The Minnesota Timberwolves are likely to offer Kevin Love a $60 million, four-year deal according to the Pioneer Press.
Although team president David Kahn has not yet commented on a potential contract extension for Love, the Pioneer Press reports that the team will likely offer him an extension within the next eight days. Love can become a restricted free agent after this season unless the Timberwolves officially offer him an extension before Jan. 25.
If Love chooses not to sign the extension, he can return for the 2012-13 season for $6.1 million and become an unrestricted free agent after the season. Love, the club’s leading scorer, is the fifth highest paid player on the team, earning $4.3 million for the 2011-12 season. Currently, he is second in the NBA with 14.3 rebounds a game.