The Minnesota Timberwolves have announced the team has agreed to terms with Tom Thibodeau as President of Basketball Operations and Head Coach, and Scott Layden as General Manager. Per team policy, terms of the agreements were not released.
“We are extremely excited to welcome Tom Thibodeau back to the Timberwolves,” said Timberwolves owner Glen Taylor. “Through this process we quickly identified Tom as the best leader to shape our talented team and help them realize their full potential. Tom’s resume speaks for itself. He is a proven winner, leader and one of the most well-respected NBA head coaches over the last decade. His teams have annually been among the league leaders in defense and we are excited about the approach and mentality he will bring to that side of the ball. The future of the Minnesota Timberwolves has never been brighter and we are very pleased to have Tom as our basketball operations leader moving forward.
“Scott Layden brings over 30 years of experience in the NBA to his new role within our organization, including several years in basketball operations leadership positions with Utah, New York and most recently San Antonio. His decades of front office experience will be integral as we head into an extremely exciting time for our organization. In getting to know Scott, he has impressed me with his not only his basketball acumen, but also his character and integrity. Tom and Scott will work in concert together in shaping our roster moving forward. We are confident this partnership gives us the best chance possible of winning an NBA title.”
A veteran of over 25 seasons as an NBA head coach and assistant coach, Thibodeau’s teams have advanced to the postseason in 19 seasons, including three trips to the NBA Finals (1999, 2008, 2010).
According to Marc Stein of ESPN, Thibodeau will earn approximately $8 million per season and Layden will earn approximately $2 million.
Thibodeau released the following statement about joining the franchise:
"I started my NBA career with the Minnesota Timberwolves and it is an incredible opportunity to rejoin the organization at a time when they have what I believe to be the best young roster in the NBA. Together with a great owner in Glen Taylor and a terrific basketball partner in Scott Layden, I look forward to building a winning culture that Minnesota sports fans can be proud of."