Edwards Contract Extension Worth Up to $260 Million
Five-Year Deal with Timberwolves
Base Salary of $35.25 Million for 2024-25 Season
In a major move, the Minnesota Timberwolves have signed guard Anthony Edwards to a five-year contract extension worth up to $260 million. The deal, which was finalized in 2023, will keep Edwards with the team through the 2027-28 season.
According to the details of the contract, Edwards will earn a base salary of $35.25 million in the 2024-25 season. He will also carry a cap hit of $35.25 million and a dead cap value of an undisclosed amount.
The signing of Edwards to a long-term deal is a significant investment by the Timberwolves, who are betting on the continued growth and development of the young star. Edwards, who was selected first overall by Minnesota in the 2020 NBA Draft, has emerged as one of the most promising young players in the league.
In the 2022-23 season, Edwards averaged 24.7 points, 6.0 rebounds, and 4.6 assists per game. He also led the Timberwolves to their first playoff appearance since 2018.
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