The contract extension talks between Patrick Beverley and the Minnesota Timberwolves that have lasted for a couple of months finally reached a conclusion.

NBA insider Adrian Wojnarowski reports that the 33-year-old point guard signed a one-year, $13 million contract extension with the T-Wolves. Beverley had been in the final year of his contract.

This season Beverley is averaging 9 points, 4.4 rebounds and 4.9 assists in 26.1 minutes per game for Minnesota.