The Minnesota Timberwolves have until January 25 to reach a contract extension agreement with Kevin Love, or else the All-Star power forward would become a restricted free agent on July 1.
Jan 17, 2012 - The Minnesota Timberwolves have until January 25 to reach a contract extension agreement with All-Star power forward Kevin Love, and according to Love it's all in the hands of his agent and the Wolves' front office. Love told Paul Allen of Minneapolis radio station KFAN that he has no idea whether there will be a deal by next Wednesday. From Sports Radio Interviews:
"It's all in my agents hands. It's all in the front office's hands. I can't really speculate too much on that, just whatever happens in the process, but the fans know I love them and I just want to keep it that way."
Columnist Charley Walters of the St. Paul Pioneer Press reported Tuesday that the Wolves plan to extend Love a four-year, $60 million extension this week. That's a far cry from the maximum that Love could make, which could match reach nearly $80 million over five years. Derrick Rose, eligible for a higher percentage of the salary cap on his second contract thanks to eligibility for the Rose Rule, signed a five-year, $94 million extension in December. Love would only be eligible for the Rose Rule if he were to win the MVP award.
If the Wolves don't reach an agreement with Love by January 25, he would become a restricted free agent on July 1. At that point, the Wolves could match any offer sheet that Love signs with a team that has cap space. But it could be a risk as Love could sign his one-year qualifying offer for $6 million, setting the path to unrestricted free agency in 2013, which would be a doomsday scenario for Minnesota.
For more on the Wolves and Love, visit Canis Hoopus and SB Nation Minnesota.
This post was corrected to clarify Love's potential max extension.
2 comments
Kevin Love, Timberwolves Approaching Contract Extension Deadline
2
Jan 17
Comments
that's some b.s.
As if you let your agent and the Minnesota FO determin your future…. right.
He is getting the max either way (now or in a sign and trade this summer). Question is, does he want to stay in Minnesota?
The only change Minnie has, imho, is to decline to cooperate in a sign and trade scenario this summer and make him choose between $30mill more than any other team can give him over the live of the deal (birdrights) or getting his wish to leave Minnie.
Who won? Who lost? Who cares?! The NBA is Back! - David Aldridge
What seems to be the officer, problem? - Randy Marsh
by Dutch Hoopfan on Jan 17, 2012 2:42 PM EST reply actions
Don't Sign Kevin!
The Brooklyn Nets want you and the New York Knicks can trade Stoudemire to get you.
Take Brooklyn Nets and we will rooting for you towards NBA Championships.
Wow!
K.Love/B.Lopez/W.Chandler Our starting front line.
by Dziedzic on Jan 18, 2012 3:08 PM EST reply actions
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