Remember that Wally trade? I often forget, but we actually do have a future 1st rounder coming to us from the TWolves. Of course, there is a complicated set of protections and restrictions associated with it. Here is an article from a year ago explaining everything (hat tip to Gant on the RealGM forum).
For those die-hard draft fans who want all the details, here's how the protection on this pick works: If the Timberwolves send a pick to the Clippers in 2007, we receive the Timberwolves' pick in 2009 if it falls outside of the top 14, in 2010 if it falls outside of the top 5, in 2011 if it falls outside of the top 3, or in 2012 unconditionally. If the Timberwolves send a pick to the Clippers in 2008, we receive the Timberwolves' pick in 2010 if it falls outside of the top 14, in 2011 if it falls outside of the top 5, or in 2012 unconditionally. If the Timberwolves send a pick to the Clippers in 2009, we receive the Timberwolves' pick in 2011 if it falls outside the top 14, or in 2012 unconditionally. Finally, if the Timberwolves send a pick to the Clippers in 2010, we receive the Timberwolves' pick in 2012 unconditionally.
Got all that?
This is all triggered by the Wolves finishing out of the bottom 10 this year. Can you guess where they are now? 10th place. ClipperBlog is watching closely.
By the way, if you just can't get enough of this, here is a link to several Inside the Numbers stories.
Also, here is an article from a Minnesota paper accusing the Celtics of being the TWolves (tankers) of last year.