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Anthony Edwards Inks Long-Term Deal with Minnesota Timberwolves
5-Year Contract Worth $204.45 Million
The Minnesota Timberwolves have secured the future of their star swingman, Anthony Edwards. The NBA All-Star has signed a five-year contract extension worth $204.45 million, including $204.45 million guaranteed.
Contract Details
The contract, which begins with the 2024-25 NBA season, guarantees Edwards an average annual salary of $40.89 million. For the 2023-24 season, Edwards will receive a base salary of $13.53 million, with a similar cap hit and dead cap value.
Poison Pill Restriction
Due to NBA salary cap rules, the Timberwolves are subject to a "Poison Pill" restriction. This means that if Edwards were to be traded before the end of his contract, the receiving team would be required to pay him a significantly higher salary than the Timberwolves are currently paying him.
Keeping a Young Star
The Timberwolves' decision to extend Edwards' contract is a testament to his value to the team. The 21-year-old has emerged as one of the most promising young players in the league, averaging 23.3 points, 6.3 rebounds, and 3.6 assists per game during the 2022-23 season.
By locking up Edwards long-term, the Timberwolves are sending a clear message that they believe he is a cornerstone of their franchise's future. The contract will allow Edwards to continue developing his skills and become one of the elite players in the NBA.
Bleacher Report
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