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Wolves finalize cost-cutting move with Mike Conley by signing back veteran after trading him away

The Timberwolves cut luxury-tax costs by trading Conley, then re-signed him on a minimum deal to maintain salary flexibility and add guard Ayo Dosunmu.

  • On Wednesday, the Minnesota Timberwolves finalized a cost-cutting signing of Mike Conley, 19-year NBA veteran, on a rest-of-season veteran minimum deal, two weeks after trading him away.
  • To reduce luxury-tax obligations, Minnesota Timberwolves executed a salary dump to lower payroll beneath the first apron, which created cap flexibility for roster moves.
  • Being routed twice before waivers allowed, Conley was first sent in a three-team deal before the All-Star break, then waived, making him eligible to re-sign with Minnesota.
  • Facing roster rules, the Wolves had to add a 14th player by Tuesday and Conley's role is uncertain after acquiring Ayo Dosunmu, despite his valued leadership.
  • A 19-year veteran, Conley, a four-time NBA Sportsmanship Award winner, underscores the tension between veteran retention and luxury-tax management for Minnesota Timberwolves .
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31 Articles

CBS NewsCBS News
+12 Reposted by 12 other sources
Center

Wolves finalize cost-cutting move with Mike Conley by signing back veteran after trading him away

The Minnesota Timberwolves finalized their cost-cutting move with Mike Conley by signing the veteran guard two weeks after trading him away.

·United States
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Pioneer PressPioneer Press
+8 Reposted by 8 other sources
Center

Mike Conley re-signs with Timberwolves, will practice Wednesday

Minnesota guard Mike Conley has re-signed with the MN Timberwolves for the remainder of the season after he was traded two weeks ago.

·Saint Paul, United States
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hoopsrumors.com broke the news in on Tuesday, February 17, 2026.
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