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Report: Naz Reid To Sign Five-Year $125M Extension

Joan Beringer? Rocco Zikarsky?

Naz Reid.

On Friday evening, ESPN’s Shams Charania dropped the biggest news that Minnesota Timberwolves fans have been waiting for.

Just in: Minnesota Timberwolves' Naz Reid intends to sign a new five-year, $125 million contract to stay with the franchise, including a player option, sources tell ESPN. Critical agreement between the Wolves and Reid's agents, Sean Kennedy and Jeff Schwartz of Excel Sports. pic.twitter.com/FF9MjGvwb9

— Shams Charania (@ShamsCharania) June 28, 2025

Naz Reid expectedly declined his $15 million player option for the 2025-2026 season, and now commits to Minnesota through 2030.