The Minnesota Timberwolves and forward Jaden McDaniels have agreed to a one-year, $40 million extension, ESPN’s Shams Charania reports.
The deal keeps McDaniels under contract through the 2029-30 season.
McDaniels is set to play this season on the third year of a five-year, $131 million contract. His $40 million salary in 2029-30 will be a raise of $13.8 million over the average annual value of that deal. McDaniels, 26, will be 30 years old at the conclusion of his newly structured contract.
This story will be updated.