Jonny Flynn recently had surgery to repair a lingering hip injury. He originally suffered the injury in the second-to-last game of the season and aggravated the injury during summer league workouts. He'll be out 3-4 months, putting his return around mid-to-late November.
The Breakdown
With the time line given by the Wolves, it appears Flynn shouldn't miss too many games once the season starts. When he does eventually return, it'll also take him a few games to get his rhythm and conditioning together. In the short term, Luke Ridnour's value rises as he'll get starter's minutes. Ridnour is a great player in category-based league, as he can give you production in a number of categories. Still, you have to remember this is just for a few games. Once Flynn is healthy, Jonny's going to be back in the starting line up.
I recommend drafting Ridnour somewhere around the 175th pick or later in deep leagues. If you draft Luke, you'll benefit from his increased minutes to start the season and, once he returns to the bench, he'll still give you decent production for a back up PG. And if for whatever reason the Flynn injury continues to linger, you've lucked into a decent starting PG.
With the injury, Sebastian Telfair will likely remain with the team at least in the early stages of the season until Flynn returns. Still, Telfair isn't worth a pick in any league as he's not likely to get off the bench when Flynn and Ridnour are both healthy.