Karl-Anthony Towns is tipping-off NBA free agency by signing an enormous contract extension.
As the clock struck midnight to start the month of July, Towns put pen to paper on a $224 million supermax contract extension with the Minnesota Timberwolves. The deal begins with the 2024-25 season and increases his contract terms to six years and $295 million.
Towns is the second member of Kentucky’s 2015 draft class to sign a supermax contract extension this offseason. Devin Booker signed a four-year extension worth $214 million on the same day he was named cover athlete for NBA 2K23.