Timberwolves guard Malik Beasley and the Hennepin County Attorney's Office reached an agreement Monday that Beasley will serve 120 days in the workhouse or on home monitoring after this season is over in exchange for him pleading guilty to a threats of violence count while having a felony drug charge dismissed.

Both charges are related to a September incident in which Beasley is alleged to have aimed a rifle at a couple and their teenage daughter in an SUV outside his Plymouth home, where a large stash of marijuana and other guns were seized by police.

Beasley appeared by video remote for Monday's plea hearing and said, "I've learned my lesson" while answering questions from his attorney.

"I could have retreated," he said. "I was not in my right mind. I'm ready to move on."

Formal sentencing is scheduled for Feb. 9, when Judge Hilary Caligiuri will most likely accept the terms of Beasley's guilty plea, which also includes being on probation for three years.

If Beasley successfully completes his probation, the felony will be reduced to a misdemeanor on his record. However, if he violates any of the terms, he could face a harsher punishment.

Only after sentencing will a date be set for when he would potentially have to report to the workhouse. The Athletic reported that Beasley's attorneys, Steven Haney and Ryan Pacyga, said any time served would come after the end of the 2020-21 season, which is set to open Wednesday for the Wolves.

Beasley might be allowed to serve his time on electronic home monitoring as part of the judicial system's efforts to prevent the spread of the coronavirus in lockup facilities.

Pacyga was not immediately available to answer questions Monday afternoon about the plea deal.

A felony drug charge remains against his wife, 23-year-old Montana Yao — who has reportedly filed for divorce from Beasley.