Kevin Love is an extremely good basketball player. You know it. I know it. The people know it. And the Minnesota Timberwolves reportedly know it.

Charley Walters of the St. Paul Pioneer Press reports:

Timberwolves expected to offer Kevin Love $70 million contract extension

Minnesota Timberwolves All-Star Kevin Love can look forward to a contract extension offer of six years in the $70 million range once a new NBA labor deal is reached, a little birdie says.

The NBA’s collective bargaining agreement expires June 30.

Love, 22, can become a restricted free agent after the 2012-2013 season. The Wolves have no intention of letting him get that far.

Love, who is being paid $4.61 million this season and is signed for $6.1 million next season, leads the NBA in rebounding (15.5 average) and double-doubles (56, five more than Los Angeles Clippers’ Blake Griffin), and ranks 18th in scoring with a 20.9-point average.

Love said Tuesday evening that he likes Minnesota and hopes to remain here.

Keeping Love will be great for the Wolves, though they definitely need to pack more talent around him. He’s a rebounding superstar, but not a top offensive or defensive star who can carry a team into the playoffs on his own.

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