Report: Kevin Love, Timberwolves Agree on 4-Year, $62 Million Extension

by January 24, 2012

The Pioneer Press is reporting tonight that Kevin Love and the Minnesota Timberwolves have agreed on a contract extension that will pay the star forward $62 million over the next four seasons. Not quite the max deal that Love had been looking for: “Minnesota Timberwolves All-Star forward Kevin Love has agreed to a four-year, $62 million contract extension and is expected to sign the new deal Wednesday afternoon in Dallas, a person close to the situation told the Pioneer Press. Love, 23, and the Wolves are in Dallas to play the defending NBA champion Mavericks on Wednesday night. Love, who is earning $4.6 million this season, needs to sign an extension before 11 p.m. Wednesday, or he will become a restricted free agent after the season.”