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What hiring Tim Connelly means for the Timberwolves (2:11)

The Wolves hired Tim Connelly away from the Nuggets. There are two words in this sentence.

4:06 PM ET

According to sources, Matt Lloyd will become the senior vice president of basketball operations for the Minnesota Wolves.

The first significant hire by the Timberwolves' president of basketball operations was Lloyd, who spent a decade with the Magic.

Lloyd is believed to be the first front-office executive that Connelly targeted to help him bring stability and success to the team.

Lloyd, who built a strong resume in player evaluation and deal-making with teams and agents, will be a big part of the basketball operations. Lloyd worked his way from public relations to basketball operations after 13 years in the NBA with the Chicago Bulls.

Lloyd is the newest member of a front office that already includes an executive VP of basketball operations and an assistant GM.