Naz Reid, a key player for the Minnesota Timberwolves, is reportedly finalizing a five-year contract extension worth $125 million to remain with the team. Reid had been projected as one of the most sought-after free agents available this offseason but has chosen to commit long-term to the organization that originally signed him as an undrafted player in 2019.
The 2024 Sixth Man of the Year, Reid posted averages of 14.2 points, 6.0 rebounds, and 2.3 assists across 80 games in the recent 2024-25 season. He started 17 of those contests, contributing to the Timberwolves` run to the Western Conference Finals for the second year in a row.
Speculation surrounded Reid`s future after he declined his $15 million player option this month, a move that would have made him an unrestricted free agent eligible to negotiate with any team starting June 30. However, Minnesota acted preemptively, securing Reid on a significant long-term contract before the official free agency period began.
Beyond Reid, the Timberwolves face other key decisions regarding their roster. Forward Julius Randle has a deadline of June 29 to decide on his $30.9 million player option for the upcoming season. Additionally, wing Nickeil Alexander-Walker is set to become an unrestricted free agent and is anticipated to be a sought-after player on the market.
Jasper Hawthorne