| July 23 | Signed free agent guard Maurice Evans to a two-year contract |
| July 27 | Signed rookie center Loren Woods (2nd round, 46th overall) to a one-year contract |
| July 30 | Signed free agent forward Joe Smith to a six-year contract |
| Aug. 2 | Re-signed guard Felipe López to a one-year contract |
| Aug. 7 | Re-signed forward Sam Mitchell to a one-year contract |
| Oct. 2 | Signed free agent forward Gary Trent to a one-year contract |
| Oct. 4 | Exercised the 2002-03 option on the contract of forward Wally Szczerbiak |
| Oct. 29 | Placed guard William Avery (patellar tendinitis, right knee), guard Maurice Evans (posterior tibialis tendinitis, left knee) and forward Tom Hammonds (bilateral synovitis, ankles) on the Injured List to start the 2001-02 season |
| Oct. 30 | The Wolves opened the 2001-02 season at home vs. Philadelphia with an 83-74 win |
| Oct. 30 | Wally Szczerbiak tallied his 2000th career point versus Philadelphia |
| Nov. 8 | Minnesota recorded a 53-point win over Chicago, the biggest winning margin in franchise history. The Wolves also matched a club record by shooting 64.2% from the field |
| Nov. 10 | Gary Trent played in his 300th career NBA game in Milwaukee |
| Nov. 16 | Terrell Brandon played in his 700th career NBA game in Indiana |
| Nov. 19 | Kevin Garnett was named NBA Western Conference Player of the Week for games played Nov. 12-18, the sixth time in his career |
| Nov. 19 | Announced the retirement of forward Tom Hammonds |
| Nov. 28 | Minnesota completed its best November ever, finishing at 9-4 |
| Dec. 12 | Placed guard Felipe López (bruised left hip) on the Injured List; activated guard William Avery |
| Dec. 12 | Sam Mitchell played in his 700th game in a Wolves uniform, extending his own franchise record |
| Dec. 14 | Kevin Garnett grabbed a career-high and franchise-record 24 rebounds against Sacramento |
| Dec. 14 | Rasho Nesterovic scored the 1000th point of his NBA career against Sacramento |
| Dec. 14 | Minnesota established a single-game franchise record by out-rebounding Sacramento 61-35, a margin of +26 |
| Dec. 15 | Chauncey Billups scored his 2500th career point at Dallas |
| Dec. 18 | Placed guard Terrell Brandon (synovitis, left knee) on the Injured List; activated guard Maurice Evans |
| Dec. 18 | Minnesota let a 22-point lead slip away during a 107-103 loss to Dallas, the largest blown lead in franchise history |
| Dec. 26 | Anthony Peeler moved into first place on the Wolves’ all-time chart for three-pointers made (297) at Denver, passing Isaiah Rider |
| Dec. 28 | The NBA restored Minnesota’s 2005 draft pick, originally forfeited during the Joe Smith salary cap circumvention case last season |
| Dec. 28 | Kevin Garnett passed Sam Mitchell for first place on the franchise’s all-time list for minutes played at Sacramento |
| Dec. 30 | Placed guard Maurice Evans (posterior tibialis tendinitis, left knee) on the Injured List; activated guard Felipe López |
| Dec. 30 | Felipe López played in his 200th career NBA game at Portland |
| Dec. 30 | With a win in Portland, Minnesota records its best December ever, finishing at 10-5 |
| Jan. 2 | Anthony Peeler surpassed the 15,000-career-minute mark against Milwaukee |
| Jan. 4 | Wally Szczerbiak scored a career-high 37 points vs. Utah |
| Jan. 5 | Flip Saunders picked up his 250th NBA victory in Atlanta |
| Jan. 9 | Kevin Garnett scored his 9000th career point against Seattle |
| Jan. 12 | Sam Mitchell scored the 7000th point of his Minnesota career at Washington |
| Jan. 12 | Placed forward Gary Trent (sprained left ankle) on the Injured List; activated guard Maurice Evans |
| Jan. 14 | Kevin Garnett was named NBA Western Conference Player of the Week for games played Jan. 7-13, the seventh such honor in his career |
| Jan. 15 | Anthony Peeler sank his 700th career three-pointer against the Clippers |
| Jan. 18 | Phoenix snapped the Wolves' nine-game winning streak (the second-longest in franchise history) with a 103-100 OT decision |
| Jan. 19 | Placed guard William Avery (patellar tendinitis, right knee) on the Injured List; activated guard Terrell Brandon |
| Jan. 21 | Minnesota set a Target Center attendance record with an SRO crowd of 20,320 on hand against Washington |
| Jan. 25 | Kevin Garnett dished out six assists at Toronto, putting him in first place on the Wolves’ all-time chart ahead of Pooh Richardson |
| Jan. 26 | Rasho Nesterovic played in the 200th game of his NBA career against Atlanta |
| Jan. 30 | Wally Szczerbiak played in his 200th career NBA game against Philadelphia |
| Feb. 1 | Placed guard Maurice Evans (posterior tibialis tendinitis, left knee) on the Injured List; activated forward Gary Trent |
| Feb. 1 | Joe Smith recorded his 500th career blocked shot at Boston |
| Feb. 4 | Minnesota played its 1000th regular-season contest, losing 113-83 at San Antonio |
| Feb. 4 | Kevin Garnett ended his string of consecutive double-figure scoring efforts at 338, being held to eight points at San Antonio. Garnett also dished out his 2000th career assist in the same game |
| Feb. 6 | Chauncey Billups handed out his 1000th career assist against Portland |
| Feb. 10 | Wally Szczerbiak made his first All-Star Game appearance, scoring 12 points with three assists in 12 minutes |
| Feb. 10 | Kevin Garnett made his fifth straight All-Star appearance. He finished with 14 points and 12 rebounds in 24 minutes |
| Feb. 13 | Placed guard Terrell Brandon (cartilage fracture, left femur) on the Injured List; activated guard William Avery |
| Feb. 17 | Kevin Garnett played the 500th game of his NBA career against Miami |
| Feb. 17 | Rasho Nesterovic hauled down his 1000th career rebound against Miami |
| Feb. 17 | Anthony Peeler played in his 600th career NBA game against Miami |
| Feb. 19 | Chauncey Billups tallied 24 points in the third quarter (setting a club record) en route to a career-high 36-point night at Dallas |
| Feb. 19 | Wally Szczerbiak scored his 3000th career point at Dallas |
| Feb. 21 | Acquired center Marc Jackson from the Golden State Warriors in exchange for center Dean Garrett and Minnesota’s second-round pick in the 2007 NBA Draft |
| Feb. 21 | Wally Szczerbiak grabbed his 1000th career rebound at Houston |
| Feb. 27 | Joe Smith surpassed the 15,000-career-minute mark against the Lakers |
| Feb. 27 | With a win over the Lakers, Minnesota finished 8-4 in February, tying the franchise record for victories in the month |
| March 1 | Kevin Garnett was named Western Conference Player of the Month for games played in February, the second such honor of his career |
| March 5 | Flip Saunders coached his 500th NBA game, a 97-83 loss at Seattle |
| March 11 | Kevin Garnett was selected to receive the NBA Community Assist Award for his community outreach during the month of February |
| March 11 | Kevin Garnett hauled down his 5000th career rebound against the Clippers |
| March 11 | Flip Saunders ejected with 7:51 remaining in the 3rd quarter of the 108-99 loss to the Clippers |
| March 18 | Signed free-agent guard Robert Pack to a 10-day contract. Placed guard William Avery (patellar tendinitis, right knee) on the Injured List |
| March 19 | The Timberwolves post the 400th win in franchise history, a 112-80 triumph over Toronto at Target Center |
| March 23 | Sam Mitchell blocked his 300th career shot against Portland |
| March 28 | Signed guard Robert Pack for the remainder of the season |
| March 28 | Chauncey Billups ties the club single-game assist record with a career-high 17 against Dallas |
| March 29 | Marc Jackson scored the 100,000th point in club history in the 4th quarter at New York |
| April 3 | The Timberwolves clinched their sixth consecutive playoff appearance with a win over Memphis |
| April 3 | Chauncey Billups notched the first triple-double of his NBA career, tallying 26 points, 11 rebounds and 10 assists against Memphis |
| April 9 | Wally Szczerbiak surpassed the 8000-career-minute mark at Sacramento |
| April 11 | Joe Smith played in his 500th career NBA game at the Lakers |
| April 13 | Kevin Garnett broke his own franchise single-season rebound mark with his 10-board effort at the Clippers |
| April 17 | The Timberwolves won their 50th game of the year (104-90 over Denver), tying the club single-season mark set in 1999-2000 |