Report: Timberwolves re-sign Budinger

The Minnesota Timberwolves have brought back forward Chase Budinger on a three-year contract, according to multiple reports that included the Minneapolis Star-Tribune.

Yahoo!Sports reported Tuesday that the deal has a total value of $16 million, with Budinger holding a player option in the final year of the pact.

Acquired in a trade with Houston just prior to the 2012 NBA Draft, Budinger appeared in just 33 games in his first season with Minnesota due to a knee injury that required surgery. The Arizona product averaged 9.4 points and 3.1 rebounds while mostly serving in a sixth-man role.

A second-round (44th overall) selection of the Rockets in the 2009 draft, Budinger has averaged 9.4 points and 3.4 rebounds while shooting 35.8 percent from 3-point range over four NBA seasons. The 25-year-old earned $942,000 in 2012-13, the final year of his rookie contract.

Budinger's retention lessens the chances of the Timberwolves re-signing veteran small forward Andrei Kirilenko, who opted out of the last year of his contract last week. Minnesota also selected UCLA small forward Shabazz Muhammad with one of its two first-round picks in last Thursday's draft.