Karl-Anthony Towns agrees to supermax contract extension with Timberwolves

Adrian Wojnarowski: Minnesota Timberwolves star Karl-Anthony Towns has agreed on a four-year, $224M super max extension, his agent Jessica Holtz of @CAA_Basketball tells ESPN. Deal begins with the 2024-25 season and delivers Towns’ total contract value to six years and $295M.
Source: Twitter @wojespn

What’s the buzz on Twitter?

Bobby Marks @BobbyMarks42
Here are the numbers for Devin Booker and Karl-Anthony Towns:
24/25- $50M
25/26- $54.1M
26/27-$58.1M
27/28- $62.1M
Both cannot be traded for 1 season – 12:03 AM

Jon Krawczynski @JonKrawczynski
Extension time in Minnesota: Karl-Anthony Towns will sign the four-year, $214 million extension that will lock him up in Minnesota for the next six years. – 12:01 AM

Adrian Wojnarowski @wojespn
Minnesota Timberwolves star Karl-Anthony Towns has agreed on a four-year, $224M super max extension, his agent Jessica Holtz of @CAA_Basketball tells ESPN. Deal begins with the 2024-25 season and delivers Towns’ total contract value to six years and $295M. – 12:00 AM

Dane Moore @DaneMooreNBA
Timberwolves current cap sheet, using the new salary cap figures.
– Karl-Anthony Towns’ supermax extension (which he is currently eligible to be offered): 4 years, $213,669,792
– Anthony Edwards max extension (eligible to be offered in 12 months): 5 years, $197,590,050 pic.twitter.com/e6rTu8vrj9 – 8:14 PM

Dane Moore @DaneMooreNBA
Chris Finch, today, on hoping to work out a contract extension for Karl-Anthony Towns.
Towns is eligible to sign a 4-year, $211 million supermax contract, which would extend in addition to the two years and $70 remaining on his current contract (6 years, $280.8 million total). pic.twitter.com/nwNtnHoEIj – 12:54 PM

Jon Krawczynski @JonKrawczynski
The Timberwolves still have some holes to fill when free agency opens on Thursday. But first: Karl-Anthony Towns theathletic.com/3386564/2022/0… – 9:31 AM

More on this storyline

 

Marc Stein: Denver’s Nikola Jokic, Phoenix’s Devin Booker, Minnesota’s Karl-Anthony Towns and Memphis’ Ja Morant are all expected to verbally seal mammoth contract extensions soon after 6 PM ET tonight … for those tracking notable sidebars to the Kevin Durant Requests A Trade blockbuster. -via Twitter @TheSteinLine / June 30, 2022

Finch on Tuesday seemed to believe working out an extension was not going to be a huge obstacle. “I think it’s all of our hopes, really,” Finch said. “We know he’s happy. We were extremely happy for him, for All-NBA and the ability to have this extension. I know he worked hard for it. I know he’s excited, so I think it’ll be a good moment, special moment for him and for this organization.” President Tim Connelly has spoken about wanting Towns to remain in a Wolves uniform for a long time. “I hope he’s here forever,” Connelly said. “I hope we have the type of team success that would allow us to look up and see Karl’s jersey being hung up in the rafters.” -via Minneapolis Star-Tribune / June 29, 2022

Because he was voted third-team All-NBA this season, Towns is eligible for an extension of up to four years and roughly $211 million. “I can’t wait to sit down with him and his representation ASAP and keep this thing going,” Connelly told The Athletic in a conversation not long after he was hired away from the Denver Nuggets. “He’s special and deserves everything that is going to come his way.” -via The Athletic / June 28, 2022