HoopsHype Ricky Rubio rumors

November 2, 2014 Updates

The Wolves initially offered Rubio a four-year, $44 million extension, urging him to take less money to give them the most flexibility going forward so they could build a team around him. Fegan and Akana knew the new $24 billion television contracts that are set to fully kick in in 2016 will change the economic landscape of the league. And with Love gone, Rubio was the new face of the Timberwolves, so they advocated for their client. "We didn't always see eye to eye, which is always good and the way it goes with agents," Saunders said Saturday. "We worked hard because I think all parties involved knew that the No. 1 thing that Ricky wanted is Ricky wanted to be here." NBA.com

Saunders made a point not to discuss business on the court and said Rubio made an even better impression on Saunders the coach than he did Saunders the executive. "You're watching so much film every day of your team from practice and that so you see the things that he does," Saunders said. "You see how he deals with the other teammates and how he deals with the coaching staff. I believe there's no question coaching him helped me from the perspective of I knew we wanted him, but wanting him even more." NBA.com

November 1, 2014 Updates

Ricky Rubio has reached an agreement on a four-year, $55 million contract extension with the Minnesota Timberwolves, league sources told Yahoo Sports. The contract includes $1 million in possible incentives, a source said. Rubio, 24, will make nearly $14 million a season for the Wolves, a package comparable to Eric Bledsoe’s five-year, $70 million extension with the Phoenix Suns. "I am really thrilled," Rubio wrote in an email to Yahoo Sports. "I couldn't be happier. They showed they believe in me and I'm up for the challenge. I want to lead this young team." Yahoo! Sports

The clock was ticking down toward the deadline for reaching agreement on an extension of his rookie contract, and just like he does on the court for the Minnesota Timberwolves, Ricky Rubio took charge. "I was talking with my agents and I told them I really wanted to stay here," Rubio told The Associated Press in a phone interview late Friday night. "I told them to make something work. At the end of the day it did happen and I'm happy about it." Associated Press

Rubio averaged 10.1 points, 8.1 assists and 2.3 steals but shot just 37 percent in his first three seasons. The shooting numbers led some to say the Timberwolves would have been better off waiting to see how Rubio performs this season before extending him an offer given that they would have had the ability to match any offer that he received on the open market next summer. But owner Glen Taylor has long been big on loyalty, and he reached out directly to Rubio earlier this week to make one last push. "I want to call Minnesota home for a long time," Rubio said. "That's why I signed the contract. My mom's going to get mad at me, but I don't leave home when I'm here. This is my second home. I really feel very welcome here." Associated Press

Rubio’s deal essentially is the same first four years of the contract that Phoenix guard Eric Bledsoe signed in September. His is a five-year, $70 million contract that pays him $55 million for the first four seasons. Bledsoe did receive five years from the Suns because he played out the process of becoming a restricted free agent that Rubio avoided. The Wolves remained adamant they would not pay a max salary at any length of contract throughout negotiations that started with them aiming to sign Rubio to contracts similar to what Golden State’s Curry and Denver’s Lawson signed in 2012. Lawson agreed to a $48 million extension, Curry to a $44 million deal. Rubio’s extension follows a series of other such extensions for guards across the league. Lowry signed a four-year, $48 million contract with Toronto last summer. In recent weeks, the Suns signed Bledsoe, Charlotte signed Kemba Walker for $48 million, Utah signed Alec Burks for $42 million and on Friday, Golden State paid Klay Thompson a maximum four-year, $70 million extension. Minneapolis Star-Tribune

October 31, 2014 Updates

"This has been a long process and I am thrilled that we have reached an agreement," said Timberwolves owner Glen Taylor. "We drafted Ricky over three years ago and had to wait two years for him to come over. He came to us with such high expectations and he immediately proved why we were so high on him. Unfortunately he got hurt at the end of his rookie season, but he has worked so hard to come back and we believe he has a long and successful career ahead of him. He's a great foundation for our franchise and we're very happy to keep Ricky here long term to work and grow with the young nucleus that we have." NBA.com

"I am happy to be staying with the Wolves and look forward to many successful seasons in Minnesota," Rubio said. "Our fans have been great and I am excited to be able to play in front of them for many years. I will continue to work hard to improve my game and help our team get better." NBA.com

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