Canis Hoopus · Sep 23, 2018
Karl-Anthony Towns Agrees to Maximum Contract Extension with Timberwolves
Finally some good news comes tonight, as Woj and others report that Karl-Anthony Towns has agreed to a five-year extension, committing him to Minnesota through the 2023-24 season.
The extension is the maximum allowed, and will either be worth $190 million (if Towns makes an All-NBA team this season or wins MVP or DPOY in the next two seasons) or roughly $158 million if he does not meet those conditions.
If he qualifies for the super max, his salary in 2019-20 will be roughly $32.7M, if he does’t, it will be a bit north of $27M. Either way his yearly salary will escalate from there.