Source: Barea Nears Deal with ‘Wolves
A source close to free agent J.J. Barea tells TNT’s David Aldridge that the 27-year-old is finalizing details on a four-year deal with the Minnesota Timberwolves, which would further add to that team’s seemingly inexhaustable supply of guards.
Barea, who starred in the postseason last spring during the Dallas Mavericks’ run to the NBA title, took more in Minnesota than in New York, which had been talking about a two-year deal, according to the source. But after using the amnesty provision on Saturday to waive guard Chauncey Billups and dealing forward Ronny Turiaf to Washington as part of the three-team deal that sent Tyson Chandler to New York, the Knicks technically fell under the cap, and thus lost their ability to use the mid-level exception starting at $5 million. They only had the new “room” exception for teams that are below the tax threshold that starts at $2.5 million to offer.