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.

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15/Feb/22 13:08

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INDIANAPOLIS, INDIANA - FEBRUARY 13: Patrick Beverley #22 of the Minnesota Timberwolves celebrates in the fourth quarter against the Indiana Pacers at Gainbridge Fieldhouse on February 13, 2022 in Indianapolis, Indiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Dylan Buell/Getty Images)

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

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