The Minnesota Timberwolves likely announced their last bit of news for the foreseeable future on Wednesday. Not because there isn't anything else for the team to do this summer, though, but rather due to the looming NBA lockout that is expected to become official on Friday.â†µ
The Timberwolves announced that they have picked up their third-year contract options on Wesley Johnson and Lazar Hayward as well as extending Wayne Ellington for a fourth season. None of the moves are particularly surprising considering they're all for the 2012-13 season, but it does cause the team to lose a bit of its flexibility by retaining the contracts of Hayward and Ellington -- two players that don't seem to have long-term potential in Minneapolis.â†µ
Anyway, with the extensions not tacked on, Johnson will make $4.3 million that season, Ellington will make $2.1 million and Hayward will make $1.2 million according to ShamSports' salary database.â†µ
Darko Milicic, Luke Ridnour and Nikola Pekovic are the only three other players with guaranteed contracts through the 2012-13 season.