With their remodeled Target Center and modern Mayo Clinic Square practice complex each named after famed Minnesota companies, the Timberwolves announced an agreement Tuesday to wear San Francisco-based Fitbit's corporate logo on their uniform jerseys for the next three seasons starting this fall.
After discussions with both local and Chinese companies, the Wolves chose the California maker of wearable technology that tracks a consumer's activity such as steps walked and stairs climbed, heart rate, sleep quality as well other fitness and wellness data.
Timberwolves and Minnesota Lynx CEO Ethan Casson calls it an "ideal" partnership for a franchise taking "a fresh look at technology and innovation" during a summer of change and rebranding.
The Wolves introduced a re-imagined logo in April and next month will unveil newly designed uniforms that will feature Fitbit's diamond-shaped logo. By October, Target Center's $140 million renovation will be complete just about the time the Wolves debut those new jerseys and patches when they play two preseasons game against NBA champion Golden State in China.
The Wolves become the eighth NBA team to sell advertising on their uniforms, a new revenue stream approved by the league in April 2016 starting this season that could produce $150 million or more annually shared by teams and players.
Boston, Brooklyn, Cleveland, Sacramento, Orlando, Utah and Philadelphia also have reached their own such deals.
The Wolves did not disclose their agreement's worth. Reportedly, the Cavaliers' contract with Goodyear is worth $10 million a season, the Nets will get $8 million a season from software company Infor and the Celtics $7 million a season from General Electric. The deals for both the 76ers and Sacramento are worth $5 million a year each.
"Teams are looking for right fit, right brand, right time," Casson said. "They have to make that determination of what that looks for them."