$125 million in 5 years! Reed renews his contract with the Timberwolves and refuses to leave the team, and the Lakers have one less target

On June 28, another major signing came from the NBA free market. Reed and the Timberwolves completely renewed their contract, and the two sides signed a five-year, $125 million contract. This was quite sudden. I thought Reed would choose to try the free market, but he didn't expect that he would directly choose to stay in the Timberwolves.

Reed, 25 years old this season, played 80 regular season games for the Timberwolves, averaging 14.2 points, 6 rebounds and 2.3 assists per game, shooting percentage of 46.2% and three-point shooting percentage of 37.9%. His average score also hit a new high for his personal score, and he is also a strong contender for the best sixth man, who was elected in 2024. Such an outstanding performance also made the outside world speculate that he would try the free market so as to get a larger contract, and it also attracted the attention of many teams. Unexpectedly, he directly reached a contract extension with the Timberwolves.

This summer, Reed held a $15 million player option, and eventually chose to refuse to execute it. He then signed a new five-year $125 million contract with the Timberwolves, with the last year being the player option. Among them, Reed himself was determined to stay in the team and never thought about leaving the Timberwolves. He also faced many opportunities in the free market. Some of the teams promised him the starting position, but he did not leave. At the same time, thanks to the Timberwolves' efforts to retain, the two sides finally hit it off.

For the Timberwolves, Reed's renewal did not make the team's salary explode, which was also due to Gobert's salary cut last summer. You should know that the Timberwolves paid a luxury tax of $141 million last season, and now after they renew their contracts, they only need to pay a luxury tax of $23 million. However, the team will face renewal of Randall and Alexander Walker next. One of them is probably going to leave the team, and it is difficult to stay at the same time.

With Reed's contract renewal, the Lakers' favorite goal was missing, especially when they saw such low value, they were also very bad inside. Everyone knows that the Lakers' inside line is very weak and want to focus on strengthening this summer. Unexpectedly, they missed the goal. Previously, Governor and Mavericks renewed their contract, and now Reed has completed the contract renewal. It seems that there are not many choices left for the Lakers. Next, it depends on when the Lakers management will take action. I guess they can only choose to trade.