Not surprisingly, the Wolves picked up the 2010-11 contract options on Kevin Love and Corey Brewer. They did not pick up the 2010 option on F/C Oleksiy Pecherov, one of the players acquired in the draft-day trade with Washington that landed the Wolves Ricky Rubio and cost them Mike Miller and Randy Foye. Pecherov, who started Sunday night in Phoenix, will now become an unrestricted free agent next summer.

Jerry will be on later to update heading into tonight’s game in Los Angeles against the Clippers.

“We are happy to extend Kevin and Corey for next season,” said David Kahn, Timberwolves president of basketball operations. “All of us have been impressed with the determination displayed by both players this summer to make themselves better players through conditioning, hard work and skill development. I believe both have the drive and desire to be special players in this league.

“As for Oleksiy [Pecherov], I spoke to him this morning that he should not interpret this decision as if Coach Rambis and I believe he has no future with our organization. Far from it. Because of our cap flexibility next season, we could re-sign Oleksiy next summer if it is in our mutual interests. He is a young player with potential, who is just seeing significant playing time for the first time in his career.”

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