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Windhorst Says Tim Connelly Has Phantom Equity Bonus Waiting With Wolves

Anthony Edwards playing for the Minnesota Timberwolves
Summary

Brian Windhorst said Timberwolves president Tim Connelly is in the final year of his deal and has a phantom equity bonus tied to completing the contract.

Tim Connelly's contract situation in Minnesota has a money wrinkle attached to it.

Brian Windhorst said on The Hoop Collective that Connelly, the Timberwolves' president of basketball operations, is in the final year of his contract. Windhorst added that Connelly could likely sign an extension if he wanted to, but has not done so.

The key detail is the phantom equity piece. Windhorst said Connelly was given something that functioned like a stake in the team when he joined Minnesota, without actually receiving shares.

"He got the equivalent of shares of the team that if he completed his contract, he would get a giant bonus," Windhorst said. "That bonus is in the five figures and it is not 10 million. It is a very sizable bonus."

That wording created confusion, because a five-figure bonus would normally be small by front-office standards. The broader point is clear: Connelly has a contract-linked payout if he finishes the deal, and his future remains a live Wolves question.

Minnesota is trying to keep its Anthony Edwards timeline steady after another aggressive roster cycle. Connelly's status matters because the next moves shape how long the Wolves can stay near the top of the West.

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