Yep, it's as fantastic as it sounds. In this fascinating follow-Kevin Love-around-for-a-day vlog, the Minnesota Timberwolves all-star does indeed run some sprints with Diddy (in town the same night to kick off the Dirty Money tour) and the host of the whole web series: Maestro Knows. Looks like they were going all-out through til the end, when a winded Diddy acted all confused that it was the last sprint, hah! (Watch and see what he says exactly).
Very entertaining all the way around as other parts of the video include shoot around with Diddy and Love (who showcases some long-range shooting) and everything else from his breakfast to an injured Love cheering on his teammates from the sideline. Press play above and get a nice little glimpse at a day in the life of an NBA player - and not just any player, but an all-star with a fun personality in Kevin Love.
EDIT: Also meant to mention that Chicago's own BJ The Chicago Kid gets a little love in the beginning, as from the sounds of it, he was performing as part of the Diddy tour as well. Solid.
UPDATE: It was just announced Kevin Love is this year's Most Improved Player Award winner. Well-deserved.