Naz Reid Signs $125 Million Extension with Minnesota Timberwolves

The Minnesota Timberwolves have secured a key player for their roster, as Naz Reid, a promising forward, has agreed to a five-year extension worth $125 million. This strategic move solidifies Reid’s place on the team while also indicating the Timberwolves’ ambitions for future success.

Key Details of Naz Reid’s Contract

• Extension Terms: 5 years, $125 million
• Age: 26 (turning 26 soon)
• Expectations: Reid was a sought-after player, attracting interest from various NBA teams.

Financial Outlook for the Timberwolves

According to ESPN‘s insider Bobby Marks, the Timberwolves’ projected tax bill now stands at $23 million, significantly reduced from last season’s staggering $141 million. This shift in financial burden opens up possibilities for the team as they navigate their salary cap.

Team Salary Projections

• Current Team Salary: $206 million
• Distance to Second Apron: Just under $2 million

This financial strategy is crucial, especially in light of potential roster changes. Julius Randle, recently traded to the Timberwolves from New York, holds a player option worth approximately $30 million. If he opts out, it may make roster planning more complex.

The Roster Implications of Reid’s Return

Reid’s impressive performance as a key player off the bench carries several implications for the Timberwolves’ roster dynamics:

• Rudy Gobert: Initiates a three-year, $105 million extension next season.
• Potential Roster Challenges: Navigating a higher payroll may complicate future re-signing opportunities for Randle and maintaining Gobert on the roster.

Reid’s Recent Achievements

Last season marked a high point in Reid’s career, as he:

• Averaged 14.2 points per game
• Shot 46.2% from the field
• Posted a 37.9% three-point shooting rate

His stellar performance earned him the NBA Sixth Man of the Year award in 2024, contributing significantly to the Timberwolves’ progression to the Western Conference Finals two years running, although they fell to the eventual champions, the Oklahoma City Thunder, in 2025.

Conclusion

The Timberwolves’ investment in Naz Reid is a clear signal of their commitment to building a competitive team. As the season unfolds, managing their salary cap creatively and securing key players will be essential for the franchise. Reid’s return, alongside the developments surrounding players like Randle and Gobert, will shape the Timberwolves’ journey in pursuit of an NBA championship.

For more details on NBA contracts, salary caps, and player performance, visit ESPN and NBA.com.