Mike Conley Plans To Rejoin Timberwolves

Conley was traded twice this week. Minnesota originally sent him to Chicago in a salary-dump deal on Tuesday, then the Bulls flipped him to Charlotte along with Coby White. The Hornets subsequently cut him.

NBA rules prohibit a player who is traded and then waived to immediately re-sign with the team that traded him away. However, that restriction doesn’t apply to the Timberwolves because Conley was traded twice. Once he clears waivers and becomes a free agent, he’d be ineligible to re-sign with the Bulls, the last team that traded him away, but nothing would be standing in the way of a reunion with Minnesota.

Conley, who is in his 19th NBA season, became the Wolves’ starting point guard when they acquired him at the 2023 trade deadline and maintained that role through last season. However, he ceded his starting role to Donte DiVincenzo this fall and has averaged a career-low 18.5 minutes per night in 44 outings (nine starts) so far this season. His 4.4 points and 2.9 assists per game are also career lows, as is his 32.2% field goal percentage.

Despite Conley’s declining production, there were rumblings ahead of the trade deadline that the team wasn’t eager to move the 38-year-old due to his locker room leadership. With that in mind, getting the opportunity to move off of the guard’s $10.8MM expiring contract and then bring him back on a prorated minimum-salary deal represents the best of both worlds for the Wolves.

Minnesota has two open spots on its 15-man roster following its deadline moves, so no corresponding move will be necessary to create room for Conley.

According to Charania, the two sides are working on the timing of the deal. Conley will clear waivers on Saturday afternoon, but the Wolves may not re-sign him immediately since doing so would increase their projected luxury tax penalty and move them closer to the first tax apron.