The Timberwolves are prepared to pay Kevin Love a maximum-salary contract, a league source said Wednesday.

Unresolved is whether it will be a four-year contract approaching $61 million or a maximum five-year "designated player" deal surpassing $78 million.

The NBA's new labor agreement allows every team one designated player -- a player ending his rookie contract who receives a five-year maximum-salary contract extension -- on their roster.