Ricky Rubio is getting a four-year, $56 million contract extension from the Minnesota Timberwolves.
Agent Jarinn Akana of Relativity Sports tells The Associated Press the two sides are putting the finishing touches on the deal.
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The Timberwolves and Rubio’s agent, Dan Fegan, have been negotiating for more than two months and had until midnight Friday to reach a deal or Rubio would have become a restricted free agent after the season.
Rubio is in his fourth season with the Wolves since coming over from Spain in 2011. He has yet to make an All-Star team, but has become the face of the franchise after they traded Kevin Love this summer.
Rubio averaged 10.1 points, 8.1 assists and 2.3 steals, but shot just 37 percent in his first three seasons.