$$$: Wolves deal Sessions, Hollins and 2nd round pick to Cavs

The Timberwolves' payroll continues to shrink.

They have traded point guard Ramon Sessions and forward/center Ryan Hollins -- two players David Kahn signed last summer to multi-year deals -- as well as a 2013 second-round pick to Cleveland for two players who likely will never wear a Wolves jersey.

They receive in return guard Delone West and former Wolves guard Sebastian Telfair.

Not long after the Wolves traded away one of their three point guards, Marc Spears from YahooSports! reported that Jonny Flynn will need hip surgery that will keep him out three to four months.

A Wolves spokesman said he couldn't confirm or deny the report and likely wouldn't be able to do so until morning. Sure would be nice to get a quick yes or no text message answer back from David Kahn.

Expect West to be waived by an Aug. 5 deadline so they can pay him only $500,000 of a mostly non-guaranteed $4.6 million salary.

Telfair probably will be either bought out of the final year ($2.7 million) of a three-year deal Kevin McHale originally signed him to three years ago or traded away before training camp, if the Wolves can find a team willing to take him.

Expect them to sign a veteran point guard to a one-year minimum contract as their next move.

Available players who fit that profile: Earl Watson, Anthony Johnson, Rafer Alston, Earl Boykins and maybe Chris Quinn or Jamaal Tinsley.

Sessions remaining three years at about $12 million comes off the book as well as Hollins' two years and $4.8 million owed.

Last week's signing of veteran point guard Luke Ridnour to a nearly identlcal four-year, $16 million contract that Sessions signed last summer made Sessions expendable.

By my calculations, the Wolves' payroll will be at about $35 million -- well below the $43 million plus minimum for next season -- once you figure in contracts that Darko and Nikola Pekovic have or will sign.