Report: Karl-Anthony Towns agrees to 4-year, $224M extension with Timberwolves

Karl-Anthony Towns averaged 24.6 points, 9.8 rebounds and 3.6 assists in 33.5 minutes per game last season.

Minnesota Timberwolves All-Star big man Karl-Anthony Towns has agreed to a four-year, $224 million supermax extension, according to ESPN’s Adrian Wojnarowski.

Minnesota Timberwolves star Karl-Anthony Towns has agreed on a four-year, $224M super max extension, his agent Jessica Holtz of @CAA_Basketball tells ESPN. Deal begins with the 2024-25 season and delivers Towns’ total contract value to six years and $295M.

— Adrian Wojnarowski (@wojespn) July 1, 2022

The extension begins with the 2024-25 season. Towns made All-NBA 3rd Team, qualifying for the supermax deal.

Led by Towns, second-year phenom Anthony Edwards and point guard D’Angelo Russell, the seventh-seeded Timberwolves pushed the second-seeded Grizzlies to the brink in the first round of the Western Conference playoffs before ultimately falling to Memphis.

The 26-year-old has become one of the league’s most dominant offensive big men during his eight years in Minnesota.

The No. 1 overall pick in 2015, Towns averaged 24.6 points, 9.8 rebounds and 3.6 assists in 33.5 minutes per game last season.