The Minnesota Timberwolves have reached an agreement with Denver Nuggets Tim Connelly to become the new President of Basketball Operations for the franchise. The contract will be a five-year deal worth $40 million, making him one of the highest-paid executives in the league. According to Shams Charania from The Athletic, it also includes a kicker for ownership equity.
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
Conelly started his career in the NBA back in 1996 with the Washington Wizards as an intern and he later joined the front office of the New Orleans Hornets in 2010.
The Denver Nuggets hired him three years later to be their Executive Vicepresident of Basketball Operations and General Manager when Masaij Ujiri was hired by the Toronto Raptors. In very little time he was promoted to President of Basketball Ops and Arturas Karnisovas was promoted to general manager.
The Timberwolves are entering a new stage in their history with the Town, Edwards, and Russell trio and a new ownership group coming soon.