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Kevin Love, Wolves agree to deal

Updated: January 27, 2012, 11:55 AM ET
By Marc Stein and Chris Broussard | ESPN.com

The Minnesota Timberwolves and star forward Kevin Love have agreed to a four-year contract extension worth between $60 million and $62 million, beating Wednesday's midnight ET deadline.

Love had originally sought a five-year deal but backed off that request and instead insisted that the final year of a four-year deal would be at his option.

Sources close to the process told ESPN.com that the All-Star forward was determined to have the ability to opt out and become an unrestricted ...

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