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The Timberwolves already had issued a statement late Tuesday night wishing Jones luck in Memphis, an indication they didn't plan to match the Grizzlies' offer sheet to him.
Grizzlies announce addition of ex-Timberwolves guard Jones →
Timberwolves president of basketball operations Gersson Rosas issued a statement late Tuesday saying, "We sincerely thank Tyus for his contributions on the court and Tyus and the entire Jones family for their genuine impact on the Twin Cities community."
