Bennett's contract was bought out by the Timberwolves on Tuesday, Shams Charania of Yahoo! Sports reports.

EDGE Analysis

Reports surfaced Monday night suggesting the two sides were working toward a buyout, and that has now been finalized, meaning Bennett will become a free agent. The former No. 1 overall pick has now flamed out in both Cleveland and Minnesota, but considering his age (22) and relative upside, he figures to resurface with another franchise willing to take what is ultimately a fairly low-risk chance on him. The 76ers and Trail Blazers are two teams whose names have already surfaced as potential suitors.