Timberwolves owner Glen Taylor said he hopes to sign forward Al Jefferson to a contract extension before the Oct. 31 deadline, but if a deal isn't reached he anticipates matching any offer Jefferson would receive next summer.
Jefferson would become a restricted free agent after this season if an extension isn't finalized and could field offers from other teams. Taylor said Tuesday he hopes to keep Jefferson for a long time, but he wants to be prudent financially as well.
Taylor said the front office would prefer to get a deal done before the deadline, but he is being more cautious, having been burned in the past with other contracts.
Taylor said he plans to offer an extension in the neighborhood of five years and $50 million to $60 million.