Sources: Wolves' Reid to sign 5-year, $125M deal

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Minnesota Timberwolves halfway Naz Reid intends to motion a caller five-year, $125 cardinal declaration to enactment with the franchise, sources told ESPN connected Friday.

The woody includes a subordinate enactment successful 2029-30, sources said.

This marks a captious re-signing statement betwixt the Wolves and Reid's agents, Sean Kennedy and Jeff Schwartz of Excel Sports. Contracts cannot beryllium officially signed until July 6.

Reid declined a $15 cardinal subordinate enactment for adjacent play and chose to enactment with Minnesota contempt a vibrant marketplace processing of teams funny with akin wealth but with starting roles.

The 2023-24 Sixth Man of the Year, Reid had different beardown play coming disconnected the seat for Minnesota, averaging a career-high 14.2 points and 6.0 rebounds successful 27.5 minutes per game. In 17 games arsenic a starter, helium averaged 18.3 points and 9.0 rebounds.

Reid, 25, has been a important portion of a Timberwolves squad that has made the Western Conference finals successful back-to-back seasons, helping to agelong the level arsenic a prolific 3-point shooter. He was 1 of conscionable 3 forward/centers to mean astatine slightest 5.8 3-point attempts per crippled past season, on with Kristaps Porzingis and Victor Wembanyama, and has changeable 39.5% from agelong scope implicit the past 2 seasons.

Reid besides is 1 of 3 players to people 2,000 points disconnected the seat implicit the past 3 seasons.

He signed a three-year, $42 cardinal woody successful 2023 with a subordinate enactment this summer. He has spent his full six-year NBA vocation with the Timberwolves aft joining the squad successful 2019 arsenic an undrafted escaped cause retired of LSU.

ESPN Research contributed to this report.

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