The **Timberwolves** and forward **[Jaden McDaniels](https://www.basketball-reference.com/players/m/mcdanja02.html?utm_medium=linker&utm_source=www.hoopsrumors.com&utm_campaign=2026-10-19_bbr)** have reached an agreement on a one-year veteran contract extension worth $40MM, agents **Nima Namakian** and ****Bill Duffy**** tell Shams Charania of ESPN ([Twitter link](https://x.com/ShamsCharania/status/2112357775900856372)).
McDaniels was already under contract for three years and $84MM, so his new extension will apply to the 2029/30 season, bringing his total salary over the next four seasons to $124MM. Because he has multiple guaranteed years left on his current deal, Monday was the deadline for him to sign an extension during the 2026/27 league year.
More to come…