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Timberwolves turn focus toward Andrew Wiggins extension

The Minnesota Timberwolves are keen to lock up guard Andrew Wiggins to ensure he is a cornerstone for their future.

Wiggins and the Timberwolves are engaged in contract negotiations on a five-year extension that could be worth nearly $150 million.

"We're working on it right now," Timberwolves coach and president of basketball operations Tom Thibodeau said Wednesday during a news conference to introduce Jamal Crawford.

Under the collective bargaining agreement, NBA teams can have two players on designated rookie-scale extensions. Such deals must be agreed to by one day before the start of the season.