Timberwolves agree to 1-year, $40M contract extension with two-way standout Jaden McDaniels

MINNEAPOLIS (AP) — The Minnesota Timberwolves have long viewed Jaden McDaniels as a vital part of their long-term core, and they furthered their commitment by signing the two-way standout on Tuesday to a one-year, $40 million contract extension that goes through the 2029-30 season.The seventh-year small forward has three seasons left on a five-year, $136 million contract he signed right before the 2023-24 season. The new deal gives the Timberwolves another year of cost certainty in managing future salary caps around the next maximum contracts anticipated for star guards Anthony Edwards and LaMelo Ball. The extension also makes McDaniels eligible for another one in two years at a higher rate, thanks to the hefty raise he'll get from about $29.8 million in 2028-29 to the $40 million in 2029-30.The 6-foot-9 McDaniels had an excellent season in 2025-26, posting career bests with an average of 14.8 points per game, 41.2% shooting from 3-point range and 83.5% from the free-throw line. The Ti