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These are basketball rumors from four days ago. For the most recent stories click here.

After reading today's Basketball Rumors talk on the InsideHoops basketball forum where hardcore fans hang 24/7 talking hoops.

NBA Rumors for Wednesday, May 20

InsideHoops NBA rumors updated 1:00 a.m. ET. More stories and other news also appears on the InsideHoops basketball blog.

nba rumors The Minnesota Timberwolves, which had a 25 percent chance of winning the lottery as the NBA's worst record, were awarded the top pick and the right to choose between the consensus top two prizes of the draft class - 19-year-old big men Karl-Anthony Towns of Kentucky and Jahlil Okafor of Duke. NY Daily News

The Knicks now figure to have a choice among the next group of available prospects, which includes guards D'Angelo Russell (Ohio State) and Emmanuel Mudiay (China), swingman Justise Winslow (Duke) and forwards Willie Cauley-Stein (Kentucky) and Frank Kaminsky (Wisconsin). Jackson, the Knicks' $60 million team president, previously had indicated that the Knicks would be more inclined to trade their pick had they fallen in the lottery; they could have dropped no lower than the fifth selection. NY Daily News

The Knicks will have about $26 million - after signing their draft pick - to spend this summer on free agents to build around Anthony, who underwent season-ending knee surgery in February. NY Daily News

nba rumors The Sixers had hoped to win the draft lottery for the second time in franchise history. For good luck, CEO Scott O'Neil had two folded two-dollar bills and a four-leaf clover coin in his wallet at the hotel. Rookie power forward Nerlens Noel, who was the team's on-stage representative, had a blue-and-white Sixers jersey stitched inside his blazer. Philadelphia Inquirer

Former Kentucky standout Karl-Anthony Towns and former Duke star Jahlil Okafor are expected to be among the first two picks. Former Ohio State star D'Angelo Russell and former Chinese Basketball Association point guard Emmanuel Mudiay - the other headliners of the this season's draft - should be available for the Sixers. Philadelphia Inquirer

nba rumors New Orleans president Mickey Loomis and general manager Dell Demps met with Gentry on Monday night in San Francisco, according to Yahoo Sports. ESPN reported that the Warriors granted permission for Gentry to interview for head-coaching vacancies between playoff series. San Francisco Chronicle

He also has been mentioned as a front-runner for Chicago’s top coaching post, should Tom Thibodeau be fired, and among the candidates for open gigs in Denver and Orlando. Gentry declined comment on the subject. San Francisco Chronicle

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