Reports: Timberwolves to re-sign Derrick Rose, prepare new Jimmy Butler contract

Free agency opened at 11 p.m. Saturday.
Publish date:

The Timberwolves are moving quickly after the opening of the free agency period on Saturday night, moving to bring back Derrick Rose and reportedly working on a package to tie down Jimmy Butler.

The only official move confirmed by the Wolves on Saturday was the decision to waive center Cole Aldrich after two years with the team.

But ESPN's Adrian Wojznarowski reports that the Wolves have reached an agreement with former MVP Derrick Rose that will keep him in Minnesota for another year.

The Athletic's Jon Krawczynski reports the contract is worth just under $2.4 million.

Rose was reunited with former Chicago Bulls coach Tom Thibodeau and Jimmy Butler in March when the free agent signed with the Wolves.

Speaking of Butler, Minnesota is said to be working on a new contract for the team's star player that will keep him with the Wolves for another 4 years.

The New York Times' Marc Stein reports that the Wolves have informed Butler they will offer him an extended contract in the $110 million range.

Such an offer however would be below what the Wolves are paying Andrew Wiggins, who last year signed a 5-year deal worth $150 million.

While new contracts can be agreed now, they can't officially be completed until Friday per NBA rules.

Next Up

Screen Shot 2020-11-25 at 7.34.43 AM

Watch: Drunk squirrel in Minnesota captures the world's attention

The squirrel was immediately cut off after nearly tipping over.

Screen Shot 2020-11-25 at 7.15.09 PM

Small town gym refusing to close facing lawsuit from attorney general

The gym is facing a lawsuit and a temporary restraining order to halt their operations.

credit card, payment

Money Gal Coaching: Bouncing back after living your best life

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.


When do stores open on Black Friday this year?

Many major retailers will be open Black Friday, some for extended hours.

police tape, crime scene

Man found dead outside home near Cass Lake

The man was reportedly shot outside the property.


Gov. Walz announces $1M in grants to boost Minnesota tourism

The money will be used for marketing efforts to attract people to Minnesota's hard-hit tourist spots.

coronavirus, ICU

Nov. 25 COVID-19 update: 72 deaths ties Minnesota's single-day high

A COVID-19 update will not be provided on Thanksgiving Day.


Revival to open its fourth Twin Cities location

The fried chicken and smoked meat maestros are moving to St. Louis Park.

Duluth and Case Recreation Center

St. Paul to open two extra temporary shelters for homeless people

Mayor Melvin Carter announced the new shelters will be opened in the event of excess demand.

vote, election

Minnesota once again had the highest election turnout in the country

Amid the COVID-19 pandemic, a record percentage of voters also sent in absentee ballots.


Report: Butler 'fed up' with KAT, unlikely to re-sign with Wolves

This is turning into a terrible offseason for the Wolves.

Reports: Wolves trade Jimmy Butler to the 76ers

They're getting 3 players and a 2nd round pick.

Report: Jimmy Butler requests trade from the Timberwolves

He's given the Wolves a list of 3 teams he'd like to go to.

Report: Butler reiterates to Thibs that he wants out

Thibodeau reportedly tried (again) talking Butler into staying.

Report: Wolves, Heat were close to deal for Butler

But trade talks crumbled, according to ESPN.