The Kings have waived guard Antoine Wright, according to Marc J. Spears of Yahoo! Sports.

Wright played in seven games for Sacramento this season, averaging less than five minutes an appearance.

The Timberwolves have exercised contract options for the 2011-12 season on forwards Michael Beasley and Kevin Love, guards Jonny Flynn and Wayne Ellington and center Kosta Koufos.

Minnesota declined to pick up forward Corey Brewer's fifth-year option for the 2011-12 season, meaning he'll become a restricted free agent next summer.