The update is that there isn't much to update in the Warriors' chase/inquiry/bid for Kevin Love, though things could change in a blink.

Right now, however, nobody seems to be blinking with a few days to go before Thursday's NBA draft.

On Monday afternoon, I checked with two high-level NBA sources, and both said that trade talks between the Warriors and Minnesota remain in a holding pattern.

Or, as one of them said when asked for a specific update: "Who knows?"

Yep, things are stalled right now and nobody knows what happens next or when it happens. It's all pretty much dependent on Minnesota president Flip Saunders' ultimate decision ... and which team he decides to engage.

So this is as good a time as any to underline some of the most important things to remember about Love, the Warriors and how big trades actually get negotiated.

  • These deals take time and often go through stops and starts, pauses and then sudden bursts of action.

    The most essential facts: The Timberwolves probably will have to trade Love before this gets too close to his pending free agency next summer, and the Warriors are likely one of his preferred destinations.

    That doesn't mean either side has to do a deal now, of course. It doesn't mean Saunders has decided what it'll take to move Love or what the best current offer really is.


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    It just means that things can be stalemated -- the Warriors are apparently offering a deal structured around David Lee and Harrison Barnes, and Minnesota is saying no ...

    Until one of the two sides decides to change the names or the approach, and then everything's back in business again.

  • Since Klay Thompson is the key deal point right now -- Minnesota wants him, the Warriors are extremely reluctant to include him -- the Warriors can hold him back until the last moment.

    If the Warriors can dangle a decent offer without including Thompson or accepting Kevin Martin's bad contract coming back, why wouldn't they push that for as long as possible?

    Then, if the Warriors sense that Minnesota is ready to finalize a deal with somebody else, the Warriors still have the option of including Thompson or taking back Martin.

    That's how you avoid bidding against yourselves. That's NBA poker.

  • Though new coach Steve Kerr and executive Jerry West probably are the strongest proponents of keeping Thompson, reports of a fractious Warriors front office seem to miss a bit of the point.

    This is the way co-owner Joe Lacob likes it.

    Lacob and general manager Bob Myers have collected a lot of strong voices and executives who collect a lot of information and have ties to a lot of different NBA levels.

    "Too many cooks" has been the criticism of those close to Mark Jackson, and that is a fair critique -- if major mistakes are made.

    So far? The results of Jackson's firing and Kerr's hiring are still pending. Other than that, and a few misfires here and there, this front office has worked rather smoothly compared to a few other Warriors administrations I can think of.

    The Lacob/Myers regime sure hasn't had a problem identifying and completing big deals (Andrew Bogut, Andre Iguodala) or making draft-night maneuvers (almost every year), that's for sure. And if the rest of the league believes Kerr and West are fighting to keep Thompson, that only gives Myers more leverage when and if he ever decides to offer him.

    It also helps to lift Thompson's value across the league, by the way -- he's the guy West and Kerr consider untouchable.

  • It would not surprise me at all if, in a week or so, the Warriors start to take a look at other "stretch" power forwards such as Carmelo Anthony (a free agent July 1) or Chris Bosh (who could decide to become a free agent).

    Or, if they drop down a level, the Warriors could target Channing Frye (via free agency) or Ryan Anderson (via trade).

    Then, if the Warriors close on a deal for an alternate "stretch 4," they can go back to Minnesota and give the ultimatum: Do our deal or we're dealing with somebody else.

    That's all part of the mechanics of negotiation; in the same way, if the Timberwolves get a better deal, the Warriors will be forced to top it or move on.

    But the longer this goes on, the more it helps Love's leverage, and that means it helps the Warriors' leverage.

    If it's a long two-way stalemate, the Warriors can live with that and Love can live with that. Can the Timberwolves?

    For more, see Tim Kawakami's Talking Points at blogs.mercurynews.com/kawakami. Contact him at tkawakami@mercurynews.com. Follow him on Twitter at twitter.com/timkawakami.