Only a few days away from free agency, the Timberwolves successfully prevented their best free agent from hitting the market.
Minnesota and forward Naz Reid have agreed to a new deal that will keep Reid with the Timberwolves for the next five years, according to ESPN’s Shams Charania. Reid, who has spent his entire six-year career in Minnesota, would have been a coveted free agent by other teams if he reached the market.
Reid gets a raise from his previous three-year, $42 million deal after developing into one of the best sixth men in the NBA over the past few seasons. Here’s a breakdown of Reid’s contract and what it means for Minnesota.
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Naz Reid contract details
- Years: 5
- Terms: $125 million
Reid and the Timberwolves reportedly agreed to a five-year, $125 million deal that includes a player option on the final season, according to Charania. Reid initially declined a $15 million player option for next season to be able to hit free agency, but instead he re-signs with Minnesota for more money on average.
Timberwolves beat reporter Dane Moore explained more about the specifics of the deal.
If you are wondering how Naz Reid signed for more than his extension number, it’s because he did not sign an extension.
Reid opted out and was instead signed with Bird Rights. To have a salary next season of more than $19M, Reid could not sign an extension and had to be signed… https://t.co/1wGnu7xbQl
— Dane Moore (@DaneMooreNBA) June 28, 2025
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Naz Reid stats
- PPG: 14.2
- RPG: 6.0
- APG: 2.3
- SPG: 0.7
- BPG: 0.9
- FG%: 46.2%
- 3P%: 37.9%
- FT%: 77.6%
In 2024-25, Reid produced career highs in points, rebounds and assists per game, while playing a career-high 27.1 minutes per game off the bench. He won the Sixth Man of the Year award in 2023-24 and is one of the best bench players in the NBA.
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Timberwolves salary cap 2025
Here’s a look at how the Timberwolves salary cap looks next year, per Spotrac, not including incoming rookies.
| Player | 2025-26 Salary | Contract expires |
| Anthony Edwards | $45.6 million | 2029 |
| Rudy Gobert | $35 million | 2028 |
| Julius Randle | $30.9 million (Player Option) | 2026 |
| Jaden McDaniels | $24.4 million | 2029 |
| Naz Reid | $21.4 million (Estimated) | 2030 |
| Donte DiVincenzo | $11.99 million | 2027 |
| Mike Conley | $10.8 million | 2026 |
| Rob Dillingham | $6.6 million | 2028 |
| Terrance Shannon Jr. | $2.7 million | 2028 |
| Luka Garza | $2.3 million | 2026 |
| Leonard Miller | $2.2 million | 2027 |
| Jaylen Clark | $2.2 million | 2026 |
| Josh Minott | $2.2 million | 2026 |
*Estimated*
With the signing, the Timberwolves are set to bring back their core from last season, as Nickeil Alexander-Walker is their only key free agent remaining. However, Julius Randle does have a player option for next year, and if he declines it, it would open up $30 million in cap space for the Timberwolves.
