From the Wolves:
The Minnesota Timberwolves today announced the team has reached an agreement in principle on a contract with restricted free-agent center Nikola Pekovic. Per team policy, terms of the agreement were not disclosed. ‘Retaining Pek was our No. 1 priority this offseason and we’re very excited that he’s chosen to continue his career in Minnesota,’ said Wolves President of Basketball Operations Flip Saunders.
Meanwhile, Marc Stein is reporting at ESPN that the contract is a five-year deal, worth $60 million “and potentially up to an additional $8 million in incentive-related bonuses.”
The deal was clinched, sources say, when Minnesota offered a fifth year. Initial indications are that neither side possesses an option in the new contract, making it a straight-up deal for the next five seasons for the 27-year-old.
Now, it’s hard to speak definitively until we know for certain about the option status of that fifth year and about the details of those incentives. But if the deal really is as Stein says it is, another fully guaranteed year and extra incentives strikes me as too great a concession on the Wolves part to a player who, remember, had no meaningful bargaining leverage. (Although we can certainly speculate on the effect of Kevin Love’s looming free-agency–and the fact that Pekovic’s agent, Jeff Schwartz, also represents Love–on the negotiations). The cumulative effect of those little things–the extra year here and there, those extra few million–can be disastrous down the road for small-market teams under this Collective Bargaining Agreement.