Anthony Edwards and the Minnesota Timberwolves have agreed on a five-year, $260 million contract extension, according to reports.
Jon Krawczynski of The Athletic was the first to break the news at 11:27 a.m. Monday, adding in his report that there are no team or player options over the course of the five-year deal.
The Timberwolves and Anthony Edwards have agreed to a five-year, $260 million contract extension, league sources tell @TheAthleticMIN
— Jon Krawczynski (@JonKrawczynski) July 3, 2023
The $260 million is only reachable if Edwards is voted All-NBA in 2023-24, according to Wolves insider Dane Moore. If he doesn’t, the deal will be $217 million over five years.
Edwards is now front and center of Minnesota’s core, surrounding by Karl-Anthony Towns, Rudy Gobert, Jaden McDaniels, Mike Conley and Naz Reid. Minnesota also recently bolstered its depth by signing small forward Troy Brown Jr., retaining guard Nickeil Alexander-Walker and signing backup point guard Shake Milton.
Edwards averaged 24.6 points, 4.4 assists and 5.8 rebounds last season.
