The Timberwolves and Naz Reid are in agreement on a new contract, according to Shams Charania of ESPN, who reports (via Twitter) that the veteran forward intends to sign a five-year, $125MM contract to remain in Minnesota.
Reid held a player option worth approximately $15MM for the 2025/26 season, but will turn down that option in advance of Sunday’s deadline in order to finalize his new deal with the Wolves in July. According to Charania, the new contract will also feature a player option on the final year.
After winning the NBA’s Sixth Man of the Year in 2023/24, Reid had another strong showing for the Timberwolves in ’24/25, matching or exceeding his stats from the previous season in several key categories. The 25-year-old averaged 14.2 points, 6.0 rebounds, and 2.3 assists in 27.5 minutes per game across 80 outings (17 starts).
Reid has made 39.5% of 5.4 three-point attempts per game over the past two seasons, which has made him a valuable floor-spacer in Minnesota’s frontcourt alongside center Rudy Gobert. Lineups featuring Reid and Gobert outscored opponents by 11.8 points per 100 possessions last season, the highest mark of any of the team’s top 25 most frequently used duos.
More to come…