Timberwolves Secure Naz Reid With Five-Year, $125 Million Extension Deal

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The Minnesota Timberwolves have secured Naz Reid, a former NBA Sixth Man of the Year, with a five-year contract worth $125 million. This deal includes a player option. Reid opted out of his $15 million player option for the upcoming season. Despite interest from other teams offering similar financial terms and starting positions, he chose to remain with Minnesota.

Reid joined the Timberwolves in 2019 after going undrafted from LSU. He is now the team's longest-serving player. His standout season was in 2023-24 when he earned the sixth man award by averaging 13.5 points and 5.2 rebounds, shooting 41.4% from beyond the arc. Last season, he improved his performance, achieving career highs with 14.2 points, 6 rebounds, and 2.3 assists per game.

Reid will continue to be an integral part of Minnesota's future plans alongside Anthony Edwards and Jaden McDaniels. Although Reid is expected to maintain a reserve role next season, there is potential for him to transition into a starting position during his contract term. In games where he started last season, Reid averaged an impressive 18.3 points and 9 rebounds.

Reid's decision to stay reflects his commitment to the Timberwolves' vision for success. At just 26 years old in August, he remains a promising talent for the team’s future ambitions in the league. His consistent improvement each season highlights his value as both a reliable scorer and rebounder.

This new contract solidifies Reid's place within the Timberwolves' core lineup as they aim for greater achievements in upcoming seasons. The agreement marks a significant step for both Reid and the franchise as they look forward to building on their recent successes together on the court.