The Minnesota Timberwolves today announced the team has acquired guard Marko Jaric from the Los Angeles Clippers in a sign-and-trade deal along with guard Lionel Chalmers for guard Sam Cassell and a conditional first-round pick (lottery protected) in the 2006 NBA Draft. Per team policy, terms of Jaric's contract were not disclosed.

"We're extremely excited to have acquired Marko," said Timberwolves Vice President of Basketball Operations Kevin McHale. "He is a very versatile player who has the ability to play the one, two or three spots on the floor. With Marko, we've added another player who can break down the defense and is a pass first point guard. Lionel is a player that we think has some upside and will compete for a roster spot in training camp."