After missing just 20 games total in his first three years in the league as a member of the Houston Rockets, Budinger missed all but 23 in 2012-13.
The career 35.8 percent long-range marksman struggled mightily to find his shooting stroke on the rare nights that he was healthy enough to take the floor. His 41.4 field-goal percentage and 32.1 percent mark from deep were each career lows.
Budinger has a chance to reintroduce himself to Timberwolves fans after signing a three-year contract worth $16 million, as originally reported by Yahoo! Sports' Adrian Wonjarowski, who adds that the third year of Budinger's new deal will be a player option.
The signing has since been confirmed and made official by the Wolves' official PR twitter feed:
Minnesota shot just 30.5 percent from three as a team last season, so upgrading its perimeter attack was a priority for this summer. Before his injury-riddled campaign last year, Budinger was fresh off a career-best 40.2 percent three-point shooting season in 2011-12.
The Timberwolves addressed their perimeter needs on draft night by trading for UCLA scoring guard Shabazz Muhammad. But given Minnesota's team-wide struggles from distance last season, this was not going to be a one-man fix.
With Budinger's future now decided, Minnesota must now decide what to do with starting center Nikola Pekovic. The third-year big man is a restricted free agent and should be in line for a sizable raise after posting career bests in scoring (16.3 points per game) and rebounding (8.8) last season.