Here’s the story, which was posted on ESPN.com tonight:

“The Minnesota Timberwolves and Kurt Rambis have reached terms on a deal that will install Rambis as the Wolves’ new head coach, according to NBA coaching sources. Rambis was a Lakers assistant coach for 10 seasons and coached the Lakers during the lockout-shortened 1998-99 season.

“Sources told ESPN.com that the Wolves are planning a Tuesday news conference to introduce Rambis as the replacement to Kevin McHale, whom Rambis famously tangled with in the 1984 NBA Finals. Long considered a potential heir apparent to Lakers coach Phil Jackson, Rambis has been lured away from Jackson’s staff by a four-year deal believed to be worth in excess of $8 million.

“After turning down the Sacramento Kings’ job during the NBA Finals, Rambis was chosen by new Minnesota president David Kahn from a group of finalists that also featured ESPN analyst Mark Jackson and Houston Rockets assistant coach Elston Turner. Kahn interviewed more than a dozen candidates in a deliberate search that began after the NBA Draft in late June.”