Naz Reid Signs $125M Timberwolves Extension After Towns Trade

Naz Reid has agreed to a five-year, $125 million contract extension with the Minnesota Timberwolves, opting out of his $15 million player option just before free agency. The 25-year-old, who earned NBA Sixth Man of the Year honors in 2024 and averaged 14.2 points, 6.0 rebounds, and 2.3 assists last season, remains a pivotal part of the Timberwolves' core. His extension brings the team's payroll near the NBA's second luxury tax apron, complicating efforts to retain Julius Randle and Nickeil Alexander-Walker. The contract underscores the franchise's commitment to Reid and hints at possible roster changes driven by salary cap constraints. The deal follows the recent trade of Karl-Anthony Towns, which provided financial flexibility for this signing. Under new owners Alex Rodriguez and Marc Lore, Minnesota aims to remain a Western Conference contender despite financial challenges.