Karl-Anthony Towns has agreed to sign a four-year, supermax extension with the Timberwolves, agent Jessica Holtz tells ESPN’s Adrian Wojnarowski.
The deal will begin in 2024-25 and will be worth 35% of that season’s salary cap, with 8% raises in subsequent seasons. Since the ’24-25 cap figure isn’t yet known, neither is the amount of Towns’ extension, but Wojnarowski projects it to be worth about $224M over four years.
The signing is something of a no-brainer for a Minnesota club on the rise. Towns, still just 26, enjoyed something of a comeback season with Minnesota in 2021-22. Though his stats in recent years remained impressive, the team had been mired in middling lottery-bound purgatory for three straight seasons prior to 2022.
In 2022, the 6-foot-11 center made his first All-Star team since 2019 and his first All-NBA Team since 2018. Towns also won the NBA 3-Point Contest during the 2022 All-Star Weekend, a rarity for a big man. During 74 games last year, Towns averaged 24.6 PPG, 9.8 RPG, and 3.6 APG, with guard-like shooting splits of .529/.410/.822.
The three-time All-Star’s offensive prowess was a big reason the Timberwolves returned to their first playoff berth in four years. Led by Towns, second-year phenom Anthony Edwards and point guard D’Angelo Russell, the seventh-seeded Timberwolves pushed the second-seeded Grizzlies in a tough, physical first-round series. Minnesota would ultimately fall to Memphis in six games.
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