Tyus Jones signs with Memphis Grizzlies

The Timberwolves reportedly prioritized cap room over re-signing their backup point guard

The Timberwolves reportedly prioritized cap room over re-signing their backup point guard

The Timberwolves announced Tuesday night that they will not match the three-year, $28 million offer sheet Jones received from the Memphis Grizzlies.

In a draft day trade, Jones was sent to his hometown Minnesota Timberwolves in exchange for two seconds round picks in that draft.

The 23-year-old will slide into Memphis' rebuilding rotation after establishing himself as a productive, intelligent point guard on the young Timberwolves.

The Wolves had up to 72 hours to match the offer, but President of Basketball Operations Gersson Rosas chose to move on from Jones.

Jones grew up in Apple Valley, Minn., and won a state title with Apple Valley High School in 2013. The son of the man who drafted him emerging as head coach and the possibility of a long relationship as point guard for the Timberwolves.

"We sincerely thank Tyus for his contributions on the court and Tyus and the entire Jones family for their genuine impact on the Twin Cities community". Rosas adds, "We wish them nothing but the best in Memphis".

Jones joined the Wolves in the same draft class as Karl-Anthony Towns. The 23-year-old also set an all-time National Basketball Association single-season record with a 6.96 assist-to-turnover ratio in 2018-19.

Just last month, the Grizzlies selected point guard Ja Morant with the No. 2 overall pick, so it's likely that Jones will start the season as the back-up point guard in Memphis. He and Derrick Rose split much of the duties at point.

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