Timberwolves, Jaden McDaniels agree to 1-year, $40M contract extension

The Minnesota Timberwolves and forward Jaden McDaniels have agreed on a one-year, $40 million contract extension through the 2029-30 season, furthering their commitment to keeping the two-way standout as part of their long-term core.McDaniels has three seasons left on a five-year, $136 million contract he signed right before the 2023-24 season. This extension, which was first reported by ESPN on Monday night, was confirmed to The Associated Press by one of McDaniels' agents, Nima Namakian.The deal gives the Timberwolves another year of cost certainty in managing future salary caps around the next maximum contracts anticipated for star guards Anthony Edwards and LaMelo Ball. Jaden McDaniels of the Minnesota Timberwolves shoots the ball during the first half against the Indiana Pacers at Hilton Coliseum during a preseason game on Oct. 7, 2026, in Ames, Iowa. Tyler Clouse/Getty Images The extension also makes McDaniels eligible for