Kevin Love has three guaranteed years and a player option for a fourth season remaining on his contract with the Minnesota Timberwolves.

Love did not receive the maximum five-year deal from former Timberwolves president David Kahn.

"I know that there's a lot that goes into it, especially … the new CBA," Love said. "I think it's just the way it goes sometimes and that I've got to really put it behind me. But it also really gives us more space to sign guys like … (restricted free agent) Nikola Pekovic this summer, so I think it's gonna be good for us in that at the end of the day, I have a fourth-year player option myself, so I think I have a little bit of flexibility whatever I decide to do.

"But I think as far as heading in the right direction and re-signing Pekovic and Ricky (Rubio) finally being healthy, Rick Adelman coming, Flip Saunders being on board now, I think it's gonna make for a great number of years."

This offseason, Pekovic is a restricted free agent and will be looking to test the market.

Rubio is scheduled to hit restricted free agency in the summer of 2015.