Rubio to stay in Spain, won't play for T'Wolves this seasonMinnesota Sports - Minnesota Timberweolve draft pick Ricky Rubio will stay in Spain and not play for the Minnesota Timberwolves for the upcoming pro basketball season.
MINNEAPOLIS - Minnesota Timberwolves president David Kahn issued a statement Wednesday regarding Ricky Rubio, saying no deal of any kind has yet been reached with the club's first-round pick.
Earlier Wednesday, Spanish newspaper Via Marca reported that Rubio had signed a six-year contract with Regal Barcelona. The deal would pay Joventut, Rubio's previous team, a buyout of 3.7 million Euros or approximately $5.3 million and include a buyout option in 2011.
However, Kahn released a statement on the team's official website disputing the report.
"Based on the information I have attained today, no team in any league has reached a deal with DKV Joventut concerning Ricky's buyout, which must be accomplished before Ricky is released from his contract with DKV Joventut," Kahn said.
Rubio, 18, was selected with the fifth overall pick of the 2009 draft and was expected to be one of the top NBA rookies in the upcoming season.