Timberwolves owner Glen Taylor expects his team to be in the playoffs next season.

"We have the players to do it," Taylor said. "We were close this season."

Minnesota was just a game out of the eighth playoff spot at the All-Star break.

Taylor said his team is "going to try" the free-agent market.

LeBron James, Kevin Durant, Chris Paul, Kobe Bryant and Dwight Howard have been named to the All-NBA First Team.

Tony Parker, Kevin Love, Blake Griffin, Russell Westbrook and Andrew Bynum comprise the All-NBA Second Team.

Rajon Rondo, Dwyane Wade, Carmelo Anthony, Tyson Chandler and Dirk Nowitzki received All-NBA Third Team honors.

There are 10 teams with representatives on the three teams, with the Wolves (Love) being the only non-playoff team. The Hawks, 76ers, Pacers, Bulls, Grizzlies, Nuggets and Jazz each made the playoffs without a representative. Chicago was tied for the best record in the NBA and did not have an All-NBA representative.

James received 118 out of a possible 120 first team votes, while Durant received 117 first team votes.

Wade finished four points behind Westbrook for the second guard position on the second team.

Kyrie Irving, Ricky Rubio, Kenneth Faried, Klay Thompson, Iman Shumpert, Kawhi Leonard and Brandon Knight have been voted to the 2011-12 NBA All-Rookie First Team.

On the All-Rookie Second Team is Chandler Parsons, Isaiah Thomas, MarShon Brooks, Derrick Williams and Tristan Thompson.

The following players also received votes:

Markieff Morris, Phoenix, 7 (1); Kemba Walker, Charlotte 7; Alec Burks, Utah 2; Norris Cole, Miami 2; Bismack Biyombo, Charlotte 2; Enes Kanter, Utah 1; Greg Stiemsma, Boston 1; Gustavo Ayon, New Orleans 1; Nikola Vucevic, Philadelphia 1.

Kyrie Irving has won the 2011-12 NBA Rookie of the Year award, taking 117 out of a possible 120 votes.

Irving averaged 18.5 points on .469 shooting, 3.7 rebounds, 5.4 assists and 1.1 steals in 30.5 minutes per game.

Ricky Rubio finished second, followed by Kenneth Faried, Kawhi Leonard, Iman Shumpert, Klay Thompson, Isaiah Thomas, Brandon Knight and Chandler Parsons.

Faried, LEonard and Shumpert each received one first place vote apiece.

MarShon Brooks, Kemba Walker and Josh Selby also received votes.

Ricky Rubio has reached an agreement with adidas on an endorsement deal.

Rubio had previously endorsed Nike.

Rubio will join Derrick Rose and Dwight Howard as the primary endorsers of adidas within the basketball world.

Ryan Anderson of the Orlando Magic is the winner of the 2011-12 Kia NBA Most Improved Player Award.

Anderson received 260 of a possible 605 points, including 33 first-place votes, from a panel of 121 sportswriters and broadcasters throughout the United States and Canada. Ersan Ilyasova of the Milwaukee Bucks (159 points, 21 first-place votes) and Nikola Pekovic of the Minnesota Timberwolves (104 points, 10 first-place votes) finished second and third, respectively. 

Greg Monroe, Andrew Bynum and Jeremy Lin finished fourth, fifth and sixth respectively.