"We know Chet has a long career ahead of him within our organization and the Oklahoma City community," Thunder executive vice president and general manager Sam Presti said in a statement. "One of the things that most impressed us during the process of selecting Chet was his determination and focus. We expect that same tenacity will carry him through this period of time as we work together and support him during his rehabilitation."
The 7-foot Holmgren averaged 14.1 points and was fourth in the nation last season with 3.7 blocked shots per game.
The Timberwolves will open the NBA season against Oklahoma City on Oct.