Overview

• Reid declined his $15 million player option and signed a five-year, $125 million extension featuring a player option for the 2029–30 season.
• The former undrafted free agent averaged career highs of 14.2 points and 6.0 rebounds per game off the bench and earned Sixth Man of the Year honors in 2023–24.
• The new contract aligns Reid’s tenure with other core contributors like Anthony Edwards, Rudy Gobert and Jaden McDaniels through the late 2020s.
• He chose to stay in Minnesota despite reported offers from teams such as the Detroit Pistons and Brooklyn Nets.
• Reid’s deal pushes the Timberwolves near the NBA’s second luxury-tax apron and likely forces a choice between retaining Julius Randle or Nickeil Alexander-Walker.