Timberwolves Re-Sign Veteran Guard Mike Conley

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The Minnesota Timberwolves have finalized a deal to re-sign veteran point guard Mike Conley, two weeks after trading him away in a cost-cutting move. Conley was first sent to the Chicago Bulls in a three-team deal, then packaged with Coby White and traded to the Charlotte Hornets, before being waived. His multiple trades made Conley eligible to rejoin the Timberwolves, who were able to sign him to a minimum contract after lowering their luxury tax bill.

Why it matters

Conley has long been a respected veteran presence on the Timberwolves roster, known for his leadership, savvy, and experience. His return provides the team with additional depth and veteran guidance as they push for a playoff spot in the Western Conference.

The details

The Timberwolves initially traded Conley away in a cost-cutting move, but his multiple trades made him eligible to rejoin the team. The Timberwolves were then able to sign Conley to a minimum contract after lowering their luxury tax bill, giving them the salary cap flexibility to acquire guard Ayo Dosunmu in a separate deal.

• Conley was first traded to the Chicago Bulls on February 4, 2026.
• Conley was then traded to the Charlotte Hornets on February 5, 2026.
• Conley was waived by the Hornets on February 6, 2026.
• The Timberwolves re-signed Conley on February 18, 2026.

What’s next

The Timberwolves (34-22) are in sixth place in the Western Conference and will host the Dallas Mavericks on Friday in their first game after the All-Star break.