The Minnesota Timberwolves' season didn't end quite the way they hoped, as they were dealt a first-round playoff exit at the hands of the Memphis Grizzlies. Fortunately for the Wolves, the start to their NBA offseason is a promising one, with a huge move announced on Monday afternoon. Denver Nuggets front office executive Tim Connelly is signing a five-year, $40 million deal to become the President of Basketball Operations in Minnesota, as reported by Shams Charania of The Athletic.
Minnesota has an agreement with Denver Nuggets President Tim Connelly to become the Timberwolves’ new President of Basketball Operations on a five-year, $40 million deal with a kicker for ownership equity, sources tell me and @JonKrawczynski.
— Shams Charania (@ShamsCharania) May 23, 2022
Not only is Connelly set to earn one of the highest salaries of any executive in the NBA, but he will also have “a kicker for ownership equity”, per Charania. It's a big move by the Timberwolves, who despite their early exit, managed to make the playoffs for the first time in four seasons.
It's not particularly surprising that Minnesota sealed the deal with the Nuggets' former President, as Connelly had met with Timberwolves' minority owners Marc Lore and Alex Rodriguez, as well as with majority owner Glen Taylor.
Connelly brings an impressive resume to the Timberwolves, as he helped lead the Nuggets to the postseason in each of the last four campaigns, bringing in talents such as two-time MVP Nikola Jokic, guard Jamal Murray, and forward Michael Porter Jr.
With a promising young duo in Karl-Anthony Towns and Anthony Edwards, Connelly will already have more to work with in Minnesota than he did at the beginning of his tenure with the Nuggets.
Things seem to be trending upward for the Timberwolves this NBA offseason.
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