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Report: Timberwolves sign Kevin Love to four year, $62 million contract extension

The St. Paul Pioneer Press is reporting that Kevin Love is expected to sign a four year, $62 million contract extension with the Timberwolves on Wednesday. Love needs to sign contract by 11:00 p.m. Wednesday or he will become a restricted free-agent at the end of the season.
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The St. Paul Pioneer Press is reporting that Kevin Love is expected to sign a four year, $62 million contract extension with the Timberwolves on Wednesday. Love needs to sign contract by 11:00 p.m. Wednesday or he will become a restricted free-agent at the end of the season.

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Shooter Now: Timberwolves likely to offer Kevin Love $60M, four year deal

Charley Walters of the Pioneer Press reports the Timberwolves will likely offer Kevin Love a four year, $60 million contract within eight days. Love will become a restricted free agent after the season unless he signs an extension with the Wolves before January 25.

Love says he hasn't signed a contract extension with the Wolves

Kevin Love is denying a report from the Pioneer Press that suggests he will sign a four year, $62 million contract extension with the Timberwolves. In a tweet, Love says "If you read it on the internet it must be true right? #sarcasm." Meanwhile, ESPN is reporting that the two sides are still in talks, and that Minnesota wants to offer Love a four year, roughly $60 million deal while Love wants the maximum five year, $80 million deal.

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The Timberwolves are reportedly still negotiating with Kevin Love on his contract extension. If the two sides don't reach a deal by 11 p.m. Wednesday, Love can become a restricted free agent at the end of the season.

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