According to ESPN’s Adrian Wojnarowski, Towns signed a four-year, $224 million supermax extension with the Timberwolves. The deal will keep Towns under contract with the Timberwolves through 2028.
Towns was instrumental in leading Minnesota back to the playoffs in 2021, the team’s first postseason berth since 2018.
He averaged 24.6 points, 9.8 rebounds, 3.6 assists, 1.1 blocks and a steal in 33.5 minutes a game. The 26-year-old big man shot 52.9 percent from the field, a stellar 41.0 percent from three and 82.2 percent from the free-throw line.
Towns also won the 2022 Three-Point Contest, backing up his claim that he is the best shooting big man of all-time.
How much was Towns’ contract and what are the details behind it? Find out below.
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Karl-Anthony Towns contract details
Towns reportedly signed a supermax extension with the Timberwolves on the first day of free agency in 2022.
Here’s the breakdown:
Extension amount: $224 million Extension length: Four-year Deal start date: 2024-2025 season Deal end date: 2027-2028 season Total contract value: $295 million Total length: Six years
Towns’ supermax extension is exactly the same as the one Phoenix Suns superstar Devin Booker signed. Of note, Towns and Booker have the same agent.
Here’s the year by year breakdown of both players’ extensions via ESPN’s Bobby Marks:
Tim Connelly on Karl-Anthony Towns
Towns getting a supermax extension wasn’t a shock by any means. Team president Tim Connelly essentially foreshadowed it happening when talking with Chris Hine of the Star Tribune before the start of free agency.
“I hope he’s here forever,” Connelly said about Towns. “I hope we have the type of team success that would allow us to look up and see Karl’s jersey being hung up in the rafters. I reached out to a bunch of these guys, but I don’t want to force relationships. You have to develop those things naturally. So, I’ve heard so many great things about him. I know how great a player he is on the court, but off the court it’s been so consistent, just an unbelievably sweet guy that treats everyone in a really classy manner. I think he’s been through so much, so many different faces and different chairs, from the front office to the coaching staff. So I think with continuity with Finchy [coach Chris Finch], you’re going to see a better version of Karl and he’s already a great player. … I know he’s good enough to win at a high-high level, and I know how much he cares about this city and this team, so I think that would be an unbelievably cool thing for Karl and this team that he only wears one jersey and we win a ton of games and we’re old and fat and watch the jersey being hung in the rafters. I’m already old and fat, but older and fatter.”
