NBA Rumors: Kevin Love and Minnesota Timberwolves Seek Contract Extension

Alex MonacoContributor IIMarch 2, 2011

BOSTON, MA - JANUARY 03:  Kevin Love #42 of the Minnesota Timberwolves drives around Jermaine O'Neal #7 of the Boston Celtics on January 3, 2011 at the TD Garden in Boston, Massachusetts. The Celtics defeated the Timberwolves 96-93. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Elsa/Getty Images)
Elsa/Getty Images

Kevin Love at just 22 years old has emerged as one of the premiere power forwards and big men in the NBA.  

Love leads the NBA in rebounds at 15.5 RPG and double-doubles with 56.  If you have a guy that can score and rebound like Love can, you'd better figure out a way to hold on to him.

That's exactly what Glen Taylor, the Minnesota Timberwolves owner, is planning on doing with his star player, according to the Pioneer Press.

Love is making $4.61 million for his efforts this season and is set to make $6.1 million next season.  As it stands today, 2012-2013 will be the year for the ex-Bruin to test the market.  

However, Kevin has said he "loves" the city of Minnesota, and if the team starts winning and it works out with everything in the front office, he sees no reason in finding work elsewhere. 

If a deal were to get done in Minnesota with Love, the new NBA labor deal would have to be reached first. 

Since the term "collective bargaining" seems to be the theme this year in professional sports, we have to again wait for the "suits" to work out the kinks.

The agreement has a deadline of June 30th for the NBA to come to a mutual consensus.

As for Love, if the deal does go through on the collective bargaining agreement, he's set to receive around a $70 million contract at around six years.  That's around a little more than $11.5 million a year. 

Not too shabby for a guy who will have almost $100 million in the bank before age 30.