NBA Rumors: Minnesota Timberwolves can offer Kevin Love $26M more than other teams
By Josh Hill
The Kevin Love situation in Minnesota is not only heartbreaking for fas, it’s getting finically convoluted as well. With all of the talk being about where Love will play after the 2014-15 season, we’re just now starting to consider the financial ramifications involved and the different options Love can choose from.
According to the Pioneer Press, if Love opts out of his contract after next season, teams can offer him four-year contracts worth twice the amount of money the Timberwolves would be able to offer him. But while that seems dire for the Wolves, the ace up their sleeve is that they can offer Love a fifth year and an extra $26 million more than other teams can.
This means that if Love opts to sign a four year contract with someone like the Chicago Bulls, New York Knicks or Los Angeles Lakers, he’d be leaving $26 million back in Minneapolis as a result.
There is already incentive for Love to leave the Wolves but the incentive to stay is largely washed over by the national media. Love would have to devote an extra year of his career to the Wolves if he signed a five year max contract, but he’d have 26 million reasons to not get too beat up about it.