Patrick Beverley agrees to one-year, $13M contract extension with Timberwolves

2022-02-15T13:08:56+00:00 2022-02-15T13:08:56+00:00.

Antigoni Zachari

15/Feb/22 13:08

Eurohoops.net

Patrick Beverley remains in Minnesota with a one-year contract extension

By Antigoni Zachari / info@eurohoops.net

The Minnesota Timberwolves are keeping veteran point guard Patrick Beverley on board, as the two sides have agreed to a one-year, $13M contract extension, as reported by ESPN’s Adrian Wojnarowski.

Beverley, 33, joined the Timberwolves in August coming from the Memphis Grizzlies, which had acquired him earlier that month in a trade with the LA Clippers that also included Eric Bledsoe and Rajon Rondo. So far in the 2021-22 campaign, he is averaging 9.0 points, 4.9 assists, and 4.4 rebounds across 38 contests with the Timberwolves.

Per Wojnarowski, “Minnesota had $107 million in salary committed for 2022-2023 before extending Beverley and are projected to be without salary cap space for free agency. The team can still use a $10 million mid-level exception and stay below the projected $147 million luxury tax”.

Prior to agreeing upon the extension, Beverley was on the final season of a three-year, $40M deal which he penned with the Clippers, and the new agreement will last through the 2022-23 season.

 

Photo credit: Getty Images