Kevin Love Signs Extension With Minnesota
by KDLT Sports
January 25, 2012 5:58 PM
Kevin Love has agreed to a four-year contract extension with the Minnesota Timberwolves worth between $60 and $62 million.
The deal includes a player option in the final year. Love had originally sought a five-year deal, which would make him the Wolves' "designated player". Based on the NBA's new collective bargaining agreement, every team is allowed to have one "designated player" who receives a five-year maximum extension on his rookie contract.
Love backed off that request and instead insisted that the final year of a four-year deal would be at his option.
By not giving Love a five-year deal, the Timberwolves gain some flexibility going forward, keeping that maximum offer available for point guard Ricky Rubio, No. 2 overall pick Derrick Williams or another player down the road.
Love and the team faced an 11 p.m. CST deadline to sign an extension. If not, he would have become a restricted free agent this summer. Follow KDLT Sports at @KDLTSports and KDLT Weekend Sports Anchor Kolbe Nelson at @KolbeNelson for opinions, links, and updates on Twitter. And don't forget to check out the KDLT Sports Facebook Page