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Timberwolves announce Mike Conley contract extension

February 23, 2024 by Hoops Hype

The Minnesota Timberwolves today announced the team has signed guard Mike Conley to a contract extension. Per team policy, the terms of the agreement were not released.  Conley, 36, is in the midst of his 17th season in the NBA, second with the Timberwolves, seeing action in 50 games (all starts), averaging 10.6 points on 44.4% shooting, including a career-best 44.2% from deep, 2.9 rebounds and 6.4 assists in 28.9 minutes per game. Conley has a career-high 6.08 assist-to-turnover ratio, ranking second in the NBA. Since 1977-78 (min. 50 games played), no player 36 years of age or older has had an assist-to-turnover higher than Conley this season.
Source: NBA.com

What’s the buzz on Twitter?

Dane Moore @DaneMooreNBA
The Mike Conley extension just went official. Here’s Conley on why he opted to re-up in Minnesota…
“This organization is headed in the right direction. It’s got good people leading the way, people with great intentions and are trying to build a team that can compete for years… – 10:05 AM
Jon Krawczynski @JonKrawczynski
Mike Conley: “This organization is headed in the right direction. It’s got good people leading the way, people with great intentions trying to build a team that can compete for years to come. Give fans something to be excited about. Orgs like this you don’t want to pass up on.” – 6:17 PM
Jon Krawczynski @JonKrawczynski
Chris Finch on making MN a place where players, like Mike Conley, want to stay:
“Ever since I got here and Marc and Alex and Glen, everybody is really committed to investing in the club in whatever way necessary to make this a place where people want to stay or want to come.” – 6:16 PM
Nate Duncan @NateDuncanNBA
Dunc’d On Prime: Post-Deadline WATFOS; Vaughn Firing; Conley Extension; All-Star Blues with @DannyLeroux
Join us:
duncdon.supportingcast.fm pic.twitter.com/M1jE4QvZSy – 2:52 PM

Nate Duncan @NateDuncanNBA
Dunc’d On Prime: Post-Deadline WATFOS; Vaughn Firing; Conley Extension; All-Star Blues with @DannyLeroux
Join us:
duncdon.supportingcast.fm pic.twitter.com/WtuEho0aSu – 10:51 AM

Nate Duncan @NateDuncanNBA
Dunc’d On Prime: Post-Deadline WATFOS; Vaughn Firing; Conley Extension; All-Star Blues with @DannyLeroux
Join us:
duncdon.supportingcast.fm pic.twitter.com/NwMyfDnHyK – 8:41 AM

Mike Conley @mconley11
🐺🐺🐺 pic.twitter.com/PQ2hWp2gwh – 6:28 PM

Dane Moore @DaneMooreNBA
Today’s show w/ @JaceFrederick: The Impact of Mike Conley’s Contract Extension
– Conley’s $ coming in lower than expected
– How the Conley extension impacts the Wolves luxury tax situation
– Why the Wolves will eventually need cheaper bench guys to step in
– Chris Finch being… – 3:06 PM
StatMuse @statmuse
PPG leader by age this season:
19 — Scoot
20 — Wemby
21 — Paolo
22 — Ant
23 — Maxey
24 — Luka
25 — Shai
26 — Fox
27 — Mitchell
28 — Jokic
29 — Giannis
30 — Davis
31 — Harris
32 — Kawhi
33 — Dame
34 — DeMar
35 — Durant
36 — Conley
37 — Horford
38 — CP3
39 — LeBron pic.twitter.com/MHQ05KanYp – 10:35 AM

More on this storyline

Getting Conley under contract for 2024-25 was crucial because Minnesota’s other point guards — including newly acquired Monte Morris and third-stringer Jordan McLaughlin — are set to become unrestricted free agents next summer. Although dealing for Gobert was the biggest (and riskiest) move that set up the Timberwolves to become contenders, they wouldn’t be in this position without Conley. His unselfish, low-risk style of play (his 6.1 assist-to-turnover ratio ranks second among NBA regulars this season) has fit perfectly with Minnesota’s younger cornerstones of Edwards and Towns. -via ESPN / February 23, 2024
With both Edwards and Towns signing extensions that pay those two All-Stars a percentage of the 2024-25 salary cap, we don’t yet know Minnesota’s exact salary figures. Based on the current projection of a $141 million cap, Towns’ contract will start at $49.35 million (35% of the cap) and Edwards at $35.25 million (25%). Including Conley’s extension, that would give the Timberwolves $184.2 million in guaranteed salary for 2024-25 with just nine players under contract, a figure that’s already approaching the projected second apron of $190 million. There’s still one crucial wild card for Minnesota: whether Edwards makes All-NBA, in which case he’d qualify to increase his starting salary to 30% of the cap ($42.3 million). In that scenario, the Timberwolves would exceed the second apron before even filling out their roster. -via ESPN / February 23, 2024
Darren Wolfson: #Timberwolves PG Mike Conley Jr. recharged his battery in Cabo over the All-Star break and is ready to go starting tomorrow vs. Bucks. Before he heads to the Barn tonight to watch his #Buckeyes, he conveyed how much he loves it here. Extension not quite official, but will be. pic.twitter.com/uyn4HRxrAA -via Twitter @DWolfsonKSTP / February 22, 2024

Filed Under: Timberwolves

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