Ricky Rubio will hold a press conference in Spain on Friday to announce his basketball future. Many sources have reported that he signed a rookie contract with the Timberwolves on May 31st under the current rookie scale because of uncertainty with the new CBA. We will find out tomorrow if the reports are true that Rubio will be heading to the Timberwolves.

UPDATE: Rubio made it official today by announcing he will be heading to the NBA next season.