This browser does not support the Video element.
"This is a great day for our franchise and our fans. We're excited about the opportunity to have the top pick in the draft for the first time in franchise history," said Flip Saunders, Timberwolves President of Basketball Operations. "The No. 1 pick is a fantastic asset to have as we look to add more talent to our team."
The club entered the lottery with a 25 percent chance of winning the top pick and 64.28 percent chance of landing a top-three selection. The Wolves have never selected higher than second.
Now, the question remains, will they select Karl-Anthony Towns, touted as the clear cut best player in this year's draft, or a sizable 6'5 guard in D'Angelo Russell, or perhaps former Duke star Jahlil Okafor? Or someone else?
Owner Glen Taylor will represent the team in the lottery selection, which will be held at 7 p.m. CT at the New York Hilton Midtown.
The Los Angeles Lakers will select second, the Philadelphia 76ers will select third.
Timberwolves lottery pick history
2014, Pick 13: Zach LaVine
2013, Pick 9: Trey Burke
2011, Pick 2: Derrick Williams
2010, Pick 4: Wes Johnson
2009, Pick 5: Ricky Rubio
2009, Pick 6: Jonny Flynn
2008, Pick 3: O.J. Mayo
2007, Pick 7: Corey Brewer
2006, Pick 6: Brandon Roy
2005, Pick 14: Rashad McCants
1999, Pick 6: Wally Szczerbiak
1996, Pick 5: Ray Allen
1995, Pick 5: Kevin Garnett
1994, Pick 4: Donyell Marshall
1993, Pick 5: Isaiah Rider
1992, Pick 3: Christian Laettner
1991, Pick 7: Luc Longley
1990, Pick 6: Felton Spencer