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Basketball news gathered from around the net.

Wolves Make Offer To Pekovic Believed To Be $12M Annually

The Minnesota Timberwolves have made a formal offer to Nikola Pekovic believed to be worth $12 million or more annually.

Pekovic is a restricted free agent.

Pekovic is not believed to have been offered a deal by a rival team and the number of teams with sufficient cap space has decreased to one or two.

Via Jerry Zgoda/Star Tribune
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