Via ESPN.com:
Minnesota Timberwolves star Karl-Anthony Towns has agreed on a four-year, $224 million supermax extension, his agent, Jessica Holtz of CAA Basketball told ESPN’s Adrian Wojnarowski.
The deal begins with the 2024-25 season and delivers Towns’ total contract value to six years and $295 million.
Towns, 26, the No. 1 overall pick by Minnesota in 2015, has become one of the league’s most dominant offensive big men during his eight years in Minnesota. He averaged 24.2 points and 9.6 rebounds per game this past season while shooting over 50% from the field, 40% from 3-point range and 80% from the foul line.