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