T-Wolves Release Hoiberg
Minnesota Timberwolves
The Timberwolves today announced that guard
Fred Hoiberg has been released as the designated player for the amnesty provision under the NBA's new Collective Bargaining Agreement.
"Obviously, this was a tough decision," said Timberwolves Vice President of Basketball Operations
Kevin McHale. "With the uncertainly of the timing of Fred's recovery, we think this was in the best interest of both parties. Fred now has the opportunity to focus completely on his return to the court without any added pressure, and we as a franchise have improved flexibility under the salary cap to add someone who can immediately help us this season. Fred is a class act and a true professional both on and off the court."
In his second season with the Timberwolves in 2004-05, Hoiberg posted averages of 5.8 points (.489 FG%), 2.4 rebounds, 1.1 assists and 16.7 minutes per game in 76 contests. Hoiberg led the NBA and set a new club record in three-point field goal percentage with 48.3% (70-for-145) from beyond the arc. In 10 NBA seasons with the Wolves, Chicago and Indiana, Hoiberg has tallied 5.4 ppg (.431 FG%, .854 FT%, .396 3FG%), 2.7 rpg, 1.6 apg and 18.4 mpg in 541 games (61 started). Originally signed as a free agent by Minnesota on July 28, 2003, Hoiberg re-signed with the Wolves on July 23, 2004. He underwent successful heart surgery in the first days of November to correct an enlarged aortic root.
The amnesty provision allows a team to release a player and remove his contract amount from the team's salary cap for purposes of calculating the luxury tax. The Timberwolves will be responsible for the remaining year of Hoiberg's contract, and he is eligible to sign with another team.
Hawks Mix Roster
Atlanta Hawks
Forward-center
Peja Drobnjak, who began his professional career in Europe before joining the NBA, signed a one-year contract with Spanish powerhouse
Tau Ceramica on Wednesday.
"We are still allowing us salary flexibility this summer. We thank Peja for his contributions to the organization both on and off the court, and wish him the very best," Hawks GM
Billy Knight said.
Drobnjak, 29, averaged 8.4 points and 3.4 rebounds last season with the
Atlanta Hawks before becoming a free agent. In four seasons with Seattle, the
Los Angeles Clippers and Atlanta, the native of Serbia Montenegro has averaged 7.9 points and 3.5 rebounds in 278 games.
The 6-11 Drobnjak is expected to play for his homeland in 2005 Eurobasket in September, where countries will be trying to qualify for the 2006 World Championships. He helped the erstwhile Yugoslavia win the 2002 World Championships and played for Serbia Montenegro in the 2004 Olympics.
With Tau, Drobnjak will be part of a frontcourt rotation that includes NBA draft pick
Luis Scola, future NBA draft pick
Tiago Splitter and former NBA player
Kornel David, who recently agreed a new deal to stay in Vitoria.
Drobnjak is the second new arrival at Tau, which lost in the final of both the Spanish ACB and the Euroleague last season. The team also signed Croatian international point guard
Roko Leni Ukic of KK Split.
Ukic was a second-round pick of Toronto in the June draft but is expected to remain in Europe at least one more season.
Just 10 minutes after Drobnjak took a plane to Spain, Knight quickly made a pair of calls and saw
John Edwards in the free agent pool.
Edwards signed a one-year deal with Atlanta and is expected to backup
Kevin Willis, who said he will retire after the season.
He didn't play a single game yet, but played in 25 games last season, averaging 1.2 points and 0.8 rebounds.
Last edited by
kibaxx7 on Thu Sep 01, 2005 3:37 am, edited 1 time in total.