Update: Wolves reach contract agreement with Kurt Rambis

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Here at the Lakers Nation, we wish Kurt all the best! Get ‘em!

Twin Cities: The Timberwolves’ coaching search is over. The news conference will have to wait a couple more days.

Wolves owner Glen Taylor confirmed late Saturday night that the team has come to a verbal agreement with Los Angeles Lakers assistant Kurt Rambis to be its next coach.

ESPN: The Minnesota Timberwolves and Kurt Rambis have reached terms on a deal that will install Rambis as the Wolves’ new head coach, according to NBA coaching sources.

Sources told ESPN.com that the Wolves are planning a Tuesday news conference to introduce Rambis as the replacement to Kevin McHale.

Long considered a potential heir apparent to Los Angeles Lakers coach Phil Jackson, Rambis has been lured away from Jackson’s staff by a four-year deal believed to be worth in excess of $8 million.

After turning down the Sacramento Kings’ job during the NBA Finals, Rambis was chosen by new Minnesota president David Kahn from a group of finalists that also featured ESPN analyst Mark Jackson and Houston Rockets assistant coach Elston Turner.

Kahn interviewed more than a dozen candidates in a deliberate search that began after the NBA Draft in late June.

The Los Angeles Times first reported Wednesday that Rambis traveled to the Twin Cities to meet with a Wolves contingent that included owner Glen Taylor, which appeared to signal that the 51-year-old was the choice to fill the league’s only remaining coaching vacancy.

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