Per Shams Charania of The Athletic, the Timberwolves were not willing to meet the price points that the Warriors have set.
Golden State is moving on from D’Angelo Russell conversations with Minnesota at this juncture, sources tell @TheAthleticNBA @Stadium. Warriors have been clear with Minnesota on price point — and Timberwolves, to this point, are not willing to meet it.
— Shams Charania (@ShamsCharania) February 5, 2020
Moreover, according to Adrian Wojnarowski of ESPN, the two parties spoke about possible “deal concepts.” The Warriors' intention was to shed salary, lower their tax bill and get some draft picks.
Previous reports reveal that Warriors did offer Russell in exchange for some picks. However, with the Timberwolves currently in rebuild mode, the organization was reluctant to give away its assets. They have an unprotected 2020 first-round pick.
Golden State, Minnesota traded deal concepts today and tonight — but a significant gulf remains. Warriors are investigating deals that shed salary and lower tax bill — as well as bring back some draft value. Holding onto D'Angelo Russell thru deadline has always been an option. https://t.co/77s2keXl9a
— Adrian Wojnarowski (@wojespn) February 5, 2020
The root of the deal was the friendship between Karl-Anthony Towns and Russell, who have known each other since they were kids. The Timberwolves were looking to add a scoring guard who could complement the big man's skills, and Russell seemed to be that perfect guard.
It also helped that the popular consensus was that Russell was going to be traded sooner or later. After all, analysts believe that the 23-year-old will have a hard time finding a place in Steve Kerr's system once Stephen Curry and Klay Thompson return.
It initially looked like a deal was about to be sealed. However, from the looks of it, D'Angelo Russell will remain a Warrior and the Timberwolves will need to enter trade talks with other teams.
While D'Lo talks have ended, the Timberwolves, Rockets and the Hawks are reportedly still working on a possible three-team deal.
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