Kevin Love

Minnesota Timberwolves All-Star forward Kevin Love has agreed to a four-year, $62 million contract extension and is expected to sign the new deal Wednesday afternoon in Dallas, a person close to the situation told the Pioneer Press.

Love, 23, and the Wolves are in Dallas to play the defending NBA champion Mavericks on Wednesday night.

Love, who is earning $4.6 million this season, needs to sign an extension before 11 p.m. Wednesday, or he will become a restricted free agent after the season.

– Reported by Ray Richardson of theĀ St. Paul Pioneer Press