Is this him breaking news of the Wolves hiring Adelman?

I would have to say yes.

Let's wait for official confirmation before declaring ourselves some sort of miraculous off-season winner, but right now my irrational exuberance is in overdrive.

If this is true, and Adelman is our new coach, what does that mean for the lockout, and our prognosis for an upcoming Timberwolves season?

I say it means the lockout comes to an end in the next 10 days, and that the Wolves are looking at a possible 35-40 win season.