The Timberwolves and Anthony Edwards agreed on a five-year designated rookie maximum deal on Monday, which could be worth around $260 million, ESPN’s Adrian Wojnarowski reported. His agents from WME Bill Duffy and Joe Branch reported the news first.
The 2020 No. 1 pick will earn $13.5 million in the upcoming season for his last year on his rookie deal. His new maximum deal will begin in the 2024–25 season.
“I’m humbled, appreciative and excited to remain in Minnesota as a part of this incredible Timberwolves organization,” Edwards said, via Wojnarowski. “It’s amazing to see where hard work can take you.”
