Update: This is still very much in rumor phase, but folks are saying here and here (and maybe more importantly, Kevin Love is tweeting) that Adelman has agreed to a deal. More later.
This from Jerry Zgoda at the Star-Tribune:
The Timberwolves have started negotiations to sign Rick Adelman as their next coach, league sources with knowledge of the search said Sunday.David Kahn, Timberwolves president of basketball operations, might know as soon as Monday whether he can land the man who has a .605 winning percentage in 20 seasons as a NBA head coach. Adelman, 65, is believed to be seeking a five-year contract worth at least $25 million.
That’s a lot of cheddar to give somebody if you don’t even know whether there’ll be a season. But considering the Wolves’ low payroll and the probability that every team’s basketball-related expenditures will be lower in the coming years, I say it’s a good investment. On the other hand, I have less than $100 in my checking account at the moment so I guess it’s easy for me to say.

