Jaden McDaniels agrees to $40 million Timberwolves extension through 2029-30

Jaden McDaniels agreed to a one-year, $40 million contract extension with the Minnesota Timberwolves on Monday, October 19, according to the Pioneer Press, which said a source confirmed the deal. The agreement keeps the forward under contract through the 2029-30 NBA season, adding a year to a deal that already had three seasons remaining.

RotoWire also reported the agreement, attributing it to ESPN’s Shams Charania. It said McDaniels, 26, would earn $124 million over the life of his deal. The new term gives Minnesota another season with a player the Pioneer Press describes as its main perimeter defender, while extending McDaniels’ contract horizon well before his existing deal was due to expire.

How McDaniels’ Timberwolves salary changes

The timing is unusual: McDaniels had three years left on his existing contract when he agreed to the additional season. HoopsHype insider Michael Scotto said he is the first NBA player to get an extension with that much time remaining on a non-max deal, according to the Pioneer Press. The newspaper also said McDaniels could become eligible for a three-year, $180 million maximum deal in 2028 if he and the team agree to one.

McDaniels’ role in Minnesota

McDaniels averaged 14.8 points last season, shooting 51% from the field and 41% from three-point range, according to the Pioneer Press. The newspaper described the 6-foot-10 wing as a defender who can also contribute as a cutter and outside shooter, giving context to Minnesota’s decision to secure another season of his services.

New Timberwolves point guard LaMelo Ball praised that range of skills on Monday. ‘I love Jaden,’ Ball said, according to the Pioneer Press, citing his ability to move, defend, cut to the basket and shoot threes. His comments came as McDaniels’ reported agreement set out the team’s longer-term commitment to the forward.