Report: Ricky Rubio staying put in Spain

The bad news: Ricky Rubio, one of the most hyped teenaged prodigies in recent NBA draft memory, is giving the Minnesota the cold shoulder, opting to play out his contract in his native Spain. The good news: the Wolves retain rights to the 18-year-old indefinitely.

From Fox9:

The 18-year-old, who only made $97,000 last season, would have to personally pay a buyout of over $6 million if he jettisoned for the NBA. The Timberwolves are only allowed to pay $500,000 of theat buyout.

The Timberwolves now have the option of waiting for Rubio until the 2011-2012 season or trading his rights to another NBA team. Rubio's father has been open about the fact his son may return to Europe instead up jumping right to the NBA.

This wouldn't be the first time an NBA team had to wait on a messhianic young star. In 1987, the Spurs had to wait two years for David Robinson to fulfill his obligations to the Navy. Which didn't turn out too bad.

In the meantime, the Wolves' sixth pick, former Syracuse star Jonny Flynn, will be manning the point. Dude's a baller in his own right.