Timberwolves announce contract extensions for key veterans

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The Minnesota Timberwolves are wasting no time with the start of NBA free agency in less than a week, as the team has taken the first step in the league by agreeing to bring back center Naz Reed.

Reid was expected to attract a lot of interest on the open market after his best NBA season ever for the Timberwolves, but it appears both sides wanted something done before free agency begins next week.

According to ESPN’s Adrian Wojnarowski, the Timberwolves and Reid have agreed to a new three-year contract worth $42 million, with a player option for the final year.

Although Reid is not considered one of the elite players at the center position in the league, he is a solid option for any team and would have drawn a lot of interest if he had tested the free-agent waters.

That said, the Timberwolves have taken a solid step here in keeping their frontcourt as strong as last season, with Rudy Gobert’s backup center to stay in Minnesota for a while.

With the Timberwolves one of the few teams in the league looking to retain their core, the next major order of business is to sign rising star Anthony Edwards to a lucrative long-term deal.

Edwards is set to make $13.5 million next season, is a team option, and the consensus is that Minnesota doesn’t want him to go to free agency or even think about going elsewhere, as he’s one of the best young players in the NBA today. is one of the

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