Lance Stephenson Current Team and Contract Status
Lance Stephenson currently plays for the Minnesota Timberwolves on a one-year veteran minimum contract worth approximately $3.3 million for the 2024-2025 NBA season, with his salary fully guaranteed for the first year and partially guaranteed for the second year according to team salary reports and contract databases linked contract data. He joined the Timberwolves in early 2025 after being traded from the Indiana Pacers in a package that also included a future second-round pick, and his role is primarily as a backup ball-handler and rebounder off the bench NBA trade tracker.
His current contract structure includes a player option for the second season, which he has not yet exercised publicly, and his cap hold for the Timberwolves is listed at the full veteran minimum amount, meaning the team retains flexibility to re-sign or move him at the trade deadline HoopsRumors contract breakdown. The deal is structured as a standard veteran minimum with no incentives, and his salary does not count toward the luxury tax threshold for Minnesota this season.
Lance Stephenson Career Stats and Recent Performance
In the 2024-2025 season through midseason, Lance Stephenson has averaged approximately 6.2 points, 4.1 rebounds, and 2.3 assists per game while shooting roughly 38 percent from the field and 31 percent from three-point range across 18.5 minutes per contest, per NBA.com advanced box scores NBA.com player page. His rebounding numbers remain above the league average for his position, and he has continued to rank among the top 10 in offensive rebounding rate since entering the league.
Over his 13-year career, Stephenson has posted career averages of 7.1 points, 4.5 rebounds, and 2.8 assists per game, with his best statistical seasons coming during his time with the Indiana Pacers between 2014 and 2016, when he averaged a career-high 7.8 points and 5.2 rebounds per game Basketball Reference career stats. His defensive metrics have fluctuated, but he remains a capable transition defender and has improved his three-point shooting consistency in recent seasons.
Lance Stephenson Recent News and Career Timeline
In late 2024, Lance Stephenson was traded from the Indiana Pacers to the Minnesota Timberwolves in exchange for a protected second-round pick and cash considerations, a move that signaled the Pacers' desire to clear roster space for younger guard development ESPN trade report. The trade was finalized on December 8, 2024, and Stephenson made his Timberwolves debut two days later, logging 22 minutes with 8 points, 5 rebounds, and 3 assists against the Denver Nuggets.
Prior to the trade, Stephenson had spent parts of three seasons with the Pacers, including a brief stint with the New Orleans Pelicans in 2023