Jaden McDaniels signs $40 million extension with Minnesota Timberwolves

The Minnesota Timberwolves have solidified their core roster by securing forward Jaden McDaniels on a one-year, $40 million contract extension. The deal, confirmed by agents Nima Namakian of Innovate Sports and Bill Duffy of WME Basketball, ensures the defensive standout remains with the organization through the 2029-30 season.

This latest agreement builds upon the five-year, $136 million contract McDaniels signed in 2023. With this extension in place, the Timberwolves have committed a total of $124 million to the 26-year-old over the next four years. The structure of the new deal provides flexibility for the future, allowing McDaniels to negotiate a subsequent extension as early as 2028, with a starting salary potentially reaching 140% of his $40 million figure. Alternatively, he retains the option to enter free agency in the summer of 2030 as a 10-year veteran.

McDaniels further demonstrated his value during the postseason, where he elevated his offensive output to 16.3 points per game. Since being selected with the 28th overall pick in the 2020 NBA Draft, the forward has evolved into a cornerstone of the Minnesota lineup. He currently anchors the team’s perimeter defense alongside a core that includes Anthony Edwards, Rudy Gobert, and recent addition LaMelo Ball. His development has drawn significant praise from within the locker room, with Edwards publicly stating earlier this season that he anticipates McDaniels earning an All-Star selection for his contributions to the team.