Minnesota Timberwolves center Karl-Anthony Towns was selected to the Kia All-NBA Third Team on Tuesday afternoon, making him eligible to receive a ‘Supermax’ extension this offseason.
Towns had a monster season for the Timberwolves, putting up 24.6 points and 9.8 rebounds per game while shooting over 41 percent on 3-pointers. The result was leading the Timberwolves to only their second playoff berth since the 2003-04 season and his first All-NBA selection since 2018.
Towns will also have the chance to get paid this summer. By making his second All-NBA team, he can now sign an extension worth 35 percent of the salary cap. If he didn’t make the team, he would have been eligible for a deal worth 30 percent of the cap.
That’s a massive amount of money, with Dane Moore noting that an extension for Towns could be worth $210.9 million over the next four seasons. That deal would be in addition to the $69.8 million due to Towns over the next two seasons and would pay him $280.7 million through the 2027-28 season.
By making 3rd team All-NBA, Karl-Anthony Towns is now eligible to be offered a 4-year, $210.9M supermax contract extension.
Towns has two years left on his current deal, and with the supermax would be locked-up for six years. These would be his salaries from 2022 through 2028. pic.twitter.com/CUgFxn3B8b
— Dane Moore (@DaneMooreNBA) May 25, 2022
Towns’ potential extension will be one of the first decisions for new president of basketball operations Tim Connelly.
While Towns underwent several stem cell treatments and platelet-rich injections earlier this month, a new deal seems likely after Connelly worked with two-time MVP Nikola Jokic as POBO for the Denver Nuggets.
With Towns potentially in the fold for the majority of the decade, it should provide a steady foundation as the Timberwolves enter a new era.
