NBA Rumors: Tim Connelly, T-Wolves Agree to Restructured Contract After Playoff Loss
The Minnesota Timberwolves and team president Tim Connelly have reportedly agreed to a restructured contract that will keep him with the team through the 2024-25 season, according to Shams Charania of The Athletic and Stadium.
Per that report, “Connelly’s opt-out clause has been moved to next year.”
Connelly went from being the general manager of the Denver Nuggets for nine seasons to being hired as Minnesota’s president of basketball operations in May 2022 to a five-year, $40 million deal that also included ownership equity.
He almost immediately made a major splash, trading Patrick Beverley, Malik Beasley, Jarred Vanderbilt, Leandro Bolmaro, the draft rights to center Walker Kessler, four first-round picks and a 2026 first-round pick swap to the Utah Jazz for Rudy Gobert.
