The Timberwolves did not announce terms of the deal, but owner Glen Taylor told The Associated Press in August that he offered Wiggins a five-year, $146.5 million extension. "I'm very excited to continue my career with the Timberwolves," Wiggins said in a statement released by the team. "I love it here. The fans and organization have supported me from my first day here in Minnesota. I want to thank Glen Taylor, Tom Thibodeau, the entire coaching staff and my teammates for believing in me. We've had some good times over the last three seasons, but the best is yet to come. I look forward to doing right by them and bringing this team to the postseason."
Shams Charania: Andrew Wiggins' Minnesota final extension terms: five-year, $146.5M max deal -- with no player option, league source tells The Vertical.
Bobby Marks: The Andrew Wiggins $25.3M salary next season will rank 6th among small forwards. LeBron James, Gordon Hayward, Carmelo Anthony, Otto Porter and Kevin Durant round out the top 5.
The Minnesota Timberwolves announced the team has signed forward Andrew Wiggins to a multi-year contract extension. Per team policy, terms of the contract agreement were not released. Wiggins, 22, registered a career-high 23.6 points, 4.0 rebounds, 2.3 assists and 37.2 minutes in 82 games last season, making a career-best 103 three-pointers on a career-high 35.6% shooting percentage from beyond the arc. Wiggins averaged 26.0 points over the final 30 games in 2016-17, including 28.3 ppg in eight April starts. The 6-8 forward registered five 40+ point games a season ago, including a career-best 47-point performance on November 13 vs. the Los Angeles Lakers.
TJ McBride: Andrew Wiggins got 5-years, $148 million. That is DOUBLE the extension that Gary Harris got at 4-years with a minimum of $74 million.
Wiggins, the former No. 1 pick who averaged a career-high 23.6 points per game in his third season, has yet to pick up the pen as the Oct. 16 extension deadline nears. “I’m just taking it day by day, you know?” Wiggins told USA TODAY Sports on Saturday. “There’s no rush to do it, yet. I’ve still got some time before the day before that first game.”
When asked if he had any doubts about Minnesota being the place for him, he said, “This is definitely where I want to be; definitely where I want to be.” And when asked if he would eventually sign the deal, he said, “Ah, eventually. I’m just going to take it day by day. There’s no rush to do it. We’re going through preseason and I’m all the way here in China.”
When he does sign, it will change his life, even if he is correct that it won’t change him. “It’s an unbelievable feeling, it gives you financial freedom,” veteran teammate Jamal Crawford said about an athlete signing his first mammoth contract. “Then you start thinking about generations. It’s not about you anymore. You’re able to set up your grandkids, your mom, your dad, other family members you care about. It just gives you a freedom, a peace so you can concentrate on the task at hand and be the ultimate professional.”
In his typical, laid-back fashion, Wiggins is greeting the life-changing money with a shrug of the shoulders and a "what's the big deal?" Even though training camp is set to begin on Saturday and the Timberwolves will depart for a preseason exhibition tour in China a week later, Wiggins is in no hurry to finalize the extension and get it off of his plate. "We've got until a day before the regular season," Wiggins said Friday. "So there's not really no rush or anything. I feel really good about it."
The process has been muddled by Wiggins' decision to part with agent Bill Duffy and BDA Sports in August. Players change agents all of the time, but the fact that this move came with a megadeal on the verge of agreement made it a little unique. The ensuing confusion pushed negotiations back and Duffy is taking steps to ensure he receives a commission on the deal, given his significant role in shaping it. "Me and Bill, we were good. Nothing against him at all," Wiggins said. "It was more from a business point of view from my end. They did nothing but good by my side. I've got nothing but positive words for them. I'm just taking it day by day."
Jon Krawczynski: Wiggins says he's operating without an agent. Leaning on family and a tight circle as he navigates this situation
Minnesota Timberwolves forward Andrew Wiggins is progressing toward a five-year, $148 million maximum contract extension and is hopeful to sign soon, sources told The Vertical.
The Timberwolves prioritized extending Wiggins this offseason, and both sides are hopeful of completing the contract shortly, league sources told The Vertical. Minnesota owner Glen Taylor told a Minnesota TV station this week that he expected to complete a deal with Wiggins before the team started training camp Saturday. Wiggins’ previous agent, Bill Duffy, negotiated a maximum contract with the Timberwolves this summer before the sides parted ways.
October 16 is the deadline for teams to sign eligible players from the 2014 draft class to rookie-scale extensions before they hit restricted free agency next summer. There have already been multiple reports that the Wolves and Sixers will look to ink their young stars, and multiple league sources have told me they expect Andrew Wiggins to sign once he gets his new agency in order. Joel Embiid’s fate is less clear, considering his significant injury history.
Jon Krawczynski: On Wiggins changing agents: deal is not in jeopardy but he has to wait two weeks to sign it after changing agents under CBA rules
Jon Krawczynski: Remember: Taylor didn't just want to hear from Wiggins, he wants a frank convo on the expectations that come w/ a deal
Darren Wolfson: Buzz on Wiggins splitting w/ Duffy: he'll land w/ an agent from Canada who works for a big U.S. agency. Max deal shouldn't change. #Twolves
After agent Bill Duffy negotiated a five-year, $148 million maximum contract extension for forward Andrew Wiggins with the Minnesota Timberwolves, it is unclear how quickly Wiggins will sign the deal after he filed papers to sever ties with his representation at BDA Sports.
Minnesota management sent Duffy and Wiggins a contract for a rookie extension deal, but Wiggins filed paperwork Tuesday with the National Basketball Players Association to terminate his relationship with the agency, Duffy told ESPN.
Duffy, the chairman of BDA Sports and one of the league's most prominent player agents, told ESPN on Tuesday that he had recently been made aware of rival agencies and potential start-up enterprises who were recruiting Wiggins with inducements that included no commission fees on contracts.
Minnesota Timberwolves owner Glen Taylor said Monday that he is ready to commit nearly $150 million to Andrew Wiggins with a max-level extension of his rookie contract. Before he does so, Taylor wants to sit down face-to-face with Wiggins to hear the former No. 1 overall pick commit to the franchise in a similar fashion.
Taylor spoke with Wiggins when the two attended assistant coach Ryan Saunders' wedding in July, but the owner is looking for a little more substance before they close the deal. Wiggins' agent, Billy Duffy of BDA Sports, is expected to arrive in town next week to continue the discussions, and a five-year, $148 million extension could happen soon after.
Taylor said he wants to hear a commitment from Wiggins to work out often in the Twin Cities in the summer and improve all areas of his game to fulfill the obligations that come with a max deal. "I just think it's important," Taylor said. "If a guy is a real star and he really cares about it, which I think he does, I think it's a commitment. I'm not sure that he wouldn't do it anyway. But I think that's part of the negotiations."
Timberwolves owner Glen Taylor reiterated on Friday that the team is working on signing forward Andrew Wiggins to a five-year maximum contract extension, saying that those discussions are in the early stages. “First of all, I think he likes it here, we like him, he can get the very best contract from me, better than he can get from anyone else,” Taylor, who also owns the Star Tribune, said in Mankato. “I don’t think we have any trouble of offering him the max anyway.”
Asked about the details of Wiggins’ contract, Taylor said there isn’t much to negotiate, because Wiggins will get a maximum deal in the range of $150 million. “We’re not really negotiating anything like that [money],” Taylor said. “There shouldn’t be any problem.”
Taylor said that the Wolves’ plans involve extending Wiggins now and Karl-Anthony Towns next year. “We are talking to [Wiggins’] agent right now about extending him out another five years, so we can do that,” Taylor said. “Karl, we won’t do that until next year. Wiggins, we want to sign him to a long-term contract, we want to keep him here, and we’re negotiating with his agent. But we just started that negotiation, and we have quite some time to get that done.”
While Wiggins said that he is taking a “day by day” approach to the contract discussions, he didn’t waver when asked whether he was worthy of a max contract, which could reach $148 million over five years with a starting salary of $25.5 million. “I definitely do,” Wiggins told The Crossover. “Nothing less.”
Andrew Wiggins: I'm worth 'nothing less' than a max contract. Jon Krawczynski: Wolves have been aware these are the parameters for some time. twitter.com/thecrossover/s…
The 2014 No. 1 pick arrived in Minnesota prior to his rookie season thanks to a summer trade with Cleveland. Kyrie Irving’s reported trade request has sparked speculation that the Timberwolves might trade Wiggins back to the Cavaliers in a deal for the All-Star point guard, but Wiggins refused to take questions on trade scenarios and maintained that he wants to play in Minnesota next season. Wiggins also spoke optimistically of his new pairing with Butler, saying that he felt the two scoring-minded wings would “complement each other’s game and make each other better,” and said that he has been placing special emphasis on his three-point shooting and ball-handling this summer.
Wiggins is eligible to sign one of two five-year maximum "designated" extensions the Wolves are allowed by the league's new labor agreement for players on their rookie contracts. The Wolves have until October to complete a negotiation that shouldn't take all that much negotiating if Wiggins accepts a contract that's expected to approach $150 million. "We're working on it right now," Wolves coach/president of basketball operations Tom Thibodeau said Wednesday.
The good news is that the Timberwolves will need to make only one phone call for extension dialogue with Wiggins and LaVine because they have the same representative in agent Bill Duffy. But the players have different circumstances. LaVine is recovering from right ACL surgery in mid-February, and the Timberwolves need to measure their comfort level in giving Wiggins a max-level contract.
So the Wolves’ primary focus will be on free-agent acquisitions and making decisions on whether to extend third-year players Andrew Wiggins and Zach LaVine. Those two are under contract through the 2018-19 season, but in those seasons they would be restricted free agents, and it might be smarter to try and get extensions done now. “We might have to address Wiggins and Zach during this summer to extend their contracts but we could wait two years and Towns would be one year after that,” Taylor said. “It’s something we can start negotiating with them this year but we don’t have to.”
August 6, 2021 | 12:37 am EDT Update
Goodwill made mention of the New York Knicks’ calculated moves, in how they coallign with a potential Lillard deal, should his relationship with the Blazer go awry. In providing his own outlook on the situation, Haynes had this to say. “I expect Damian Lillard to go and play for the Portland Trail Blazers. I expect him to try out this roster. I believe he wants to give Chauncey Billups a chance. And I think he’s going to go there, give the roster a shot. And Portland’s probably still not done. You know, I’m hearing Paul Millsap, a guy they’re looking at. I’m hearing Kelly Oubre, who’s still on the market, a guy that they’re looking at, so they’re still not done. But I expect Dame to go out there next season, play, see how things materialize, and go from there.
And then you Damian Lillard, who’s been as public as he’s ever been in stating his dissatisfaction with the way things are going with the team and the roster construction. And then you bring on these players, who I’m not saying, you know, Norman Powell they had to re-sign. Five years, they had to. You couldn’t let him go. But outside of that, there wasn’t much done that I think moves the needle. And you brought up that New York angle, you know, from all accounts of what we’re hearing, definitely, the Knicks have an eye on Damian Lillard, so we’ll see what happens from there.”
August 6, 2021 | 12:27 am EDT Update
Free agent wing Kelly Oubre Jr. and the Charlotte Hornets are finalizing an agreement on a multiyear deal, league sources told Yahoo Sports. The final numbers are still being ironed out, but his annual salary is expected to exceed $12 million, sources said.
NBA Top Shot will sell highlights from the upcoming Summer League basketball competition as non-fungible tokens for the first time, it said on Tuesday. The NFTs will feature outstanding play “moments” from three days of games at the NBA Summer League meet in Las Vegas, those on August 8-10. Fans will be able to pre-order the $5 moments from a kiosk at the venue. “For the first time ever, NBA Top Shot fans will have the ability to purchase a moment in an arena, and receive a moment from a game they saw in-person,” the company said in its statement.
NBA Top Shot is one of the biggest NFT marketplaces, recent data shows. In the month to August 4, it hosted 109,351 traders and carried out 671,149 sales, according to DappRadar. However, those tallies were down month-on-month by 35.15% and 53.39%, respectively.