The $40 million deal tacks on an additional season, keeping McDaniels in Minnesota through 2029-30.
The Timberwolves have extended forward Jaden McDaniels on a one-year, $40 million deal, an unusual move that adds a fourth season onto the three years he already had remaining on his contract. The extension keeps him under contract through 2029-30.
The agreement arrived on the eve of the 2026-27 season, continuing what has been a busy offseason of roster news for Minnesota. The Timberwolves have already sent two-thirds of their frontcourt out in a deal for LaMelo Ball, been linked to LeBron James in the so-called "White Board" saga, and landed Jonathan Kuminga, who chose Minnesota over the Lakers.
For McDaniels, the structure of the deal is notable. By signing a one-year extension rather than a longer-term one, he secures an additional $40 million guaranteed while still protecting his upside for future, potentially larger paydays down the line. The move was reported by ESPN's Shams Charania, with details believed to have come from McDaniels' agent, Nima Namakian.
The extension signals the Timberwolves' intent to keep their core together even as the roster shifts around it, giving McDaniels long-term security without locking either side into a traditional multiyear structure.