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Wolves Rumors: Pekovic, Martin, Trades, Rubio

According to reports from Darren Wolfson of 1500 ESPN Twin Cities and Jerry Zgoda of the Star Tribune, the Timberwolves have formally extended a multiyear contract offer to restricted free agent Nikola Pekovic. Zgoda, who expects Pekovic to sign a four-year deal worth $12MM or more, says the offer was made on Friday and that the Wolves expect an answer from the big man's camp early this week.

Here's more out of Minnesota from Wolfson:

  • The Thunder have interest in signing-and-trading Kevin Martin to the Wolves, but an outright signing is more likely. Andrei Kirilenko's camp is also pushing for a sign-and-trade, says Wolfson, but the Wolves are more likely to simply renounce his rights.
  • In their search for a defensive-minded wing, the Wolves are exploring trades involving Luke Ridnour and J.J. Barea. While Ridnour is drawing more interest, the team may prefer to move Barea, since head coach Rick Adelman likes Ridnour.
  • Prior to being waived yesterday, Greg Stiemsma was offered to every team in trade talks, but no clubs were willing to give up anything of value.
  • The Wolves have inquired on Chauncey Billups, but are focusing on other needs for now.
  • Barring an unforeseen catastrophe, Ricky Rubio will be offered a new five-year contract next summer, when he becomes extension-eligible.
  • While Wizards exec Milt Newton appeared to be a candidate for the Wolves' GM job, he'll likely remain in Washington. Wolves president Flip Saunders figures to promote internally for the team's GM job, with Wolfson citing Rob Babcock as a possibility.

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