Nikola Pekovic Completes Buyout, Will Join Timberwolves
Sources said the buyout from a Greek team was hammered out Tuesday on big man Nikola Pekovic, paving the way for him to join the Timberwolves on a three-year, $13 million contract. Pekovic had been drafted with Minnesota with the first pick of the second round in 2008 (No. 31 overall).
Pekovic will join 7-foot Serbian center Darko Milicic on the Timberwolves. Both had formerly had been together in the Serbia and Montenegro national program, although the nations since have split apart, with Pekovic being a Serb from Montenegro.
The 6-11 Pekovic likely would have been drafted much higher in 2008, but his contract situation with the Greek team Panathinaikos caused him to drop
Milicic signed a contract with Minnesota earlier this summer that could be worth as much as $20 million over four years. Sources, though, said the fourth year is partially guaranteed, leaving his total guaranteed amount for the deal at $16 million.
The Timberwolves paid the league-allowed $500,000 of Pekovic's buyout. The total amount of the buyout was not immediately available but Pekovic, who averaged 13.0 points while helping Panathinakios to the 2008-09 Euroleague title, was said to have handled the rest of the amount.
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