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Tim Connelly named new president of basketball operations for the Timberwolves

Tim Connelly officially joined the Timberwolves as president of basketball operations on Tuesday, saying "There's a real sense here this team can do something special, and I hope to be a small part of it."

Connelly was hired away from Denver, where he had the same job. He praised the Wolves organization and coach Chris Finch as he participated in a press conference with team owners Glen Taylor, Marc Lore and Alex Rodriguez.

The 45-year-old was with the Nuggets for nine seasons, and made the jump to Minnesota for a contract that is for five years and $40 million, along with an equity stake in the team.