Timberwolves and Naz Reid agree to a 3-year, $42 million extension

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By Webdesk

The Minnesota Timberwolves Timberwolves frontcourt is no less busy. On Sunday, she and big man Naz Reid agreed to a three-year, $42 million extension with a player option for the final season, his agents told ESPN’s Adrian Wojnarowski.

Reid, who turns 24 in August, began his NBA career in Minnesota on a two-way contract after being drafted in 2019. Over the past four seasons, he has developed into one of the best back-up bigs in the league. Per 36 minutes, he averaged 22.5 points, 9.6 rebounds, 2.2 assists, 1.2 steals and 1.5 blocks per game last season, with a true shooting percentage of 61.7%. However, his average was only 18.4 minutes, as he is on the same team as Karl-Anthony Towns and Rudy Gobert.

If Reid had chosen to explore his options in free agency, the Timberwolves wouldn’t have been able to offer him as many minutes as some of his other suitors. However, he may not have found a team willing to pay him more than the mid-level non-taxpayer exception (which comes with a starting salary of $12.4 million). Minnesota went above and beyond with this extension – Reid will earn $13 million in 2023-24, $14 million in 2024-25 and then has a $15 million option in 2025-26. (This is the most lucrative three-year extension for which Reid was eligible; a four-year extension could have given him up to $58 million.)

For the Wolves, this is a win because it removes the possibility of losing Reid in free agency for nothing. It’s also a win because it’s good value in a vacuum. Athletic’s Jon Krawczynski reported after the trade deadline that more than a dozen teams had called Minnesota about Reid; on this deal, he remains an attractive trading target.

Extra time allows Reid to stay where he feels comfortable and continue to play for Chris Finch, a coach who has made him stronger offensively. It’s a reward for his progression into the Minnesota rotation, transforming his body and becoming one of the team’s more productive players. The only real downside is the obvious: as long as Towns and Gobert are both on the roster, there are only so many minutes left.

Significantly, given the deadlock, Reid and his representatives negotiated a player option. If he is not satisfied with his role in a few years, he can broadcast for free before his 26th birthday.

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