I actually think Love controls everything in these negotiations. He could simply HATE Minnesota and the T'Wolves front office and be looking to get out of there.
So he could just take the QO, and wait a year to go into UFA. Then, he can sign with whomever he wants and he will still get the max money available because the team that signs him will do a sign and trade with Minnesota where Minnesota gets a trade exception and a couple of 1st round picks.
If Love is patient and is not looking at this year as his free agency year, he holds all the trump cards.