Naz Reid has agreed to a five-year, $125 million contract extension to remain with the Minnesota Timberwolves, according to ESPN’s Shams Charania. The agreement prevents Reid from entering the free agent market this summer, securing one of the NBA’s most sought-after players for the franchise that originally signed him as an undrafted free agent in 2019.

Reid’s Performance and Impact in the 2024-25 Season

The 2024 Sixth Man of the Year, Reid averaged 14.2 points, 6.0 rebounds, and 2.3 assists across 80 games last season. Appearing in 17 starts, he played a key role in helping Minnesota reach the Western Conference finals for the second year in a row. His consistent scoring and versatility off the bench made him an invaluable asset during the campaign.

Contract Discussions and Timberwolves’ Roster Outlook

Reid’s decision followed his choice to decline a $15 million player option earlier this month, which had opened the possibility of unrestricted free agency when negotiations began on June 30. However, Minnesota acted quickly to retain him with a lucrative long-term deal before he could explore other opportunities.

Aside from Reid, the Timberwolves are awaiting decisions on other critical players. Julius Randle has until June 29 to decide whether to exercise his $30.9 million player option for the upcoming season. Additionally, wing player Nickeil Alexander-Walker will be a free agent and is expected to attract significant attention from other teams on the market.

Implications of Reid’s Extension for The Timberwolves

Securing Reid with this substantial contract provides Minnesota with stability and a core building block as it prepares for another competitive season. His continuation with the team reflects confidence in his development and value. Moving forward, how the Timberwolves handle other free agency decisions, including Randle’s option and Alexander-Walker’s market status, will shape the roster’s final composition.