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Three years after selecting him with the first overall pick in the NBA Draft, the Timberwolves have reaffirmed their belief in Anthony Edwards. This time, it was in the form of a maximum contract extension.
The Athletic’s Shams Charania has reported that Edwards and the Wolves are finalizing a five-year maximum contract extension that could be worth as much as $260 million. Edwards joins draft classmates LaMelo Ball and Tyrese Haliburton, who recently inked maximum deals with their respective teams.
At just 21 years old, Edwards has quickly ascended to stardom with the Timberwolves. He is coming off of a season in which he averaged 24.6 points, 5.8 rebounds, and 4.4 assists per game, earning the first All-Star selection of his career in the process.
Since drafting Edwards in 2020, Minnesota has made two playoff appearances after earning wins in the 2022 and 2023 Play-In Tournaments. The extension kicks off a big summer for Edwards, who is reportedly set to represent Team USA at the FIBA Basketball World Cup in August.
Here’s a look at the deal that will keep Edwards in the Twin Cities for years to come, solidifying him as one of the franchise’s cornerstones.
MORE: NBA free agency grades 2023: Live analysis of every major signing, trade and new contract
Anthony Edwards contract details
Edwards has one year remaining on his rookie-scale contract. His five-year designated maximum extension will begin during the 2024-25 season, his fifth in the league.
It is important to note that the deal can be worth up to $260 million but has a base scale of $205.9 million, per Spotrac. Edward’s can increase his contract figure by meeting incentives, which include end-of-season awards and all-league selections.
Here is a basic breakdown of Edwards’ earnings for the next six years, including the final year of his rookie deal and the extension that will kick in the year after:
Season
Salary
2023-24
$13,534,817
2024-25
$35,500,000
2025-26
$38,340,000
2026-27
$41,180,000
2027-28
$44,020,000
2028-29
$46,860,000
Anthony Edwards stats
2022-23 season
24.6 points per game
5.8 rebounds per game
4.4 assists per game
45.9 percent field goal shooting
36.9 percent 3-point shooting
75.6 percent free throw shooting
Career
21.8 points per game
5.1 rebounds per game
3.7 assists per game
44.1 percent field goal shooting
35.2 percent 3-point shooting
77.0 percent free throw shooting
Anthony Edwards career earnings
Per Spotrac, Edwards has earned $30.7 million through the first three seasons of his career, per the terms of his fixed-scale contract as the No. 1 pick in 2020. He is set to add $13.5 million to that figure during the 2023-24 season.
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