The Minnesota Timberwolves announced Wednesday that the team reached agreement with center Nikola Pekovic on a long-term contract.
The Timberwolves did not release contract details, but reports indicated that the 6-foot-11 Pekovic received a five-year, $60 million deal. According to ESPN, the package includes $8 million in incentives.
Pekovic was an unrestricted free agent but did not sign an offer sheet with another team and appeared intent on remaining with the Timberwolves.
The 27-year-old averaged 16.3 points and 8.8 rebounds last season in 62 games, all starts.
"Retaining Pek was our No. 1 priority this offseason and we're very excited that he's chosen to continue his career in Minnesota," Timberwolves president of basketball operations Flip Saunders said. "Thanks to a lot of hard work and determination, Pek has developed into one of the NBA's premier centers and is entering the prime of his career. We envision Pek and Kevin Love being the 'Bruise Brothers' and forming one of the best frontcourts in the NBA for a long time to come."
Pekovic, a Montenegro native, was the 31st overall pick in the 2008 NBA Draft by the Timberwolves.