Another one of the largest dominoes for the Minnesota Timberwolves this offseason has fallen. It was announced on Monday that the team had officially agreed to a new long-term deal with Anthony Edwards, a transaction Wolves fans had been waiting on since the minute free agency began last week.
Minnesota will be inking Edwards to a five-year deal worth $207 million, a number that can grow to $260 million if Ant is selected to an All-NBA team. Should he do so, Edwards’ contract would join a short list of the richest contracts in NBA history.
It is a well-deserved deal, and Timberwolves management has to be thrilled to officially have their franchise player back on board for five more years. And even despite the huge number on Anthony Edwards’ contract, this signing represents a massive win for everyone in the Twin Cities.
Anthony Edwards’ new contract is a massive win for the Minnesota Timberwolves.
It is certainly easy to look at a contract north of $200 million and think that some sort of overpay took place. But in reality, it is quite the opposite in the case of Anthony Edwards. The 21 year old has been the Timberwolves’ best player for quite some time, and it is clear that he represents the future for this franchise.
Players like Edwards do not grow on trees. They are one of a kind, generational talents, and the Timberwolves knew they had something special the moment they landed the top pick in the 2020 NBA Draft Lottery. In a place like Minnesota where top talent is not scrambling to sign with you in free agency, taking care of your homegrown talent is of the utmost priority.
That is why Anthony Edwards’ massive new contract is worth every penny, and can even be considered a steal. Not to mention the reality that contracts in the NBA will continue to grow, and five years from now a $200 million deal will likely not seem quite as daunting as it does now.
Now, as the 2023-24 season approaches, the Minnesota Timberwolves can go forth with their superstar guard leading the way. As soon as an extension with Jaden McDaniels is reached as well, the Wolves will have ensured the future is bright for years to come.