T-Wolves sign Jaden McDaniels to 5-year, $136M extension

The Minnesota Timberwolves agreed to a five-year, $136-million contract extension with forward Jaden McDaniels, his agents told The Athletic’s Shams Charania and Jon Krawczynski.

Along with the lucrative contracts of Anthony Edwards, Karl-Anthony Towns, and Rudy Gobert, the deal means the Timberwolves will be in the luxury tax this season for the first time in nearly 20 years, Charania adds.

McDaniels was selected 28th overall in the 2020 NBA Draft by the Los Angeles Lakers before being traded to the Timberwolves.

The Washington product is noted for his defensive abilities on the hardwood. McDaniels averaged 12.1 points, 3.9 rebounds, and 1.9 assists during his 2022-23 campaign. He also shot 39.8% on 3-pointers.