NBA Trade Rumors: Kevin Love's Extension Probable, Nothing Official Till Jan. 25

"If you read it on the Internet it must be true, right? #sarcasm"

Minnesota forward Kevin Love tweeted this Tuesday afternoon, shortly following various sports sites reporting the All-Star had agreed to a deal.

According to sources, Love agreed to a four-year, $62-million extension with the Timberwolves.

At this point, these are just rumors.

HoopsWorld writer Stephen Litel tweeted Tuesday evening:

"Hold on a second, #Twolves fans. @jerryzgoda has no confirmation yet and I have no official announcement from the team either."

And shortly later, he added, "I will let you know if/when I hear anything, #Twolves fans...but there is no official word from the team yet and Love's tweet says a lot."

I'm hoping as much as any Minnesota fan that the news is true, but I'll wait until tomorrow for the official word. ESPN.com said that no deal has been reached and that conversations between Love and the organization are "ongoing."

Love has two options: (1) to sign an extension with the Wolves, or (2) to ride out the season, after which he would become a restricted free agent in July.

According to the NBA's new collective bargaining agreement, Love is eligible for the five-year, $80-million maximum deal. This is the same deal that Russel Westbrook recently signed with Oklahoma City. Teams can only choose one player to use this "tag" on, however, and at this point it appears that Minnesota is striving to keep its future options open.

The deadline for a contract extension is midnight on Wednesday, and premature sources stated that Love would sign while in Dallas Wednesday afternoon.

Only time will tell.

When questioned about the potential deal last week, Love said, "[...] it would be nice to work something out. I enjoy it here, I enjoy my teammates, I enjoy the coaching staff, I enjoy the Twin Cities, even when it's cold."

(photo credit: ESPN.com)

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