Symbolically, it hands Towns the keys to the franchise as the Timberwolves prepare to deal Butler.
Minnesota's first practice of training camp comes Tuesday, and Taylor reportedly wants a deal done by then. Coupled with him having played heavy minutes for the past several years - mostly under Thibodeau - and approaching 30, there's an argument to be made against giving Butler a five-year max in the neighborhood of $200 million.
Its worth noting that teams are interested in moving for Butler without a guarantee that he signs an extension.
And, there is more than a passing question among many teams exactly how sound Butler's knee will be going forward.
Thibodeau's initial reaction to the trade request was that he wanted to win now, and trading Butler would nearly assuredly bring back a package that would diminish the Timberwolves' chances in the short term, league sources said. ESPN's Adrian Wojnarowski says that at the NBA Board of Governers meeting Taylor told prospective spirits for Butler to contact him directly if they can not get past general manager Scott Layden.
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TSN's Josh Lewenberg notes that if the Toronto Raptors wanted to make a play for Butler, it would be hard because they would have to send out at least $15.8 million in salary and can not trade a first-rounder until 2021's selection.
Thibodeau and general manager Scott Layden initially rebuffed calls from teams as they had no intentions of parting with the veteran but Taylor has stepped in and made it clear that they must do business. But they also won't lack for incoming offers, so it's just a matter of getting a suitable return that doesn't invite talk they got fleeced.
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Per the tweet, it seems the Wolves are looking to move Butler as soon as a viable deal is sent their way.
Butler turned 29 on September 14 and is his heading into his eighth National Basketball Association season.
Jimmy Butler and Karl-Anthony Towns, seen here celebrating a Timberwolves win late last season, aren't likely to be teammates much longer. Taylor, who was involved with trades surrounding Kevin Garnett and Kevin Love, plans to avoid that.
The appeal of trading for Butler lies with the 2019 free agent class. Brooklyn has room for two max contracts. Butler's and Wiggins' tension played out on social media in recent days.