The Minnesota Timberwolves will release wing Lance Stephenson, league sources told ESPN. After completing two 10-day contracts with the team, Stephenson had to either be signed for the remainder of the season or let go. Minnesota has chosen to go in a different direction, sources said, and Stephenson will become a free agent. Stephenson, 26, is battling a nagging ankle sprain that has limited his time on the court.