Sports · Basketball · 1 hr ago
Timberwolves and Jaden McDaniels Agree to $40 Million Extension
The Minnesota Timberwolves agreed to a one-year extension with forward Jaden McDaniels worth $40 million.
The agreement was announced on October 20, 2026.
The extension covers the 2029/30 season, because McDaniels already has three years left on his current contract.
His existing deal is worth $84 million over those three years.
The new deal brings his salary over the next four seasons to $124 million.
McDaniels had to sign an extension by Monday to do so during the 2026/27 league year, since he has multiple guaranteed years remaining.
The agreement secures his salary for the 2029/30 season.
The Minnesota Timberwolves and forward Jaden McDaniels agreed to a one-year contract extension worth $40 million.
The extension applies to the 2029-30 season and keeps McDaniels under contract through that season.
With the extension, Minnesota has $124 million committed to McDaniels over the next four seasons.
McDaniels could negotiate another extension as early as 2028 or enter free agency in the summer of 2030.
He averaged career highs of 14.8 points and 51.5% shooting in the 2025-26 season, according to ESPN.
- Who
- The Minnesota Timberwolves and forward Jaden McDaniels.
- What
- They agreed to a one-year extension worth $40 million, covering the 2029-30 season.
- When
- The agreement was reported on October 19, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Minnesota selected McDaniels with the No. 28 overall pick.
McDaniels signed a five-year, $136 million deal.
McDaniels averaged career highs of 14.8 points and 51.5% shooting, according to ESPN.
The Timberwolves and McDaniels agreed to a one-year, $40 million extension.
- Extension value
- $40 million
- Extension term
- One year, covering 2029-30
- Total committed salary
- $124 million over the next four seasons
- Career-high scoring average
- 14.8 points per game in 2025-26
- Draft selection
- No. 28 overall in 2020
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Minnesota Timberwolves All-Defense forward Jaden McDaniels has agreed to a one-year, $40 million extension that will keep him under contract through the 2029-30 season, agents Nima Namakian of Innovate Sports and Bill Duffy of WME Basketball tell ESPN.