The Minnesota Timberwolves were not coy about it. The franchise has been held together by NBA star center Karl-Anthony Towns for the past seven seasons, and all of that hard work and effort has finally paid off. The Minnesota Timberwolves and their star center have reached an agreement on a four-year super-max extension. The news was reported by ESPN’s NBA Insider Adrian Wojnarowski and was based on information that he received from Town’s agent, Jessica Holtz of CAA Basketball.
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
How does that all break down? For the answers to that question, we turn to the Minnesota Timberwolves cap expert, Dane Moore, who continues to break down the Timberwolves’ salary cap situation for the team’s roster, and he is doing it on the fly. Hat’s off to him.
Wolves cap sheet after the Kyle Anderson signing.
— Dane Moore (@DaneMooreNBA) July 1, 2022
- Roster is full at 15 (need to trade to add)
- Currently $8.8M below the tax (could add $ in trades)
- $28M below the cap for next offseason, but can still get to max space fairly easily (Beasley option, Prince non-guarantee) pic.twitter.com/sbbxvpa1BP
With the Timberwolves roster now filled with 15 players, the team is all but done with roster moves for the time being. Well, signing free agency roster moves, that is.
The Timberwolves are still looking for a center to protect the rim, work the backboards, and backup newly extended center Karl-Anthony Towns. While there has been no reported progress on an imminent deal between the Indiana Pacers and Minnesota Timberwolves regarding trade talks for center Myles Turner, rumors have continued to persist that talks are continuing.