president of basketball operations reportedly has an opt-out clause in his contract this offseason, but it doesn’t sound like he’ll be leaving Minnesota.

“It feels like home. … I think you guys are stuck with me,” Connelly told media members today, per Jon Krawczynski of The Athletic (Twitter link).

The news doesn’t come as a surprise. Multiple reporters — including Brian Windhorst, Marc Stein and Jake Fischer, Michael Scotto, and Krawczynski — have indicated that signing Connelly to a new contract was a priority and the team was optimistic an agreement would be reached. Connelly is said to have a good working relationship with new majority owners and , who are expected to be approved by the league’s Board of Governors later this month.

Connelly was rumored to be a top target of the Hawks in their search for a new head of basketball operations and was also linked to the Nuggets’ vacancy. Connelly ran Denver’s front office from 2013-22, putting its championship core together, though he technically missed out on that title by leaving a year early.

The 49-year-old has pulled off some blockbuster trades since he was hired by the Timberwolves in 2022, acquiring from Utah later that year and sending to New York last October in exchange for , Donte DiVincenzo, Keita Bates-Diop (who was later waived) and a first-round pick.

The Wolves have made the playoffs each of the past three seasons with Connelly as the head of basketball operations, including — most recently — back-to-back trips to the Western Conference Finals for the first time in franchise history.

Here are a few more highlights from Connelly’s press conference: