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

The Timberwolves lowered their luxury-tax bill below the first apron to re-sign veteran Mike Conley on a minimum deal, enabling roster flexibility for other moves.

  • The Timberwolves signed Conley on Wednesday to a veteran minimum deal, two weeks after trading him away, to complete a cost-cutting plan.
  • To reduce luxury-tax obligations, Minnesota executed the deal as a salary dump to lower payroll beneath the first apron, enabling roster flexibility.
  • Being routed twice before waivers allowed Conley to re-sign with Minnesota, after being traded in a three-team deal to Chicago and then waived by Charlotte.
  • Facing roster rules, the Wolves had to add a 14th player by Tuesday and now face uncertainty in Conley’s role after acquiring Ayo Dosunmu and seeing his minutes dwindle.
  • The maneuver underscores a broader tension between veteran retention and tax management as Minnesota Timberwolves re-sign decorated 19-year veteran Conley, a four-time NBA Sportsmanship Award winner.
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33 Articles

CBS NewsCBS News
+13 Reposted by 13 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
+9 Reposted by 9 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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