Juan Hernangomez, Wolves finalizing three-year deal

After striking a deal with Malik Beasley on Friday, the Timberwolves are now finalizing an agreement with their other key restricted free agent, Juan Hernangomez.

According to Shams Charania of The Athletic (Twitter link), Hernangomez will sign a three-year, $21 million contract to remain in Minnesota. The deal will include a third-year team option, per Jon Krawczynski of The Athletic (Twitter link).

The 15th overall pick in the 2016 draft, Hernangomez spent the first three-and-a-half years of his career in Denver. Although he was a solid part of the Nuggets’ rotation in 2018-19, the 25-year-old saw his minutes cut back in ’19-'20 after the Nuggets added Jerami Grant. With not enough minutes to go around for Hernangomez and Beasley, they were sent to the Timberwolves at the deadline.

With an increased role, Hernangomez elevated his game after being traded from Denver to Minnesota, averaging 12.9 PPG with a .420 3PT% in 14 games as the Timberwolves’ starting power forward. That strong finish helped him earn a nice multiyear commitment from the Wolves in free agency.

It’s been an eventful week so far in Minnesota, where the Timberwolves drafted Anthony Edwards with the No. 1 overall pick on Wednesday, agreed to reacquire Ricky Rubio in a trade with the Thunder and now have secured commitments from their top two free agents.

While most of the top players on the free-agent market are now off the board, the Wolves do still have their exceptions available and could make an additional move or two.