Report: T-Wolves' Reid intends to sign 5-year, $125M contract

Minnesota Timberwolves center Naz Reid intends to sign a new five-year, $125-million contract that includes a player option, sources told ESPN's Shams Charania.

Reid will decline his $15-million player option for 2025-26 and stay with Minnesota despite drawing interest from several teams that were offering him a starting role, Charania reports.

Reid has developed into a key member of the Timberwolves since going undrafted in 2019.

The LSU product has been one of the NBA's top reserves over the past few seasons, winning Sixth Man of the Year honors in 2023-24.

Reid averaged a career-high 14.2 points on 46.2% shooting - including a 37.9% clip from deep - across 80 appearances last season.

Minnesota's key free agents include Julius Randle and Nickeil Alexander-Walker. Randle has until Sunday to exercise his $30.9-million player option for 2025-26.

The T-Wolves' projected luxury-tax bill stands at $23 million, according to ESPN's Bobby Marks.