Chase Budinger and the Timberwolves reached a three-year, $16-million agreement on Tuesday, according to Yahoo! Sports.
Chase Budinger has reached agreement on a three-year, $16 million deal to return to Minnesota, league source tells Y! Sports.
— Adrian Wojnarowski (@wojespn) July 2, 2013
USA Today’s Sam Amick reports the third year of the deal is a player option.
Can confirm Chase Budinger to Minnesota on three-year, $16 million deal. Player opt out after Year No. 2.
— Sam Amick (@sam_amick) July 2, 2013
Jerry Zgoda reports that the deal shouldn’t impact the $7-million the Wolves have to use on a shooting guard in free agency.
According to FOXSportsNorth.com, the Bucks, Lakers and Pelicans were also interested in Budinger.