Karl-Anthony Towns has reportedly signed a supermax extension. The Timberwolves have offered Towns a four-year, $224 million extension that will not take effect until the 2024-2025 season. Over the next six seasons, Towns’ playing contract will be just shy of $300 million.
ESPN’s Adrian Wojnarowski reported the news via Twitter on Friday.
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.
— Adrian Wojnarowski (@wojespn) July 1, 2022
In 2015, the Timberwolves picked Towns with the first overall selection in the NBA Draft. He has been with Minnesota ever since. His accolades since arriving include three NBA All-Star appearances, a Rookie of the Year award in 2016, and, most recently, a win in the Three-Point Contest in 2022.
Minnesota made it back to the playoffs in 2022 for the second time since Towns arrived. He played 74 games last season, scoring 24.6 points and grabbing 9.8 rebounds per game. This was the first year of Towns’ career in which he did not average a double-double (points and rebounds), and came just 0.2 rebounds of doing it again, even so.
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