Julius Randle, Timberwolves finalizing 3-year contract that could reach $100 million, AP source says

Julius Randle and the Minnesota Timberwolves are finalizing a new deal that could keep him with the club through the 2027-28 season, a person with knowledge of the agreement said Sunday.

The final year of the deal will be at Randle’s option and, if it is exercised, could push the total value of the contract to $100 million, the person said.

The person spoke to The Associated Press on condition of anonymity because neither side announced the agreement. ESPN and The Athletic first reported the agreement.

Randle had a $30.9 million player option for next season and could have been an unrestricted free agent in 2026.

He averaged 18.7 points and 7.1 rebounds per game last season, his first with the Timberwolves, and helped the team make the Western Conference finals. Randle was one of the primary pieces in the trade last fall that sent Karl-Anthony Towns from Minnesota to New York. Randle had spent five seasons with the Knicks before that trade.

A three-time All-Star, Randle has averaged 19 points and 9.1 rebounds per game in 11 seasons with the Timberwolves, Knicks, New Orleans and the Los Angeles Lakers.

The deal with Randle was the second critical decision for the Timberwolves this offseason, following an agreement Friday with Naz Reid on a reported five-year, $125 million contract after Reid declined his $15 million option.

Reid, the NBA Sixth Man of the Year for the 2023-24 season, has played his entire six-year career with the Timberwolves after going undrafted out of LSU. The 25-year-old fan favorite averaged career highs in the 2024-25 season of 27.5 minutes, 14.2 points and 6.0 rebounds per game.

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AP Sports Writer Dave Campbell in Minneapolis contributed to this report.

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AP NBA: https://apnews.com/hub/NBA