Found August 14, 2013 on BlackSportsOnline:
Timberwolves center Nikola Pekovic didn’t get the $15 million per season he was seeking, but the bruising double double machine did just get paid. Marc Stein is reporting that Pekovic and Minnesota Timberwolves have agreed to a five-year $60 million deal. This just in: I'm told Nikola Pekovic and Wolves have agreed to five-year deal worth $60 million — Marc Stein (@ESPNSteinLine) August 14, 2013 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 Pekovic posted career highs with 16.3 points and 8.8 rebounds in 62 games last season for the Timberwolves.  

Did The Wolves Overpay For Pekovic?

The not-so surprising news has come out that the Minnesota Timberwolves have re-signed restricted free agent Nikola Pekovic.  What is surprising to some is the amount of dough the rugged center got - a rumored $60 million over 5 years.   $12 million a year for Nikola Pekovic?!  Sure, he's a nice player who's shown constant improvement over his three seasons in the...

Minnesota Timberwolves: Nikola Pekovic Signing Grade

Minnesota Timberwolves: Nikola Pekovic Signing Grade By Mike Elworth: Owner and Publisher/HoopStuff…. Contract: 5 years, 60 million - The Timberwolves just signed one of the best centers in the NBA, who is only 27 and just averaged, 16.3 points, 8.8 rebounds and 3.7 rebounds per game, which was 6th in the league, to an incredible contract averaging  just 12 million per year...

Wolves agree to deal with Nikola Pekovic for reported five years

MINNEAPOLIS -- Turns out the waiting game paid off for Nikola Pekovic. Timberwolves president of basketball operations Flip Saunders tweeted Wednesday the team has agreed to terms with the restricted free-agent center, following about six weeks of back-and-forth with the Montenegrin center and his camp. Multiple media outlets report the deal is worth 60 million over a maximum five...

T-Wolves, Pekovic agree to 5-year, $60M deal

The Wolves today finally reached agreement with restricted free agent center Nikola Pekovic on a new contract. It is according to a source with knowledge of the negotiations a five-year $60 million contract that also includes as much as $8 million more in bonus incentives. The Wolves got Pekovic at their price -- no more than $12 million a year -- but gave a fifth guaranteed year...

Nikola Pekovic agrees to contract extension with Timberwolves

Tweet Wednesday, restricted free agent Nikola Pekovic agreed to terms with the Minnesota Timberwolves on a five-year, $60 million contract extension, per a report from ESPN’s Marc Stein. Stein also reports that Pekovic’s contract has no player or team option and includes an additional $8 million in performance incentives. The Timberwolves offered Pekovic a four-year […]

Wolves finally re-sign Nikola Pekovic

The Timberwolves finally re-signed forward Nikola Pekovic after prolonged negotiations this offseason and a general lack of interest in the restricted free agent market. The Wolves apparently scared everyone off from making an offer to Pekovic with their threat to match. What the Timberwolves did do is sign Pekovic to a five-year, $60 million. That is a hefty price and showed the...

Saunders says talks with Pekovic are progressing

The Minnesota Timberwolves are working on re-signing restricted free agent Nikola Pekovic. President of basketball operations Flip Saunders says talks are ''moving in a positive direction.'' Saunders has met with Pekovic's agent, Jeff Schwartz, and has extended an offer of four years and $48 million. The two sides continue to have discussions that Saunders termed...

Report: Nikola Pekovic Agrees To 5-Year, $60 Million Contract Extension With Timberwolves

According to ESPN’s Marc Stein, Nikola Pekovic has agreed to a 5-year/$60 million contract extension with the Timberwolves which will also include $8 million in additional incentive-related bonuses. The 27-year-old center, who has spent his entire 3-year NBA career with Minnesota, averaged 16.3 points and 8.8 rebounds in 32 minutes per game for the team last season.

Saunders Confident Of Re-Signing Pekovic Before Training Camp

Flip Saunders has continued to state his confidence in the Minnesota Timberwolves' ability to re-sign Nikola Pekovic -- now positive a deal should be done before training camp. “We’re moving in a positive direction,” Saunders said. “I still believe he wants to be here. I believe we are the best situation for him. He has had some success here. Success is not guaranteed...

Wolves showing commitment to 'big three' philosophy

MINNEAPOLIS -- Flip Saunders locked up a lot more than Nikola Pekovic's long-term services Wednesday. He formally anointed the precise direction in which the Timberwolves are headed. After nine struggling seasons, that's a tall job to complete in just 3 12 months as the team's president of basketball operations. But immediately after his hiring, Saunders, coach Rick...

Flip Saunders Claims Pekovic’s Deal Doesn’t Impact Rubio,Love

  Wolves center Nikola Pekovic received a big payday last week. His deal is worth $60 million over the next five years, which raised some eyebrows. Pekovic is a very good player, but Ricky Rubio and Kevin Love will become free-agents over the next two seasons respectively. The question Minnesota has to answer is will they be able to keep Rubio and Love both happy in Minnesota? Saunders...

Saunders: Pekovic Signing Leaves Future Cap Room For Love, Rubio

Flip Saunders made clear the signing of Nikola Pekovic will not prevent the Minnesota Timberwolves from extending Kevin Love and Ricky Rubio. "This signing of Pek will in no way hinder anything having to do with Rick down the road or with Kevin," Saunders said. "We've got three cornerstones in the franchise that all complement each other, which is very important...
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