HoopsHype Ricky Rubio rumors

November 1, 2014 Updates

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

Darren Wolfson: Said 4/$52M is what Wolves will do. Maybe 54. On Rubio to say yes. RT @1500ESPN .@Darren Wolfson says Rubio will accept 4-years, $58M. Twitter @DarrenWolfson

Sources say that the Wolves and Rubio have been in advanced negotiations for the last few weeks that are likely to lead to an extension. Thompson and Golden State, meanwhile, have been in serious talks for some time after the Warriors backed out of long-running Love trade talks with Mi?nnesota this offseason in order to keep Thompson. ESPN.com

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