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Timberwolves agree to terms with Williams

Free-agent guard Mo Williams will sign a one-year $3.75 million contract with the Minnesota Timberwolves, according to a source with direct knowledge.

“I couldn’t be more happy to put on a Twolves jersey,” Mo Williams tweeted Monday night. “Looking forward to playing with some good young talent and help the maturation process take place.”

With the signing, the Wolves will have 15 players under contract for next season. Backup point guard J.J. Barea, who will earn $4.5 million in the last year of his contract, could be on his way out.

Williams, 31, averaged 9.7 points — a career low outside of his rookie year — as well as 4.3 assists and 2.0 turnovers last season. He shot 42 percent from the field, 37 percent from three-point range and 88 percent from the free-throw line.

Williams declined a player option from the Portland Trail Blazers for $2.7 million next season.