MINNEAPOLIS (AP) — Karl-Anthony Towns is under contract for an additional six years, after agreeing to an extension on Friday to stay with the Minnesota Timberwolves.
Minnesota Timberwolves star Karl-Anthony Towns has agreed to a four-year, $224 million super max extension, his agent Jessica Holtz of @CAA_Basketball tells ESPN. The deal begins with the 2024-25 season and brings Towns’ total contract value to six years and $295 million.
— Adrien Wojnarowski (@wojespn) July 1, 2022
It’s a huge commitment from the Timberwolves, and one they’ve made as quickly as possible: Starting in 2024-25, Towns will earn $224 million over four years, and that’s on the heels of the $70 million he expects to win in the next two seasons.
The agreement was officially concluded on Friday morning. Under NBA rule, Towns and the Timberwolves had to wait until July 1 — and it was just after midnight in the East — to complete their deal.
Towns bounced back deftly in the 2021-22 season after a tough few years, when he was dogged by a wrist injury and beset by COVID-19 like so many other players. The virus also hit particularly close to home, when his mother died early in the pandemic in 2020 following the NBA hiatus.
The 26-year-old, entering his eighth NBA season, continued to diversify his offensive game under coach Chris Finch’s system and was more aggressive in getting the ball to the basket. His versatility was never more evident than when he won the 3-point shooting contest on All-Star Weekend, but he’s still a post player at heart.
The extension begins with the 2024-25 season. Towns made the All-NBA 3rd team, qualifying for the supermax deal.
Led by Towns, second-year phenom Anthony Edwards and point guard D’Angelo Russell, the seventh-seeded Timberwolves pushed the second-seeded Grizzlies to the brink in the first round of the Western Conference playoffs. before finally dropping in Memphis.
The 26-year-old became one of the most dominant offensive big men in the league during his eight years at Minnesota.
The first overall pick in 2015, Towns averaged 24.6 points, 9.8 rebounds and 3.6 assists in 33.5 minutes per game last season.
Over the final three games of Minnesota’s six-game loss to Memphis in the first round of the playoffs, Towns averaged 26.3 points, 12.0 rebounds and 1.3 blocks. During the regular season, he posted a career-high 60 points at San Antonio in 36 minutes on March 14.
By being voted All-NBA Third Team, Towns became eligible for another supermax contract, the second contract extension he has received from the Timberwolves since they drafted him first overall from Kentucky in 2015.