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Only a few days away from free agency, the Timberwolves successfully prevented their best free agent from hitting the market.
Minnesota and forward Naz Reid have agreed to a new deal that will keep Reid with the Timberwolves for the next five years, according to ESPN's Shams Charania. Reid, who has spent his entire six-year career in Minnesota, would have been a coveted free agent by other teams if he reached the market.
Reid gets a raise from his previous three-year, $42 million deal after developing into one of the best sixth men in the NBA over the past few seasons. Here's a breakdown of Reid's contract and what it means for Minnesota.
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Naz Reid contract details
- Years: 5
- Terms: $125 million
Reid and the Timberwolves reportedly agreed to a five-year, $125 million deal that includes a player option on the final season, according to Charania. Reid initially declined a $15 million player option for next season to be able to hit free agency, but instead he re-signs with Minnesota for more money on average.
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Naz Reid stats
- PPG: 14.2
- RPG: 6.0
- APG: 2.3
- SPG: 0.7
- BPG: 0.9
- FG%: 46.2%
- 3P%: 37.9%
- FT%: 77.6%
In 2024-25, Reid produced career highs in points, rebounds and assists per game, while playing a career-high 27.1 minutes per game off the bench. He won the Sixth Man of the Year award in 2023-24 and is one of the best bench players in the NBA.
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Timberwolves salary cap 2025
Here's a look at how the Timberwolves salary cap looks next year, per Spotrac, not including incoming rookies.
| Player | 2025-26 Salary | Contract expires |
| Anthony Edwards | $45.6 million | 2029 |
| Rudy Gobert | $35 million | 2028 |
| Julius Randle | $30.9 million (Player Option) | 2026 |
| Jaden McDaniels | $24.4 million | 2029 |
| Naz Reid | $21.4 million (Estimated) | 2030 |
| Donte DiVincenzo | $11.99 million | 2027 |
| Mike Conley | $10.8 million | 2026 |
| Rob Dillingham | $6.6 million | 2028 |
| Terrance Shannon Jr. | $2.7 million | 2028 |
| Luka Garza | $2.3 million | 2026 |
| Leonard Miller | $2.2 million | 2027 |
| Jaylen Clark | $2.2 million | 2026 |
| Josh Minott | $2.2 million | 2026 |
*Estimated*
With the signing, the Timberwolves are set to bring back their core from last season, as Nickeil Alexander-Walker is their only key free agent remaining. However, Julius Randle does have a player option for next year, and if he declines it, it would open up $30 million in cap space for the Timberwolves.
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