Wolves Updates 9/1

News reports on both sides of the Atlantic on Monday night said Ricky Rubio will stay in Spain and play for a Barcelona team until at least 2011.

But as this mysterious serial now stretches into its third full month, a question still remains:

Is this really, truly it?

Timberwolves basketball boss David Kahn — in Spain since late last week working to obtain Rubio’s release from his DKV Joventut team — remained mum on the subject Monday night.

A league source tells me there’s plenty of talk floating that the Knicks again are pushing hard to deal for Rubio — probably with an assist from agent Dan Fegan — and there’s word of a Rubio for restricted free agent David Lee, Nate Robinson and a No. 1 pick deal.

That’d  give the Wolves three power forward types, wouldn’t it? But with David Kahn, anything could be possible.

Of course, the Wolves would have to give back some sizable salaries to make the deal work (with the Knicks signing and then trading Lee), but they do have Brian Cardinal and Mark Blount, to name two contracts that total $14 million plus.

From Alan Hahn/Newsday:
Three very trustworthy sources, however, shot down the rumor, which involved unsigned restricted free agents David Lee and Nate Robinson going to Minnesota along with a future first-rounder in a package for Rubio’s rights.

Despite some obvious last-minute desperation by Rubio’s camp to make something happen that would free Rubio to make the jump to the NBA this season, one source said the Knicks rumor was “way off” and indicated that Timberwolves GM David Kahn would be inclined to wait at least a season before he felt he had to make a decision on what to do with Rubio (this also gives him a year to watch Jonny Flynn and see what he has in him).

So Rubio will mature and get better — albeit against sub-NBA competition — and Kahn’s team will begin the rebuilding process with a very capable point guard in Flinn. Can the two play together in the same backcourt in 2011-12? Time will tell. But in the meantime, Kahn moves forward with a formidable asset in Rubio. Even if he never plays a single game in Minnesota.

Kahn is quickly becoming the most mysterious executive in the NBA, tearing a page straight from the book written by his mentor, Donnie Walsh. He is humorless and needs to brush up on his people skills — despite the fact that he’s a former member of the media. (Maybe this explains why he is a former member.) But I’ll give him credit for this much: It took a certain amount of gumption to welcome a controversy like this with the very first and most important decision of his regime. Whether it ultimately works out or not is very much an unknown. Say Kahn is in over his head if you want; you might ultimately be correct. But I have no problem giving Kahn credit for being unafraid of Fegan and all the contractual entanglements that came with Rubio. Enjoy Barcelona, Ricky. See you in 2011.

ESPN.com and Yahoo! Sports are both reporting that Rubio’s former club, DKV Joventut, agreed to trade his rights his FC Barcelona, which worked out a buyout with Rubio worth a reported $5.28 million. Barcelona also signed the 18-year-old Pete Maravich look-alike to a six-year contract that won’t allow him to leave until the summer of 2011. Even then, there still is no guarantee that Rubio will be able join the Timberwolves. The move gives some closure to the greatest soap opera in the NBA this summer and puts more egg on the face of a Timberwolves franchise that has been dealing with blunder upon blunder in recent years (the Joe Smith fiasco, firing Flip Saunders, trading Kevin Garnett).

Rubio, 18, apparently won’t play for the T’wolves until the 2011-12 season, and that’s devastating for the franchise’s new regime, which hoped to tout Rubio as one of its fresh-faced stars. Minnesota was able to legally pay only $500,000 toward the buyout, and the relative constraints of the Twin Cities’ market made the accumulation of endorsement deals difficult to close the gap on the buyout figure. Rubio would’ve made nearly $3.3 million in the NBA this season as the fifth pick in the draft.
From Matt Watson/Fanhouse:
Either way, the Timberwolves have ample time to figure out how to best manage their assets as opposed to trying to juggle the development of both players this year. It may not be the outcome that impatient fans in Minnesota were hoping for, but in the long run, Monday’s news is probably for the best.
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