Timberwolves' No. 1 draft pick Derrick Williams says he will look into playing overseas if the NBA lockout isn't resolved "within the next week or so." NBA Commissioner David Stern announced Monday night that the first two weeks of the season have been cancelled.

Among a list of rumors on ESPN.com's NBA Draft coverage, the Timberwolves are allegedly shopping Derrick Williams in an attempt to move up from the No. 18 pick. Williams was the No. 2 pick in last year's draft. The Wolves top draft need is thought to be a talented shooting guard to play next to Ricky Rubio.

The Timberwolves host the Cleveland Cavaliers Friday night at Target Center and the game features the first two picks in last June's NBA Draft -- Kyrie Irving of the Cavs and Derrick Williams of the Wolves. While Williams is coming off the bench, Irving is starting and leading all rookies in scoring.

The ink is dry on the contract between the Timberwolves and Derrick Williams, who was picked second overall in the NBA draft out of Arizona. Williams practiced for three days with his new team before the paperwork on the rookie deal went through this morning.

Thanks to Utah, the Minnesota Timberwolves own pick No. 18 in this summer's NBA Draft. The Wolves could have picked as high as No. 16, but the Jazz lost tiebreakers with Mavericks and Knicks. The Wolves wouldn't have a first round pick if the Jazz didn't make the playoffs.

The reigning WNBA champions had a shot at the No. 1 overall pick in next year's draft- but they will have to settle for third. The WNBA lottery was conducted in New York Thursday and despite winning the league title, the Lynx had the second-best shot at the draft's top spot. . Los Angeles walked away with the first pick in next April's draft.

Timberwolves' rookie Derrick Williams says he's ready for training camp to begin Friday. The No. 2 pick in the draft says he nearly signed a contract to play professional basketball in Spain or Italy. Fortunately, the NBA lockout ended just in time.