PG Teague reaches 3-year, $57M deal with Timberwolves

Point guard Jeff Teague agreed to a three-year, $57 million deal
with the Minnesota Timberwolves, according to multiple reports.

The agreement with the former Indiana Pacers player came just hours
after the Timberwolves traded point guard Ricky Rubio to the Utah
Jazz for a protected 2018 first-round pick via the Oklahoma City
Thunder.

Teague’s deal contains a player option for the third year,
according to ESPN’s Adrian Wojnarowski.

The deal was struck as NBA free agency opened Saturday at 12:01
a.m. ET. The new contract doesn’t become official until the free
agency moratorium is lifted at noon ET on July 6.

Teague, 29, averaged 15.3 points and 7.8 assists in 82 games in
2016-17 for the Pacers, his first year in his hometown of
Indianapolis after seven seasons with the Atlanta Hawks.

The Timberwolves sent Rubio to the Jazz on Friday to clear
salary-cap space for free agency.

Rubio, 26, has two years left on his contract. He is owed $14.25
million in 2017-18 and $14.95 million in 2018-19.

Rubio averaged 11.1 points. 9.1 assists and 4.1 rebounds in 75
games last season. He averaged 10.3 points and 8.5 assists during
his six seasons with the Timberwolves since being selected with the
fifth overall pick of the 2009 draft.

“We’d like to thank Ricky for his time in Minnesota over the course
of the last six-plus years,” Timberwolves coach Tom Thibodeau said.
“Ricky has been a consummate professional over my time in Minnesota
and has done tremendous things in the community. We appreciate all
he’s done for the organization and wish him the best of luck in
Utah.”

Tags: ,