Minnesota Timberwolves sign Tim Connelly, executive of the Minnesota Timberwolves, to a 5-year contract worth more than $40M. This includes ownership equity

Denver Nuggets President Tim Connelly agreed to a 5-year deal with The Minnesota Timberwolves It is worth more than $40million and includes ownership equity. Connelly is one of the highest-paid executives in the league, according to sources who spoke with Adrian Wojnarowski.

Connelly is the second consecutive top basketball executive who has left the Nuggets in exchange for a much more lucrative deal elsewhere. In 2013, Connelly took over Masai Ujiri's role as Denver's top basketball executive. He then moved to Toronto.

Denver tried to keep Connelly, according to sources. However, Connelly's ownership equity in Minnesota is life-changing cash — something that only a few executives have in their deals.

Connelly has a strong relationship with two-time MVP and is known for being one of the NBA's top talent evaluators. Two-time MVP Connelly is his close friend. Nikola JokicConnelly selected the 41st pick in the 2014 NBA draft for Jokic. Jokic can be eligible for a contract renewal this summer.

Connelly spent nine-years building the Nuggets into a Western Conference contender. Unfortunately, injuries ended the Nuggets' chances of making it to the Western finals in 2020.

He turned down the opportunity to be the Washington WizardsThree years ago, Connelly became the Nuggets' top basketball executive. Connelly was born in Baltimore, and spent his first few years as a front-office executive with Washington.

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