Anthony Edwards reportedly agrees to 5-year, $260M extension with Timberwolves
MINNEAPOLIS -- Timberwolves fans can breathe easy -- star Anthony Edwards has reportedly agreed to a much anticipated contract extension.
The Athletic's Jon Krawczynski reported Monday that Edwards and the Wolves have agreed to a five-year, $260 million extension.
The Timberwolves and Anthony Edwards have agreed to a five-year, $260 million contract extension, league sources tell @TheAthleticMIN
— Jon Krawczynski (@JonKrawczynski) July 3, 2023
Agent Bill Duffy told The Associated Press the deal has a base value of $207 million, with a chance of reaching $260 million. The new contract will begin in the 2024-25 season. His deal would reach the supermax level if he makes an All-NBA team.
Edwards became eligible for an extension this offseason, and Timberwolves' president of basketball operations Tim Connelly promised Edwards would get an offer "the minute we're allowed to talk."
The Wolves took Edwards No. 1 overall in the 2020 draft, and he's lived up that lofty status, becoming one of the league's best young players. He earned his first All-Star nod last season, averaging 24.6 points, 5.8 rebounds and 4.4 assists a game. At just 21 years old, he led the team in scoring and played in all but three games.
Ant, as he's affectionately known by fans, was even more impressive in the playoffs, averaging 31.6 points over five games against the eventual NBA champion Denver Nuggets.
The Wolves now have three max players on their roster in Edwards, Towns and center Rudy Gobert. Last year, the Wolves and Towns agreed to a $224 million contract extension as soon as the negotiation period opened. Gobert, whose first season with Minnesota after the whopper trade with Utah was filled with growing pains between him and his new team, has three years left on his deal. Towns has five.
Barring a long rumored trade of Karl-Anthony Towns, the Wolves' starting five next season will likely be Edwards, Towns, Gobert, Mike Conley and Jaden McDaniels. Connelly has indicated an extension for McDaniels is likely this offseason as well.