Naz Reid signs five-year contract extension to stay with Timberwolves

Reid declined his $15 million player option for next season, as expected, and "chose to stay with Minnesota despite a vibrant market developing of teams interested with similar money but with starting roles," per Charania. Despite the possibility that he remains the Wolves' sixth man next season if Julius Randle and Rudy Gobert remain on the roster, Reid isn't going anywhere.

A former undrafted free agent out of LSU who signed with the Wolves in 2019, Reid is Minnesota's longest-tenured player. He's been an important bench player for the Timberwolves across his six NBA seasons, but he really broke out in 2023-24, when he shot 41 percent from the three-point line and won the sixth man award. He followed that by averaging a career-high 14.2 points, 6 rebounds, and 2.3 assists this past season.

For his Timberwolves career, Reid has averaged 11.6 points and 4.9 boards in 406 regular season games, shooting over 37 percent from deep. He turns 26 this summer and is now locked in as a key piece of Minnesota's long-term core alongside Anthony Edwards and Jaden McDaniels.