Former league MVP Derrick Rose, the Timberwolves’ top target when the NBA’s free-agency period began at 11 p.m. Saturday, reached agreement with them on a one-year contract in the hour before the clock struck midnight, according to a league source.

Rose will be paid about $2.4 million next season.

The agreement keeps him with Wolves coach/President of Basketball Operations Tom Thibodeau, who coached him for five seasons, including his MVP season in 2011, in Chicago. Thibodeau signed him as a free agent in March and on Thursday indicated he would be a high priority in free agency.

Earlier in the day, the Wolves cleared nearly $5 million off their salary cap by waiving veteran center Cole Aldrich, as expected.

They will pay him $2 million of $6.95 million due for this coming season after he signed a mostly guaranteed three-year, $21 million contract in July 2016.

A Bloomington Jefferson High School star who played on Kansas’ 2008 NCAA title team, Aldrich played in 62 games his first season with the Wolves and but just 21 last season.

Jerry Zgoda


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Staff and News services