Marc Weinreich
Wednesday August 14th, 2013

Wolves free agent center Nikola Pekovic agreed to a five-year, $60 million deal to remain in Minnesota. (David Sherman/Getty Images) Wolves free agent center Nikola Pekovic agreed to a five-year, $60 million deal to remain in Minnesota. (David Sherman/Getty Images)

After nearly two months of negotiations, Timberwolves free agent center Nikola Pekovic has agreed to stay in Minnesota on a five-year deal worth $60 million. The contract was first reported by ESPN's Marc Stein, who added that Pekovic will receive up to $8 million in additional incentive-related bonuses.

SI Wire: Al Harrington signs with Wizards for reported 1-year, $1.7M

In 31 minutes per game last season for the Wolves, the 27-year-old third-year center averaged 16.3 points and 8.8 rebounds in 62 games. Earlier in August, Pekovic had passed up an opportunity to play for his native Montenegro in the EuroBasket championship next month because he reportedly wanted to focus on getting a deal done with the Wolves and didn't want to risk an injury that would jeopardize a potential contract.

With All-Star Kevin Love back next season after a year marred by injuries, the Wolves will look to improve upon their 31-51 record last season with a healthy core  of the 6-foot-11-inch Pekovic, guards Ricky Rubio and Kevin Martin, swingman Derrick Williams and rookie Shabazz Muhammad.

https://twitter.com/ESPNSteinLine/status/367711734078771200

https://twitter.com/ESPNSteinLine/status/367711971224739840 GOLLIVER: Pistons unveil navy blue 'Motor City' uniforms

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.