Karl-Anthony Towns has reportedly agreed to a four-year, $224 million supermax extension with the Timberwolves, according to ESPN’s Adrian Wojnarowski.
Towns’s deal starts in the 2024-25 season, bringing him to a total contract value of six years and $295 million, per Wojnarowski.
In securing his second All-NBA third team selection in May, Towns qualified for the league’s supermax extension. The three-time All-Star averaged 24.6 points and 9.8 rebounds per game while shooting 41% from beyond the arc during the regular season.
His contributions helped the Timberwolves earn only their second playoff appearance since the 2003-04 campaign.