Rumor: Jeff Teague to sign with Timberwolves for $55 million over three years

The Timberwolves traded their starting point guard, Ricky Rubio, to the Jazz.

Seemingly in line to replace him: Jeff Teague.

Marc Stein of ESPN:

The Knicks have abandoned their hopes of meeting with Jeff Teague, league sources say, convinced Teague has already committed to Minnesota

— Marc Stein (@ESPNSteinLine) June 30, 2017

The unconfirmed estimate making the rounds on Jeff Teague's expected deal with Minnesota: $55 million over three years

— Marc Stein (@ESPNSteinLine) July 1, 2017

That would make Teague costlier than Rubio, who’s due $29.2 million over the next two years. But the Timberwolves got a first-round pick in the trade with Utah, and Teague – a superior outside shooter – fits better with Jimmy Butler and Andrew Wiggins on the perimeter.

Minnesota could still have about $12 million in cap space, which could go toward a stretch four and just generally rounding out the bench.

The Pacers might miss Teague. They might not. After that awful trade of Paul George to Oklahoma City, I have no idea what they’re doing.