Minnesota Timberwolves center Naz Reid intends to sign a new five-year, $125 million contract to stay with the franchise, sources told ESPN on Friday.
The deal includes a player option in 2029-30, sources said.
This marks a critical re-signing agreement between the Wolves and Reid's agents, Sean Kennedy and Jeff Schwartz of Excel Sports. Contracts cannot be officially signed until July 6.
Reid declined a $15 million player option for next season and chose to stay with Minnesota despite a vibrant market developing of teams interested with similar money but with starting roles.