Jeff Teague signs with Timberwolves for three years, $57 million

After dealing Ricky Rubio to the Utah Jazz, the Minnesota Timberwolves didn’t waste any time signing his replacement.

The Wolves agreed to terms with free agent point guard Jeff Teague on a three-year deal worth $57 million with a player option for the third year, Teague’s agent, J.R. Hensley told ZAGSBLOG.

The news was first reported by Adrian Wojnarowski of ESPN.

Teague averaged 15.3 points and a career-high 7.8 assists for the Indiana Pacers last season. He shot 35.7 percent from 3-point range and is a better jump shooter than Rubio. The Wolves were looking to upgrade their shooting after trading for Jimmy Butler last week.

The Wolves can now field a starting five of Teague, Butler, Andrew Wiggins, Gorgui Deng and Karl-Anthony Towns.

(The AP contributed)

Written by Adam Zagoria

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Adam Zagoria is a Basketball Insider who covers basketball at all levels. A contributor to The New York Times and SportsNet New York (SNY), he is also the author of two books and is an award-winning journalist and filmmaker. His articles have appeared in ESPN The Magazine, SLAM, Sheridan Hoops, Basketball Times and in newspapers nationwide. He also won an Emmy award for his work on the SNY mini-documentary on Syracuse guard Tyus Battle. A veteran Ultimate Frisbee player, he has competed in numerous National and World Championships and, perhaps more importantly, his teams won the Westchester Summer League (WSL) championships in 2011 and 2013. He lives in Manhattan with his wife and children.