Nikola Pekovic and the Minnesota Timberwolves have agreed upon a five-year, $60 million deal.

Pekovic will also have up to $8 million in additional incentive-related bonuses.

Pekovic has been a restricted free agent, giving the Wolves the opportunity to match any offer sheet he were to sign with another team.

Pekovic has had a PER over 20.0 in each of the past two seasons.