Minnesota Timberwolves forward Jaden McDaniels has agreed to a one-year, US$40 million contract extension that keeps him under contract through the 2029-30 NBA season.
ESPN’s Shams Charania reported the deal on Monday (US time), with McDaniels’ agents Nima Namakian of Innovate Sports and Bill Duffy of WME Basketball confirming it to ESPN, HoopsHype reported. Sportsnet also reported the extension.
McDaniels already had three years and US$84 million left on his current contract, so the extra season takes his total salary over the next four years to US$124 million, according to Hoops Rumors. Monday was his deadline to sign an extension during the 2026-27 league year.
Why only one year?
Hoops Rumors explained that adding a single season puts McDaniels in a stronger spot for his next deal. A player on a veteran extension can start his next contract at up to 140 per cent of his previous salary, so he can build off his US$40 million figure in 2029-30 rather than a smaller cap hit the year before.
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He will also have 10 years of NBA service by the time that next contract kicks in, which would lift the maximum starting salary he could earn if he reaches free agency.
A key piece for Minnesota
The 26-year-old, a former No. 28 pick, is Minnesota’s main perimeter defender and made the NBA All-Defensive second team in 2024.
McDaniels averaged 14.8 points, 4.2 rebounds and 2.7 assists across 73 games last season, shooting 41.2 per cent from three-point range, according to Hoops Rumors. Minnesota is said to be bullish about his attacking game this season alongside new starting point guard LaMelo Ball.
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