On June 28 , according to ESPN's famous reporter Shams Charania, the Minnesota Timberwolves and forward Naz Reid officially completed the contract extension, and the two sides signed a new 5-year contract worth a total of $125 million. The 2023-24 NBA best sixth man finally chose to reject the original $15 million player option and firmly stayed in Minnesota despite attracting the interest of multiple teams.

The 25- year-old Reed has continued to show growth and stability in the past season and is one of the important pieces of the Timberwolves' journey to the 2024-25 Western Conference Finals. Sources pointed out that although many teams have been chasing him fiercely in the free market, Reed himself has always been inclined to renew his contract with the Timberwolves and continue his partnership with star player Anthony Edwards , striving to achieve higher honors.

According to the new contract arrangement, Reed's annual salary will increase year by year, with a salary increase of more than 5 million US dollars in the first season . In the last year of the contract, he still retains the player option to ensure future flexibility.

In the regular season last season, Naz Reed played in 80 games, averaging 14.2 points, 6.0 rebounds, 2.3 assists, 0.7 steals and 0.9 blocks per game, with an excellent three-point shooting percentage of 37.9% . In the playoffs, he still showed his value, averaging 10.4 points, 4.7 rebounds, 1.7 assists, 0.7 steals and 0.9 blocks in 15 games , and his outside shooting percentage increased to 39.7% , playing a key role in the role of a space-type inside player.

This contract extension not only means that the Timberwolves have locked in one of their forward cores, but also continues the stability of the lineup that reached the Western Conference Finals last season. Led by Karl - Anthony Towns and Edwards, Naz Reid 's stay will undoubtedly provide a solid guarantee for the Timberwolves to continue their goal of reaching the Finals.

This move also shows that the Timberwolves management is determined to invest more in the core lineup and build stable competitiveness after clarifying the direction of team building. As the Western Conference becomes increasingly competitive, Reed's contract extension may become a key link in the Timberwolves' long-term championship journey.