Report: Wolves hire Nuggets president Tim Connelly on 5-year deal

The Minnesota Timberwolves finalized a five-year deal with Denver Nuggets president of basketball operations Tim Connelly to have him lead their front office, ESPN reported Monday.

The contract is worth more than $40 million and includes ownership equity, per the report. It would make him among the NBA's highest-paid executives.

Connelly became general manager of the Nuggets ahead of the 2013-14 season and has worked in