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 deal worth $48 million in July, but Pekovic held out while attempting to secure an annual salary around $15 million. While this new agreement still averages $12 million per season, Pekovic securing an extra guaranteed year is a win for the 27-year old center.
Pekovic averaged 16.3 points and 8.8 rebounds per game with the Timberwolves last season, his third in the NBA. He is an intimidating interior presence for Minnesota and is rumored to be one of the strongest players in the NBA.
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