Now it's official: Kevin Love signs extension

Despite leaked reports last night, Love signed a four year extension with the Timberwolves this afternoon.

Via ESPN:

The Minnesota Timberwolves and star forward Kevin Love have at last reached terms on a contract extension, according to sources close to the situation, beating Wednesday’s midnight ET deadline.

To do so, Minnesota had to grant Love a player option in the final year of a four-year deal worth in excess of $60 million, sources said.

Much more analysis will be available once details are released, so stay tuned.

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