O(N) is possible using Deque data structure. It holds pairs (Value; Index).
at every step:
if (!Deque.Empty) and (Deque.Head.Index <= CurrentIndex - T) then
Deque.ExtractHead;
//Head is too old, it is leaving the window
while (!Deque.Empty) and (Deque.Tail.Value > CurrentValue) do
Deque.ExtractTail;
//remove elements that have no chance to become minimum in the window
Deque.AddTail(CurrentValue, CurrentIndex);
CurrentMin = Deque.Head.Value
//Head value is minimum in the current window