Naz Reid is looking to stay with the Minnesota Timberwolves. The new deal indicates how much the Timberwolves value the big man as part of their future. The team worked with Reid’s agents, Sean Kennedy and Jeff Schwartz of Excel Sports, to finalize the deal before free agency began.
Reid had a majestic season in 2024-25. He averaged 14.2 points, 6.0 rebounds, and 2.3 assists across 80 games and made 17 starts. His strong performance off the bench forced the team to reach the Western Conference finals for the second straight year. After turning down his $15 million player option, Reid was likely to remain a top free agent, but his team did not let that happen.
According to ESPN’s Shams Charania, the Timberwolves’ reliable player plans to sign a five-year $125 million contract to remain with the team. The deal includes a player option and keeps locked in the 2024 Sixth Man of the Year with the franchise.
Just in: Minnesota Timberwolves' Naz Reid intends to sign a new five-year, $125 million contract to stay with the franchise, including a player option, sources tell ESPN. Critical agreement between the Wolves and Reid's agents, Sean Kennedy and Jeff Schwartz of Excel Sports. pic.twitter.com/FF9MjGvwb9
— Shams Charania (@ShamsCharania) June 28, 2025
As Reid will likely stay, Minnesota will focus on its other key presence. They will look for Julius Randle, who has until June 29 to decide on his $30.9 million player option, and Nickeil Alexander-Walker is entering free agency with interest from multiple teams.
Will The Minnesota Timberwolves Cost Their Vital Asset?
The Minnesota Timberwolves secured a significant piece of their core as Naz Reid re-signed with them for a five-year contract extension. However, this move could lead them to setbacks. Guard Nickeil Alexander-Walker, who was a significant part of the Timberwolves’ recent playoff runs, will leave in free agency.
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Alexander-Walker averaged 9.4 points, 3.2 rebounds, and 2.7 assists. At the same time, he shot 38.1 % from three. After making $4.3 million last season, he is expected to take a much bigger contract elsewhere.
Although this was not officially announced until now, if the vital part leaves, Minnesota will suffer a significant loss.
