Julius Randle is on the verge of securing a new contract with the Minnesota Timberwolves, as discussions continue about a deal that would extend his stay until the 2027-28 season. This information comes from a source familiar with the matter, speaking on Sunday.
Under the terms of the proposed deal, the final year would be under Randle’s discretion, meaning he could decide to extend the contract if desired. Should this option be exercised, the contract’s total worth could reach up to $100 million. Details of the agreement are yet to be publicly announced by either party involved.
Randle was carrying a player option valued at $30.9 million for the upcoming season, which gave him the possibility of becoming an unrestricted free agent in 2026. Last season, his initial with the Timberwolves, he posted averages of 18.7 points and 7.1 rebounds per game. His contributions were pivotal in leading the team to the Western Conference finals. Randle arrived in Minnesota following a significant trade that saw Karl-Anthony Towns move to the New York Knicks. Prior to playing for the Timberwolves, Randle spent five seasons with the Knicks.
Known as a three-time All-Star, Randle has exhibited consistent performance over his 11 seasons in the NBA, holding averages of 19 points and 9.1 rebounds per game across his tenures with the Timberwolves, Knicks, New Orleans Pelicans, and Los Angeles Lakers.
This agreement with Randle marks the Timberwolves’ second major offseason decision. It follows the recent decision to re-sign Naz Reid, who agreed to a five-year contract reportedly worth $125 million. Reid had previously turned down a $15 million option.
Naz Reid, recognized as the NBA’s Sixth Man of the Year for the 2023-24 season, has had a solid career with the Timberwolves, despite going undrafted from LSU. Last season, he enjoyed career-high averages of 27.5 minutes, 14.2 points, and 6.0 rebounds per game, cementing his role as a vital component of the team. The 25-year-old remains a favorite among fans for his vibrant energy and consistent play on the court.