MINNEAPOLIS — Homegrown point guard Tyus Jones is done with the Timberwolves after inking a free agent deal with Memphis for a reported $28 million over three years. 

Timberwolves President of Basketball Operations Gersson Rosas confirmed Jones' departure in a short statement.

“We sincerely thank Tyus for his contributions on the court and Tyus and the entire Jones family for their genuine impact on the Twin Cities community. We wish them nothing but the best in Memphis,” he wrote.

ESPN's Adrian Wojnarowski was one of the first to report that the Apple Valley native would be signing with the Grizzlies, saying the Wolves did not match the Memphis offer sheet as the club needed salary cap space in 2020 to pursue big name free agents. 

Tyus Jones averaged 6.9 points and 4.8 assists per game last season in nearly 23 minutes a night for the Timberwolves, despite receiving inconsistent playing time from then-coach Tom Thibodeau. Jones is not regarded as a great shooter (31.7 percent shooting from three last season, and a well below average 49.1 true shooting percentage) but is a proven winner at all levels and showed the ability to run an NBA offense and defend.