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Naz Reid Set to Decline $30M Player Option, Sparking Free Agency Frenzy Ahead of NBA Season

Naz Reid, the Minnesota Timberwolves’ standout big man, is widely expected to decline his $15 million player option for the upcoming NBA season, a decision that could trigger a flurry of activity in free agency. Reid has steadily risen to become one of the most beloved figures in Timberwolves history during the 2023-24 season and now faces a critical choice about his future in the league.

Although Reid has enjoyed immense support from Minnesota fans and shows a clear desire to stay, the lucrative nature of his contract option and his rising performance have made the prospect of free agency a real possibility. The decision also coincides with similar choices from other key players on the Timberwolves roster, which could complicate re-signing efforts for the team.

Reid’s Remarkable Journey and Recent Performance

Undrafted in 2019, Reid has spent his entire NBA career with Minnesota, steadily building his value through consistent play and improvement. Following the 2022-23 season, the Timberwolves rewarded him with a three-year, $42 million contract extension, signaling their confidence in his role within the team. His impact was immediate; in the 2023-24 season, Reid averaged 13.5 points, 5.2 rebounds, and 1.3 assists per game, helping the Timberwolves secure a 56-26 record, the third-best in the Western Conference.

Naz Reid
Image of: Naz Reid

That season saw Reid earn the NBA’s Sixth Man of the Year award, recognizing him as the best player coming off the bench. His growing popularity among fans was reflected in unique ways, such as Timberwolves supporters adopting “Naz Reid” as a greeting, a trend that local media described as a kind of shared handshake among enthusiasts.

“His name is no longer just a name,”

wrote Chip Scoggins from The Minnesota Star Tribune.

“It’s become a greeting among Wolves fans, something of a secret handshake. Those who know, get it.”

Contract Options and Potential Financial Impact

In addition to Reid’s contract option, another significant decision looms with Julius Randle, the Timberwolves’ power forward, who has a $30.9 million player option due by June 29. Jake Fischer noted the challenge facing Minnesota in maintaining both players due to salary cap constraints.

“Randle holds a $30.9 million player option that he must exercise or decline by June 29,”

Fischer explained.

“Reid has his own $15 million option that many around the league expect last season’s Sixth Man of the Year to decline.”

This decision by Reid to turn down the option could lead to free agency offers that surpass what the Timberwolves can match, given their salary commitments. Reid’s upward trajectory was clear as he improved his averages to 14.2 points, 6.0 rebounds, and 2.3 assists per game, playing 27.5 minutes each contest, which marked a substantial increase in his court time and productivity.

Challenges in Retaining Reid Amid Team Dynamics

The Timberwolves, now led by rising superstar Anthony Edwards, have positioned themselves as contenders in the Western Conference, finishing in the playoffs’ advanced stages consecutively. However, balancing the roster financially is a puzzle as keeping Reid and Randle simultaneously may prove difficult.

Reid has been outspoken about wanting to be a starter and competing for a championship, which aligns with Minnesota’s recent form and future prospects. Yet he recognizes the uncertainty that comes with professional sports contracts.

I definitely view myself as a starter, but things change,

Reid acknowledged.

You never know what’s ahead of you.

Possible Suitors in Free Agency

Should Reid decide to test the market, he is expected to attract interest from various teams looking to bolster their frontcourt. Among potential suitors are the Brooklyn Nets, Los Angeles Lakers, Charlotte Hornets, Memphis Grizzlies, San Antonio Spurs, and Detroit Pistons, each seeking to add proven talent capable of impacting their rotations.

This level of demand reflects Reid’s rising stock as a versatile big man who can contribute points, rebounds, and playmaking off the bench or as a starter. His free agency decision will be among the most closely watched moves as the NBA offseason unfolds, influencing the Timberwolves’ strategic plans and the league’s player market.

What Lies Ahead for Naz Reid and the Timberwolves

Reid’s $30 million player option decision holds considerable significance not only for his career but also for the Minnesota Timberwolves’ composition next season. Whether he remains with the Wolves or explores other opportunities, his choice will affect salary allocations, roster construction, and team ambitions.

As free agency approaches, Reid’s preference for playing on a competitive, winning team will weigh heavily on his decision, while Minnesota’s front office must navigate the challenge of keeping their key contributors intact. The coming weeks will reveal the direction of both Reid’s career and the Timberwolves’ pursuit of sustained contention in the NBA.

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