The cap hit on the Karl-Anthony Towns rookie max extension is: $27.25M, $29.43M, $31.61M, $33.79M and $35.97M. Towns will be subject to the poison pill restriction this season and the extension will begin in 2019-20. For trade purposes, $7.8M (last year of his rookie contract) is used for outgoing salary and $27.6M (the average of the current salary and max extension) for the purposes of determine incoming salary.
Albert Nahmad: Wolves lock in Karl-Anthony Towns for the next 6 years. He can be a free agent again in the summer of 2024, as 9-year veteran at age 28, unless he signs an extension before that. If he meets the criteria, he will be eligible for a Designated Veteran Player Contract/Extension.
Jon Krawczynski: In reporting with @Shams Charania, told KAT’s deal does include a trade kicker. Huge for the Wolves to lock him in.
In a deal that cements him as the franchise’s long-term cornerstone, Minnesota Timberwolves All-Star center Karl-Anthony Towns has agreed to a five-year, $190 million super-maximum extension, league sources told ESPN.
The super-max deal includes the ability for Towns to earn 30 percent of the Timberwolves’ salary cap with the fulfillment of reaching one of the three All-NBA teams, or being voted league MVP or Defensive Player of the Year once in the next two years.