The Minnesota Timberwolves made sure to lock up Naz Reid ahead of the NBA free agency period.
The Timberwolves center has reportedly agreed to a five-year deal worth $125 million. According to ESPN’s Shams Charania, the deal includes a player option on the final year. Reid had a $15 million player option for the 2025-26 season, which he is declining to sign the new terms.
The agreement was made just days before June 30, which is when teams can begin negotiating contracts with all free agents.
> Just in: Minnesota Timberwolves' Naz Reid intends to sign a new five-year, $125 million contract to stay with the franchise, including a player option, sources tell ESPN. Critical agreement between the Wolves and Reid's agents, Sean Kennedy and Jeff Schwartz of Excel Sports. [pic.twitter.com/FF9MjGvwb9](https://t.co/FF9MjGvwb9)
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> — Shams Charania (@ShamsCharania) [June 28, 2025](https://twitter.com/ShamsCharania/status/1938762224375566459?ref_src=twsrc%5Etfw)
The move raises questions about the Timberwolves’ likelihood of keeping Julius Randle. Like Reid, Randle has a player option for next season that he is widely expected to decline.
If Minnesota signs Randle, the team would be committing close to $100 million in annual salary to their frontcourt trio of Reid, Randle, and Rudy Gobert. If the T-Wolves decide to move on from Randle, Reid will likely become a full-time starter for the first time in his six-year NBA career.
Reid was a vital part of the Timberwolves’ continued success in the 2024-25 campaign, particularly after the team traded away Karl-Anthony Towns in the 2024 offseason.
The 25-year-old big man averaged a career-high 14.2 points last season to go along with 6.0 rebounds and 2.3 assists coming off Minnesota’s bench. He was also named Sixth Man of the Year for the 2023-24 season.