UPDATE: The Minnesota Timberwolves have confirmed that Rubio will join them for the 2011-12 season.  The Wolves will have a formal press conference at the Target Center on Tuesday (6/21).

According to sources, the future point guard of the Minnesota Timberwolves: Ricky Rubio has reached an agreement for a buyout from his team: Regal FC Barcelona and is all set to join the TWolves in the NBA.

Tomorrow (Friday, June 17th), Rubio is expected to announce his departure at a press conference in Spain.

Rubio, the Wolves & Barcelona were able to meet the May 31st deadline for Ricky to be paid his rookie salary.  Had he not signed by the 31st, he would have been under the new rules of the Collective Bargaining Agreement-whatever they may be…

In order for Rubio to come play he had to be granted permission from his, now former, team-Barcelona, who had to get approval from FIBA which had to be sent to NBA Commissioner David Stern who had to sign off on the entire ‘thing’.

After all that and two years of waiting, Wolves fans and the rest of the NBA will finally get a chance to see Ricky Rubio in action.

Ricky has been compared to Pete “Pistol Pete” Maravich, for not only his physical attributes, but also his flashy passing, ballhandling skills & floor vision.  Rubio stands at 6-4 and has a wingspan of 6-9 as he’ll turn just 21 years old in October.

According to sources, David Stern still has to give his approval, but they’re saying that’s simply a formality: “It’s done!”

Stay tuned all year round for your TWolves news, information & updates, remember to tune in daily.  Thanks for reading and GO WOLVES!

According to Jerry Zgoda of the Star Tribune, the Wolves 5th pick in the 2009 NBA Draft is talking about his future with his current team-Regal FC Barcelona.

Barcelona won the ACB Finals yesterday (June 14th) in a sweep over Bizkaia Bilbao.  As such, there season has now come to an end and Rubio is talking about a buyout, which would cost around $1.4M, $500,000 of which the Timberwolves could pay.  The Wolves organization is also looking to local sponsors around Minnesota to finance the remaining $900,000 of the buyout for Ricky.

There have been numerous sources-the Star Tribune, ESPN, Pioneer Press, Yahoo Sports, KFAN, Associated Press etc.  that have all confirmed that Ricky Rubio and the Minnesota Timberwolves have come to an agreement to play in the Twin Cities next season.

Rubio is expected as early as Monday to come over to Minnesota for an introductory press conference, though nothing is official yet.

Thanks for reading and remember to check daily for all your TWolves news, information & updates all year round right here!  GO WOLVES!