The Minnesota Timberwolves today announced the team has requested waivers on center Theo Ratliff after reaching a contractual buyout agreement. Per team policy, terms of the agreement were not disclosed.

Several newspapers in Detroit have reported that Ratliff may sign with the Pistons.

“Theo indicated to us that he wasn’t sure of his plans in the future - whether he was going to play or not - and there was an indication that he would not re-sign with us if he did choose to continue playing,” said Timberwolves Vice President of Basketball Operations Kevin McHale. “This provides us an opportunity to play our younger post players - Craig Smith and Chris Richard - and give us more time to continue to evaluate them. I cannot say enough about Theo’s professionalism throughout the entire season and we wish him the best of luck in the future.”

Ratliff, in his first season with the Wolves, appeared in 10 games (six starts) for the Timberwolves this season, and posted averages of 6.3 points (.511 FG%), 3.9 rebounds and 1.9 blocks in 21.4 minutes per game. He missed 45 games this year due to soreness in his right knee, and underwent arthroscopic surgery on Dec. 18. The 13-year NBA veteran has career averages of 8.0 points (.497 FG%), 6.2 rebounds and 2.6 blocks per game in 689 career NBA contests. The 6-10 center was acquired by Minnesota in a trade with Boston on July 31, 2007.