The Minnesota Timberwolves have exercised contract options for next season on Corey Brewer and Kevin Love.

The moves announced Monday were expected. They guarantee Brewer a $3.7 million salary in his fourth year and Love a $3.6 million salary in his third year.

Brewer, a small forward and defensive specialist from Florida, was taken with the seventh overall draft pick in 2007. Love, a power forward from UCLA who is recovering from surgery on a broken hand, was taken with the fifth overall draft pick in 2008.

The Wolves also declined their fourth-year option for next season on center Oleksiy Pecherov, who will be a free agent next summer. President of basketball operations David Kahn says he wanted to save salary cap space, but allowed the possibility of re-signing him.