Timberwolves Extend Jaden McDaniels for $40 Million

The Minnesota Timberwolves have agreed to a one-year, $40 million contract extension with forward Jaden McDaniels, according to information provided by his agents to ESPN. The agreement keeps McDaniels under contract through the 2029-30 NBA season and brings his reported total salary over the next four years to $124 million. McDaniels’ agents, Nima Namakian and Bill Duffy, confirmed the agreement in reporting published October 20. The deal adds one season to his existing contract, which had three guaranteed years remaining and was reported to be worth about $84 million. The contract filing was not included in the reports. The extension is notable for its structure: McDaniels accepted one additional year rather than a longer extension, while securing $40 million for the 2029-30 season. NBA reporter Michael Scotto said McDaniels is the first player in league history to sign an extension with three fully guaranteed seasons remaining on a nonmaximum contract. That distinction is attributed to Scotto’s reporting. The new contract also changes McDaniels’ potential options later in his career. Reports say he can become eligible to negotiate another extension in 2028. If he reaches...