Report: Jeff Teague to Timberwolves

Minnesota and Jeff Teague agreed to a 3-year, $57-million deal, with a player-option for the third year, on Friday night, a source confirmed. The deal was reported by the Associated Press just minutes after free agency’s official 11 p.m. central start time.

ASM Sports, Teague’s agency, tweeted just after 11 p.m. that Teague committed to signing with the Wolves. Teague can’t sign a deal with Minnesota until Thursday because of NBA rules.

The Timberwolves had to find a starting floor general after sending Ricky Rubio to Utah in exchange for a first-round pick Friday afternoon. Teague will make roughly $19 million a year over the three years. Rubio was set to make $14.2 million next season.

– St Paul Pioneer Press