Apr 1, 2013; Minneapolis, MN, USA; Minnesota Timberwolves center Nikola Pekovic (14) drives to the basket against Boston Celtics power forward Brandon Bass (30) in the fourth quarter at Target Center. Timberwolves won 110-100. Mandatory Credit: Greg Smith-USA TODAY Sports

NBA Free Agency: Pekovic Receives Formal Offer

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With Cleveland and Dallas rumored to be competing for the right to pay for Andrew Bynum’s doctor’s visits, Nikola Pekovic has sat and waited patiently. Doubt you’ll see any Twitter announcements when Pek makes his decision, though.

The Wolves very own Woj is speculating (or reporting) that Pek will be getting $12 a year or more to stay in Minnesota. Pretty solid offer. Respectful, for sure — but not like the maxed out apocalyptic Portland nightmares everybody was having around February last season.

I gotta confess: When I see the words ‘formal offer’ and Pek in the same sentence, I wonder what type of formalwear Pek favors. What would Pek’s Draft Night outfit have looked like? Anyway, here’s Zgoda…

The Timberwolves have made a formal contract offer to restricted free agent Nikola Pekovic and waived two players in preparation for Wednesday’s end to the NBA moratorium period.

According to league sources, the Wolves made an offer to Pekovic on Friday and expect to receive a response early this week.

On Sunday, they waived center Greg Stiemsma and swingman Mickael Gelabale in two salary-cap moves designed to clear space to allow them to sign free agents Kevin Martin and Chase Budinger as well as bring back Pekovic on a four-year deal that likely will be worth $12 million a year or more.

They also continue to try to trade guards J.J. Barea and/or Luke Ridnour in an attempt to create more cap space to add another two players through signing or trades.

The Wolves have the right to match any offer Pekovic receives from another team. As of Sunday, he is not believed to have been offered such a deal and the number of teams who have the cap space and desire to sign him had dwindled to one or two.

Pekovic repeatedly last season said he wanted to return to Minnesota, and President of Basketball Operations Flip Saunders has said all along that he believes the two sides will reach a deal.

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Tags: Cleveland Cavaliers Dallas Mavericks Minnesota Timberwolves Nba Free Agency Nikola Pekovic

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