The Timberwolves signed Naz Reid to a two-way contract soon after the draft, meaning they had his rights for this season and could play him either in Iowa for the G-League Wolves or with the parent club, and had the option of turning the contract into a full NBA deal at their discretion.
They obviously were very impressed with what they saw of Reid during Summer League in Las Vegas, because instead they ripped up that two-way deal and signed Reid to a four year deal worth as much as $6.1 million, according to The Athletic.