Former Timberwolves backup point guard Tyus Jones has agreed to a three year, $28 million dollar offer sheet with the Memphis Grizzlies, who have been more active than usual this offseason.
Initially it was reported the offer sheet was for three years at $24 million, however Jones’ agent, Kevin Bradbury of BDA Sports Management told the Pioneer Press that the number was closer to $28 million when factoring in “likely incentives.”
Jones , a restricted free agent, has spent the first four years of his career with the Minnesota Timberwolves. He provided the Wolves with solid play, averaging 6.9 points, 4.8 assists 2.0 rebounds in 22.9 minutes per game, all of which were career highs.
The Timberwolves have 48 hours to decide if the will match the offer and retain Tyus Jones, but the Grizzlies’ aggressive offer, coupled with the Timberwolves’ current cap situation (matching would take them to less than $1 million away from luxury tax territory ) makes it quite likely that Minnesota will not match the offer.
The Grizzlies will use most of the $9.3 million mid level exception to sign Jones.