Garnett stays at Wolves for $16m

Kevin Garnett will get paid $8 million per season over the two-year contract he has agreed to with the Minnesota Timberwolves, a person with knowledge of the agreement said on Thursday.

Garnett and the Timberwolves put the finishing touches on the deal earlier this week, the source said.

Garnett, 39, made an emotional return to the Timberwolves - the franchise he essentially put on the map during his 12 years in Minnesota to start his career - in a February trade with the Brooklyn Nets. After a thunderous welcome in his first home game back, Garnett played just four more games the rest of the way.