as of Friday morning. Minnesota was prepared to shift its focus to other targets like Myles Turner or Clint Capela before the Gobert talks gained traction again later on Friday when Utah agreed to do a deal without McDaniels included.
Before striking a deal for Gobert, the Wolves made “several calls” to the Nets about Kevin Durant, sources tell Krawczynski. However, Minnesota was unwilling to give up Edwards or Towns for Durant, so those talks didn’t go far.
The Timberwolves were also in the mix for Dejounte Murray and could have outbid the Hawks for him, but the fact that they didn’t shows that they valued Gobert more, observes Krawczynski.
Chris Hine of The Star Tribune takes a closer look at the impact the acquisition of Gobert will have on the Wolves both offensively and defensively, as well as from a salary cap perspective.

Extensions Imminent For Jokic, Booker, Towns, Morant, More

June 30th, 2022 at 3:41pm CST by Rory Maher

Nuggets center Nikola Jokic, Suns guard Devin Booker, Timberwolves big man Karl-Anthony Towns, and Grizzlies guard Ja Morant are all expected to reach verbal agreements with their respective teams on new long-term contract extensions soon after the NBA’s new league year begins tonight, according to Marc Stein (Twitter link).

Pelicans forward Zion Williamson and Cavaliers guard Darius Garland are also “widely expected” to receive extensions this offseason, Stein notes (via Twitter).

Morant, Williamson, and Garland will be eligible for rookie scale extensions, with the exact figures yet to be determined. Rookie scale extensions are available for former first-round picks entering their fourth seasons. The three players’ offers will likely include Rose Rule language that allows them to earn a starting salary of up to 30% of the 2023/24 salary cap (instead of 25%) if they meets certain performance criteria.

Even though Morant, for example, earned an All-NBA spot this year, he would have to make an All-NBA team again next season to qualify for the higher max — the Rose Rule criteria require a player to make All-NBA in either the season before his new contract goes into effect or in two of the three prior seasons.

Williamson’s extension could take a little longer to figure out, given that he’s appeared in just 85 career games and missed all of last season after setbacks following foot surgery last summer. Still, Pelicans executive VP of basketball operations David Griffin said he was “confident” that an agreement would be reached, the only question is how much money will be guaranteed up front.

Jokic, Booker, and Towns will all be eligible for super-max extensions, also known as Designated Veteran Extensions, worth up to 35% of the salary cap. At least one of the following must be a true for a player to be eligible for a Designated Veteran Extension:

He was named to an All-NBA team in the most recent season, or in two of the last three seasons.
He was named NBA MVP in any of the three most recent seasons.
He was named NBA Defensive Player of the Year in the most recent season, or in two of the last three seasons.

Booker and Towns both made All-NBA teams this past season, and Jokic was named the back-to-back MVP in addition to making All-NBA teams the past four seasons.

Trail Blazers guard Damian Lillard is also likely to receive a two-year extension worth in excess of $100MM once the new league year begins, as relayed by Sean Highkin of The Rose Garden Report and Stein (Twitter links).

Western Notes: McGee, Towns, Wiseman, Williamson, Trent Jr.

June 30th, 2022 at 3:02pm CST by Dana Gauruder

JaVale McGee could wind up with another Western Conference contender next season. The Mavericks are very interested in the veteran free agent center and could offer him the two-year deal he’s seeking, John Gambadoro of Arizona Sports 98.7 FM tweets. McGee, 34, averaged 9.2 PPG and 6.7 RPG for the Suns last season while appearing in 74 regular season contests.

We have more from the Western Conference:

The biggest priority for the Timberwolves this summer is to lock up Karl-Anthony Towns with an extension, Jon Krawczynski of The Athletic reports. Towns is eligible for an extension of up to four years and roughly $211MM. “I can’t wait to sit down with him and his representation ASAP and keep this thing going,” new president of basketball operations Tim Connelly said. “He’s special and deserves everything that is going to come his way.”
James Wiseman would actually benefit if the Warriors are able to re-sign free agent Kevon Looney, Dalton Johnson of NBC Sports Bay Area writes. Their skill sets would mesh as the team’s center duo and it would ease the pressure on Wiseman, allowing him to focus on his development.
The Pelicans’ extension talks with Zion Williamson could take some time to sort out, as Christian Clark of the New Orleans Times Picayune explains. The two sides need to figure out is how much of the extension will be fully guaranteed. Clark’s sources believe there is a possibility that negotiations could drag on longer than anticipated due of this issue. Williamson sat out last season due to a foot injury.
The Jazz have expressed interest in Raptors guard Gary Trent Jr., according to Ian Begley of SNY TV. Trent’s cap hit for next season is $17.5MM and he has an $18.5+MM option for 2023/24. He averaged 18.3 PPG in 35 MPG last season.

Trade Rumors: Suns, Jazz, Capela, Wolves, Russell, Fournier, Anunoby

June 23rd, 2022 at 5:31pm CST by Rory Maher

The Suns don’t currently own a pick in the 2022 NBA draft, but there have been recent rumors that the team is interested in trading for a second-rounder. John Gambadoro of Arizona Sports 98.7 FM Phoenix goes a step further, stating (via Twitter) that “while a second-round pick is more likely, I cannot rule out (the Suns) trading into the first round.”

Gambadoro reports that Phoenix has its eyes on eight-to-10 prospects that the team would consider making a deal for. He points to the Spurs, Hornets and Hawks as teams who could be trade partners, though he doesn’t clarify which of those teams’ picks might be in play.

Here are more trade rumors from around the NBA:

Like Phoenix, Utah doesn’t currently control a pick, but the Jazz are dangling core players to try and acquire some, multiple sources tell Tony Jones of The Athletic. Jones reports that the Jazz are very active on the trade market, with the odds increasing that the team’s roster could look significantly different by the end of today. The Jazz have a “lengthy list” of potential undrafted prospects they hope to entice with Exhibit 10 contracts once the draft concludes, sources tell The Athletic.
The Timberwolves remain interested in potentially pairing Karl-Anthony Towns with Clint Capela in the team’s frontcourt, but sources tell Jon Krawczynski of The Athletic that the Wolves and Hawks haven’t made any real headway on that front.
Sources suggest to Dane Moore of Bring Me The News (Twitter link) that there’s a greater than 50% chance that D’Angelo Russell will be traded by the Timberwolves in the coming days. Russell is viewed as a trade candidate due to his poor playoff showing despite having a solid season with Minnesota. The guard is extension-eligible this summer and his $31.38MM contract expires after next season.
The Knicks offered to trade Evan Fournier to the Celtics to create cap space in order to sign Jalen Brunson, but Boston has no interest in the deal, according to Gambadoro (Twitter links). The Celtics have a large trade exception that was ironically created by signing-and-trading Fournier to New York, so the Knicks theoretically wouldn’t have needed a player in return, but he’d still count against Boston’s cap, which would push the team deep into the luxury tax.
Jake Fischer of Bleacher Report says (via Twitter) that he has “consistently heard” the Raptors are only interested in trading OG Anunoby if they can get an “elite center” in return. Toronto is still linked to Rudy Gobert and inquired about Jarrett Allen in February, sources tell Bleacher Report.

Wolves Notes: Connelly, KAT, Draft, Russell, A. Williams

June 22nd, 2022 at 2:30pm CST by Rory Maher

If it were up to president of basketball operations Tim Connelly, Karl-Anthony Towns would remain with the Timberwolves for his entire career. Towns is eligible for a super-max extension this summer after being selected to the All-NBA Third Team.

“I hope he’s here forever. I hope we have the type of team success that would allow us to look up and see Karl’s jersey being hung up in the rafters,” Connelly said in a Q&A session with Chris Hine of The Star Tribune. “I reached out to a bunch of these guys, but I don’t want to force relationships. You have to develop those things naturally. So, I’ve heard so many great things about him. I know how great a player he is on the court, but off the court it’s been so consistent, just an unbelievably sweet guy that treats everyone in a really classy manner.

“I think he’s been through so much, so many different faces and different chairs, from the front office to the coaching staff. So I think with continuity with Finchy (head coach Chris Finch), you’re going to see a better version of Karl and he’s already a great player.”

Connelly conceded that the team’s potential first-round pick (19th overall) likely won’t have a significant role on the team next year, but he believes the Wolves can find a good long-term fit with the selection.

“We’ll beat up all the different possibilities pretty good. We’re also very content and pretty excited about if we’re going to get a good player at 19,” he said. “It’s going to be hard for any player we draft to have a huge role with the team that just had the success they had. We’re not drafting for June 24, we’re drafting for, hopefully, to add a person that can be a part of sustained success and a person who can grow into a role. I think things are on the table, but we do feel pretty convinced that 19 is going to yield a good player.”

It’s an interesting interview from Hine for any Wolves fans looking for insight into Connelly’s approach.

Here’s more on the Wolves:

Amid rumors that Minnesota is exploring the trade market for veteran centers, including Clint Capela, Michael Rand of The Star Tribune wonders if one of the team’s biggest offseason moves might be a position change for Towns. Rand notes that sliding Towns down to the power forward spot would improve the Wolves’ rebounding woes, and he’d likely feast on smaller players in the post, but there are some possible drawbacks. Towns is quicker than most centers, so he might lose the ability to pump-fake and drive past slower-footed defenders, and it would take him time to adjust defensively. Ultimately, Rand believes utilizing a bigger lineup could work in certain matchups.
Jon Krawczynski and Sam Vecenie of The Athletic discuss Minnesota’s draft possibilities for the 19th and 40th picks (the Wolves also control the 48th and 50th picks). Vecenie doesn’t love the team’s options for the first-rounder and believes trading out in order to acquire additional first-round selections makes sense, but if the Wolves keep the pick, he thinks Blake Wesley or E.J. Liddell could be decent options. Wesley, a guard from Notre Dame, is ranked 22nd on ESPN’s big board, while Liddell, a forward from Ohio State, is ranked 21st. Vecenie says there are a number of “interesting, high-upside” prospects who could be available with the 40th pick, including Peyton Watson, Josh Minott and Kendall Brown, among others.
The Wolves haven’t come close to trading D’Angelo Russell “or any other player,” sources tell Krawczynski in another story for The Athletic. However, Krawczynski says trade talks are expected to heat up “the closer it gets to the draft,” which is tomorrow, and the fate of Russell and other possible trade candidates should become clearer once it concludes.
Alondes Williams worked out for the Wolves on Tuesday, reports Darren Wolfson of 5 Eyewitness News (via Twitter). The 6’5″ guard averaged 18.5 PPG, 6.4 RPG, 5.2 APG and 1.2 SPG on .507/.282/.691 shooting as a junior for Wake Forest. He’s ranked 59th on ESPN’s board, so he could be a possibility for one of the team’s second-round picks.