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Wolves Re-Sign Derrick Rose

Rose will be back in Minnesota on a one-year, minimum deal.

NBA: Los Angeles Clippers at Minnesota Timberwolves Brace Hemmelgarn-USA TODAY Sports

Soon after the “official” start of NBA Free Agency kicked off at 12:00am ET, the Wolves moved quickly to re-sign one of their top FA targets:

While this move was disappointing to some, it was also far from unexpected. Since Tom Thibodeau arrived in Minnesota back in the summer of 2016, he has made no secrets about acquiring former players who he trusts and had success with in the past. Whether or not the Wolves signed Rose was never really the question, but just how much they would offer him was the real interesting subplot.

Well, according to The Athletic’s Jon Krawczynski, the Wolves got their man for the veteran minimum, meaning their use of the MLE is still strongly in play:

The signing of Derrick Rose brings out strong emotions from each side, and that’s totally understandable. Some people don’t like him on the court, most people dislike him off the court, and some people just dislike him from all angles.

For me personally, considering this deal was always going to happen, I’m at least relieved that Thibs and Layden didn’t outbid themselves for a player who didn’t have a strong market anyway. Rose can still play (ideally alongside Tyus in the second unit), and a minimum deal is a good deal for both teams, considering money won’t really be an issue for Rose this upcoming season:

Keep Buckets?

Aside from Rose, the other somewhat “breaking” news during the first night of free agency involved Mr. Jimmy Butler:

While any tweet last night involving the “Timberwolves” or “Jimmy Butler” got my heart racing, this specific tweet doesn’t mean much. However, as Jon K points out, this offer doesn’t mean a deal is done:

In other words, offering this deal to Jimmy right now is basically the Wolves performing due diligence, even though they (and most of us) know that Jimmy will likely wait a year so he can optimize his salary earnings.

It’s been a surprisingly slow start to the 2018 free agency, with most players re-signing with their current team (the only real shocker came with Trevor Ariza agreeing to a one-year/$15 million deal with the Phoenix Suns). While the world waits on LeBron James, it appears most free agents are trying to get their money as fast as possible rather than wait on the King’s decision.

For the Wolves, this may provide the opportunity to strike on a certain player they want rather than wait it out for the market to settle. As mentioned above, the signing of Rose to the vet minimum keeps the window open to use the MLE, which could be even more valuable as players pounce on any available money that’s out there.

We’re less than 24 hours into July, but expect some massive fireworks to come very soon...