The NBA’s free-agency negotiating period began at 11:01 p.m. Sunday and Timberwolves President of Basketball Operations Flip Saunders was in Los Angeles with $7 million or more in his pocket to spend on a starting shooting guard.

Agents for unrestricted free agents O.J. Mayo, J.J. Redick, Kevin Martin and Mike Dunleavy are all based there.

Wolves unrestricted free agent Chase Budinger — who along with restricted free agent Nikola Pekovic is one of the team’s top two priorities, according to Saunders — also lives just down the freeway in San Diego.

Teams can strike deals with free agents as soon as the clock struck midnight July 1 in New York City — or 9 p.m. in California — but no contracts can officially be signed until a moratorium period ends July 10, after the NBA’s salary cap for next season is set.