Day: January 24, 2012

Timberwolves, Kevin Love still negotiating contract extension

Kevin Love

We’re now not much more than a day away and counting on the NBA deadline for the Wolves to sign Kevin Love and the Wolves have yet to reach a deal on a contract extension with him.

One team source told me tonight that the Wolves are closing in on a five-year maximum contract deal that would pay him more than $78 million and despite such a forthcoming deal, David Kahn hasn’t won any brownie points with Love in this negotiation.

Another said that as of Monday afternoon, the team still hadn’t moved off its four-year, $61 million offer.

I still believe the Wolves will reach a deal with Love by 11 p.m. Wednesday and it will be that five-year “designated player” deal with Love.

— Reported by Jerry Zgoda of the Minneapolis Star Tribune Blog 

Eric Gordon waiting for extension offer from Hornets

Eric Gordon

New Orleans Hornets guard Eric Gordon said he is waiting to learn whether NBA commissioner David Stern will grant him a contract extension before Wednesday’s deadline.

Gordon’s agent, Rob Pelinka, has engaged in recent contract talks with the Hornets’ front office, but hasn’t received an official offer. Gordon told Yahoo! Sports on Monday night he was informed by Hornets general manager Dell Demps that Stern must decide whether to extend an offer. The NBA owns the Hornets. Gordon wants to re-sign with New Orleans, but is uncertain if or when Stern will reach out to him or Pelinka.

“In terms of my contract extension, Dell Demps indicated that it’s out of his control and NBA commissioner David Stern has the last determination on the contract extension,” said Gordon, who will be a restricted free agent this summer if he doesn’t sign an extension.

— Reported by Marc J. Spears of Yahoo! Sports