Andrew Wiggins agrees to 5-year, $148 million extension with Timberwolves

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Andrew Wiggins has signed a five-year contract extension with the Minnesota Timberwolves, the National Basketball Association club announced on Wednesday, tying down the 22-year-old forward through the 2022/23 campaign. The team did not disclose contract details, but ESPN initially reported the value to be $148 million before Shams Charania of The Vertical reported the final value at $146.5 million - without a player option.

Wiggins, 22, was selected by the Cleveland Cavaliers with the number-one pick in the 2014 NBA Draft before being traded to the Timberwolves two months later. Wiggins' previous agent, Bill Duffy, negotiated a maximum contract with the Timberwolves this summer before the sides parted ways.

The Timberwolves signed Wiggins to a rookie extension.

"He's never satisfied. He wants to get better", coach and president Tom Thibodeau said.

Team owner Glen Taylor was hopeful a deal between both parties would get done prior to the start of the regular season, securing one of the team's cornerstones ahead of its transition to a star-studded lineup, thanks to the Timberwolves' aggressive offseason acquisitions.

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The much-anticipated Andrew Wiggins contract extension is complete.

Wiggins made great strides as a scorer in his first three years, improving as a 3-point shooter, developing a low-post game and using his athleticism and strength to get to the free throw line. He'd shot 30.5 percent from long-range over his first two professional seasons, but shot a respectable 35.6 from beyond the arc last season, all while attempting a full shot more per-36 minutes than the prior year.

The Wolves clearly believe that there is a lot of room for growth.

"To me, by making this offer, I'm speculating that his contribution to the team will be more in the future", Taylor said then.

"It's motivation to get better and show everybody what I can do, the other stuff I can do", Wiggins said. He can't be paid just for what he's doing today.

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