Rubio, who turns 24 later this month, is entering the fourth and final season of his rookie contract. The Timberwolves have until Oct. 31 to negotiate an extension or Rubio will become a restricted free agent next summer.
Rubio is reportedly seeking a maximum five-year contract, while the Timberwolves are only offering a four-year deal.
"I don't want to talk to the media about my contract situation," Rubio said. "I think it bothers me on the basketball court, so I don't want to talk to the media about it. My agent's dealing with Flip and Glen and that's it."
Last season Rubio averaged 9.5 points, 8.6 assists and 2.3 steals, but shot just 38.1 percent from the field. Rubio is expected to take a larger leadership role this season after Minnesota traded Kevin Love to the Cleveland Cavaliers. At media day, shooting guard Kevin Martin said the Timberwolves are Rubio's team.
Rubio was the No. 5 pick in the 2009 draft but did not join the NBA until 2011. Point guards have seen the value of their contract extensions increase in recent years. Phoenix Suns point guard Eric Bledsoe signed a five-year, $70 million contract extension earlier this month after a summer-long stalemate in restricted free agency. In 2013, Washington Wizards point guard John Wall signed a five-year, $80 million extension. In 2012, Jrue Holiday, Stephen Curry and Ty Lawson signed four-year extensions ranging from $41 million to $48 million.
Only three players from the 2011 NBA draft have signed contract extensions. The Cavaliers signed No. 1 pick Kyrie Irving to a maximum five-year, $90 million contract. The Suns also signed twins Marcus Morris and Markieff Morris to four-year contracts totaling $52 million.
- Paul Palladino