Jaden McDaniels, Timberwolves reportedly agree to one-year $40 million extension for 2029-30

The Minnesota Timberwolves have reportedly reached a one-year, $40 million extension with forward Jaden McDaniels for the 2029-30 NBA season, according to ESPN's Shams Charania. McDaniels, who has been performing exceptionally well in the preseason, averaging 24.8 points in less than 21 minutes while shooting 60.6% from the field and an impressive 71.4% from beyond the arc, is expected to be a key contributor in the upcoming Anthony Edwards and LaMelo Ball era.

McDaniels is already committed to the Timberwolves for the current season and the two following seasons, totaling $84 million. The new contract further increases his compensation by over $10 million, bringing his total to $124 million over four years. This deal brings McDaniels' total service time to 10 years, potentially opening the door for him to negotiate a larger contract in the summer of 2030.

Standing at 6'9", McDaniels is renowned for his elite defense, but his offensive game has also shown significant improvement in recent seasons. During the last season, he averaged 14.8 points and 4.2 rebounds per game, with a 41.2% three-point field goal percentage. In the playoff run, he demonstrated even more offensive creativity, averaging 16.3 points per contest.

With his defense secured for the next season and LaMelo Ball and Edwards set to be with the team until 2029, McDaniels' inclusion in the team's long-term plans is crucial. The Timberwolves now have McDaniels committed to the team until 2030, along with Ball and Edwards until 2029. Should center Rudy Gobert become a free agent next summer, he could be a target for a contract extension, where he has a $38 million player option for the 2027-28 season.