May 31 was the last day that Ricky Rubio, selected by the Minnesota Timberwolves with the fifth pick of the 2009 NBA Draft, could sign a deal with Minnesota under the current labor agreement. Despite the visits to Spain and everything else that the Timberwolves' front office has undertaken in the past few weeks, no word of any agreement between Rubio and the team has been made by the Timberwolves.
According to Jerry Zgoda of the Minneapolis Star-Tribune, if the Wolves reached a contract agreement with Rubio, it would have to be submitted to the league office within 48 hours of the agreement being reached. The NBA has not said anything about receiving such an agreement, and nobody is sure whether or not they would acknowledge it if they had received it.
Zgoda also predicts that Rubio will be making his way to Minnesota "under cover of night" after his season with Spain's Regal Barcelona has been completed, due to a bunch of sponsors stepping up to provide the $1 million-plus in buyout money it will take to get Rubio out of his contract with his Spanish club.
Obviously, if we hear or see anything about Rubio coming to Minnesota, we will have it right here for you.