Andrew Wiggins' extension with Minnesota does not include player option

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Report: Andrew Wiggins agrees to 5-year, $148 million extension with Timberwolves

Minnesota Timberwolves forward Andrew Wiggins is anxious to work out a long-term deal with the team but isn't trying to rush the process. The team did not disclose contract details, but ESPN initially reported the value to be $148 million before Shams Charania of The Vertical reported the final value at $146.5 million - without a player option.

"We're very excited that Andrew has made a decision to commit his future to the Timberwolves", said Timberwolves President of Basketball Operations and Head Coach Tom Thibodeau.

"Andrew is one of the best young players in the National Basketball Association and he has the talent and work ethic to get even better and be a foundation for our franchise for many years", Timberwolves owner Glen Taylor said.

Wiggins averaged 23.6 points in his third season in the league and has cemented himself as one of the building blocks of an up-and-coming franchise.

"Minnesota's been good to me", Wiggins said in September. "I love everybody. They've treated me with nothing but nice since I got here".

"I'm pleased that we've reached an agreement with Andrew on a contract extension", said Timberwolves owner Glen Taylor. But coach Tom Thibodeau and Taylor have long believed in Wiggins' ability to become the kind of dynamic, two-way player who can play a major role in ending the team's playoff drought. He scored 40 or more points 5 different times last season. The dramatic impact of Embiid's brief but dominant debut season left him as the only rookie since Wilt Chamberlain to average at least 28.7 points per 36 minutes played.

The new deal also makes Wiggins the highest-paid Canadian NBA player of all-time. Wiggins won the Eddie Gottlieb Trophy as the NBA's Rookie of the Year following the 2014-15 season in which he averaged 16.9 points, 4.6 rebounds and 2.1 assists, becoming the first Wolves player to win Rookie of the Year honors.

Wiggins, 22, was selected by the Cleveland Cavaliers with the number-one pick in the 2014 NBA Draft before being traded to the Timberwolves two months later.

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