Jaylen Nowell is one of the better free agents still on the market. The Dallas Mavericks were rumored to have interest in signing Nowell, but those rumors seem unfounded, according to Marc Stein.

I know there were some recent reports that Jaylen Nowell from Minnesota is a potential target. I was actually told the Mavericks are not really in that race at this point," Stein said. "So, to this point, I would scratch Nowell as a target for the Mavericks, at least that was that’s what I was told yesterday."

Nowell averaged a career-high 10.8 points per game on 45% shooting for the Timberwolves last season.

The New York Knicks have not expressed any interest in trading for Karl-Anthony Towns, a source tells Fred Katz of The Athletic.

Towns has been linked with the Knicks due to the CAA representation and also their abundance of future draft picks. The Minnesota Timberwolves, however, have set a "sky-high price" on Towns.

With the money owed to Rudy Gobert and Naz Reid at the center position, many have speculated that the Wolves could eventually trade Towns.

The future of Karl-Anthony Towns with the Minnesota Timberwolves is unclear as he begins Year 1 of his four-year, $224 million supermax extension. With the Wolves trading control of their draft to the Utah Jazz for Rudy Gobert, a trade of Towns is seen by many as the most feasible way for the franchise to balance out their roster around Anthony Edwards. Further complicating the Minnesota roster was their three-year, $42 million extension for Naz Reid.

The Wolves reportedly had some level of trade talks involving Towns in June.

"There were talks between the Timberwolves and other teams before the draft and Towns' name came up," said Ian Begley on Zach Lowe's podcast. "I don't know how aggressive the Timberwolves were with Towns, if at all."

Towns is represented by Jessica Holtz of CAA.

The Minnesota Timberwolves signed Leonard Miller to a four-year, $8.3 million deal on Monday.

Miller was the No. 33 pick of the 2023 NBA Draft.

The first two years of the deal are guaranteed, with the third year half guaranteed, and a team option for the fourth year. 

Anthony Edwards and the Minnesota Timberwolves agreed to a five-year, $260 million extension on Day 2 of free agency and the deal does not contain a player option for Year 5.

Edwards will not be eligible for free agency until 2029 and that scenario would only apply if he doesn't sign another extension.

Edwards will have to qualify for an All-NBA team this coming season to receive the full amount.

The Minnesota Timberwolves re-signed Luka Garza to a two-way deal.

Garza appeared in 28 games last year for the Wolves, averaging 6.5 points and 2.3 rebounds. 

Anthony Edwards and the Minnesota Timberwolves have agreed to a five-year, $260 million maximum Designated Rookie extension.

Edwards will receive the full amount if he makes an All-NBA team in 2024.

The two sides spent the weekend negotiating the finer points of the deal.

Edwards is represented by Bill Duffy and WME Sports.