Breaking News: The Utah Jazz have reached a deal with the Minnesota Timberwolves to acquire Ricky Rubio.— Spencer Checketts (@1280Spence) June 30, 2017
The Jazz will send Oklahoma City's 1st round pick to Minnesota in exchange for Rubio.— Spencer Checketts (@1280Spence) June 30, 2017
That's backed up by Marc Stein of ESPN,
Oklahoma City 2018 first-round draft pick that Minnesota will receive from Utah in exchange for Ricky Rubio is top-14 protected ...— Marc Stein (@ESPNSteinLine) June 30, 2017
The Timberwolves have tried to trade Rubio for over a year, even after trading away Kris Dunn. With Rubio and his salary gone, the Timberwolves will target point guards in free agency. Kyle Lowry, last with the Toronto Raptors, is a prime target. Jeff Teague is another option for Minnesota.
The Jazz made the move with the assumption George Hill will leave in free agency. He was likely too expensive for the Jazz to keep. The Jazz had $16 million in extra cap space that was set to expire on July 1st, meaning they needed to get a deal done tonight.
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