Mike Conley Returning to Timberwolves: Trade Details & Timeline

Conley Set to Return to Timberwolves After Trade Circuit

Mike Conley is poised to rejoin the Minnesota Timberwolves, completing a somewhat circuitous journey that saw him traded twice this week before becoming eligible to return to the team, sources confirmed.

The veteran point guard was initially dealt to the Chicago Bulls on Tuesday as part of a three-team trade involving the Detroit Pistons. However, his stay in Chicago was brief, as the Bulls quickly flipped Conley to the Charlotte Hornets in a separate transaction. The Hornets then waived Conley, opening the door for his return to Minnesota.

This unusual path back to the Timberwolves was made possible by a loophole in the NBA’s collective bargaining agreement. Because Conley was traded a second time before being waived, he is now free to re-sign with Minnesota, a situation that wouldn’t have been possible had Chicago been the team to release him.

According to ESPN’s Shams Charania, the Timberwolves and Conley are “working on timing” regarding his re-signing. The team isn’t in a rush, as the pro-rated nature of minimum contracts – based on the remaining days in the season – and the desire to maintain flexibility under the first apron of the luxury tax allow for a measured approach. It’s even possible the two sides could wait until after the All-Star break to finalize the deal.

Conley, who flew back to Minnesota from Toronto following the trade to Chicago, remains in the area and is ready to rejoin the team when the time is right. The opportunity for this type of reunion is rare, highlighting the complexities and sometimes unexpected outcomes of NBA trade deadline maneuvering.

The Timberwolves initially traded Conley to create salary cap space and dip under the first apron, allowing them to acquire Ayo Dosunmu from the Bulls. Dumping Conley’s $10.4 million salary was a key component of that plan. Re-signing him now will be at the minimum salary, a significant cost savings for the team.

Despite averaging career lows of 4.4 points, and 2.9 assists in 44 games this season, Conley remains a valuable veteran presence for the Timberwolves. He has started nine games and provides a steadying influence on the court. While his statistical output has declined, his experience and basketball IQ are still highly regarded.

The NBA trade deadline often leads to unusual player movements as teams prioritize various goals, including improving their rosters, collecting assets for future trades, or managing their luxury tax obligations. Conley’s journey exemplifies this phenomenon, showcasing how a player’s contract can become a valuable commodity in the league’s complex financial landscape.

For Conley and the Timberwolves, the outcome is a positive one. After a brief detour, the veteran guard is set to return to a team he’s familiar with and a role where he can contribute, even if it’s on a reduced salary. All is well that ends well, or at least, stays well.