Report: Timberwolves, Pekovic agree to five-year deal
More than a month of discussions between restricted free agent Nikola Pekovic and the Minnesota Timberwolves finally have a happy ending.
Sources with knowledge of deal say contract will also include up to $8 million in additional incentive-related bonuses for Pekovic— Marc Stein (@ESPNSteinLine) August 14, 2013
The 27-year-old center agreed to a five-year, $60 million deal to stay in Minnesota, according to ESPN's Marc Stein.
A reluctance to accept an earlier four-year, $48 million deal offer from the Wolves prompted additional meetings for president of operations Flip Saunders with Pekovic's agent, Jeff Schwartz. Saunders repeatedly told inquiring media that negotiations were moving "in a positive direction".
The lengthy process forced Pekovic to opt out of his commitment to play with the Montenegrin national team in the European Championships as he wouldn't have insurance without a contract.
Pekovic posted career highs with 16.3 points and 8.8 rebounds in 62 games in 2012-13. The big man has been with the Timberwolves organization since 2010, when he made his NBA debut.