Posted January 25, 2012

Report: Timberwolves And Kevin Love Agree To Four-Year, $60 Million Extension

NBA

The Minnesota Timberwolves and All-Star forward Kevin Love have reached terms on an agreement for a contract extension, sources have told ESPN.

It is believed the deal is worth $60 million for four-years, with a potential player option in the final year of the deal.  Sources told ESPN that Love will likely sign the contract after today’s shootaround in Dallas.

The two sides had until Wednesday at midnight to complete a deal before the NBA’s contract extension deadline.

The 23-year-old is averaging 24.9 points and 13.9 rebounds per game for the Timberwolves this season. Last year he led the NBA by averaging 15.2 rebounds per contest.