T-Wolves, Edwards agree to 5-year max extension worth up to $260M

The Minnesota Timberwolves and star guard Anthony Edwards agreed to a five-year, $260-million designated rookie maximum extension, his agents told ESPN's Adrian Wojnarowski.

Edwards' new deal is fully guaranteed with no options, sources told The Athletic's Shams Charania. He's the fourth player from the 2020 draft class to receive a five-year max extension, joining Tyrese Haliburton, LaMelo Ball, and Desmond Bane.

"I'm humbled, appreciative, and excited to remain in Minnesota as a part of this incredible Timberwolves organization," Edwards said Monday in a statement to Wojnarowski. "It's amazing to see where hard work can take you."

Edwards averaged a career-high 24.6 points per game this season for the Timberwolves, taking a larger offensive role as center Karl-Anthony Towns was limited to a career-low 29 contests due to a calf injury. The 21-year-old was also named to his first All-Star team.

Minnesota drafted Edwards first overall in 2020 after he spent one year at Georgia.

Edwards, 21, has helped lead the T-Wolves to back-to-back playoff appearances and averaged 31.6 points, 5.2 assists, 5.0 rebounds, 2.0 blocks, and 1.8 steals in the first round this past postseason.

The Timberwolves have made large financial commitments to Towns and Rudy Gobert, the latter of whom the franchise acquired last offseason from the Utah Jazz. Minnesota also extended center Naz Reid earlier in June.