Ayo Dosunmu

The Minnesota Timberwolves are re-signing guard Bones Hyland to a 1-year veteran minimum contract, with Hyland having joined the team at the end of the 2024-2025 season and re-signed last offseason. Hyland, a 2021 first-round pick by Denver, averaged 8.5 points, 2.6 assists, and 1.8 rebounds in 71 games. The Wolves are also re-signing Ayo Dosunmu.

The Minnesota Timberwolves have declined their $2.41 million team option on forward Julian Phillips, making him an unrestricted free agent. Phillips, acquired in a February trade with Chicago for Ayo Dosunmu, played sparingly and was selected 35th overall in the 2023 NBA Draft. The decision creates a roster spot for the Wolves, who aim to re-sign free agents Mike Conley Jr., Kyle Anderson, and Bones Hyland.

The Portland Trail Blazers hired Micah Nori as their new head coach, taking him from the Minnesota Timberwolves where he served as an assistant under Chris Finch. Nori, who has been with the Timberwolves since 2021, previously worked with multiple NBA teams and will now lead the Trail Blazers, a division rival. The Timberwolves are also making roster changes, including trading Julius Randle and re-signing Ayo Dosunmu.

The Chicago Bulls acquired center Nic Claxton via a three-way trade involving the Brooklyn Nets and Minnesota Timberwolves. The deal allows the Bulls to address their middle vacancy while the Nets gained Julius Randle and a draft pick, and the Timberwolves secured cap space to pursue Ayo Dosunmu. The transaction, pending July 6 finalization, may influence the Bulls' draft strategy at pick No. 15.