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Timberwolves deal Kyle Anderson to Golden State Warriors on sign-and-trade swap

As NBA free agency opened Sunday, the Timberwolves weren't optimistic that they would retain Kyle Anderson, who was an important part of their bench the past two seasons.

On Tuesday, Anderson agreed to a three-year deal worth $27 million with the Warriors, who will acquire him via sign-and-trade with the Wolves. The Wolves will get a future second-round pick swap and cash in the deal.

Anderson's salary would have added a significant amount of money to the Wolves' already large luxury tax bill, which stood around $84 million after the draft night trade to acquire Rob Dillingham with the eighth overall pick.