Report: Kevin Martin, Timberwolves agree to buyout

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Update: Marc Stein of ESPN:

 

Kevin Martin and the Timberwolves were reportedly in advanced buyout discussions Thursday, but there hadn’t been much word since.

Will Minnesota still waive Martin before tonight’s midnight deadline for him to eligible for another team’s playoff roster?

Marc Stein of ESPN:

Martin’s player option for next season complicates matters. His buyout amount would be applied to Minnesota’s team salary either:

  • 22% this season, 78% next season
  • 22% this season, 26% each of the following three seasons

The Timberwolves should be leery of adding a cap hit in future seasons for a player who might just opt out anyway and leave them with no future financial obligations. Therefore, they should consent to a buyout only if Martin relinquishes a substantial portion of his remaining guaranteed salary.

Martin was reportedly likely headed to the Spurs if bought out, though it’s unclear whether San Antonio signing Andre Miller — already bought out by Minnesota — affected that plan.