Naz Reid is staying in Minnesota.
The New Jersey native and Jelly Fam alum has reportedly agreed to a five-year, $125 million extension to remain with the Timberwolves, ESPN reported.
ESPN front office insider and salary cap expert Bobby Marks noted that the T-Wolves’ projected tax bill resides at $23 million, significantly lower than the $141 million tax bill last season.
The deal marks a significant investment in the soon-to-be 26-year-old forward who was expected to receive interest from multiple suitors around the NBA.
The Timberwolves are projected to be right at the second apron following this deal, with $206 million in team salary, just under $2 million away.
This is meaningful given that Julius Randle has a player option worth around $30 million, and could opt out and enter free agency, potentially leaving Minnesota after one season.
Randle, of course, arrived from New York via the Karl-Anthony Towns trade.
Reid’s return, while celebrated, carries roster implications for that reason.
Additionally, Rudy Gobert is beginning a three-year, $105 million extension next season.
With Reid securing a rich role off the bench, a higher payroll could make re-signing Randle and keeping Gobert more difficult, unless the Wolves navigate the cap in a creative way.
Last season, Reid averaged a career-best 14.2 points while shooting 46.2 percent from the field and 37.9 percent from 3.
Reid won NBA Sixth Man of the Year honors in 2024 and helped Minnesota reach the Western Conference finals for the second straight year in 2025 before falling to the eventual champion Thunder.