Naz Reid, a pivotal player for the Minnesota Timberwolves, has secured a five-year, $125 million contract extension, as reported by Shams Charania of ESPN. This move ensures Reid remains a key component of a team that has enjoyed success in the recent Western Conference finals. The 25-year-old center averaged 14.2 points and six rebounds last season, showcasing his ability to stretch the floor with a 37.9% shooting from three-point range.

The Timberwolves were faced with potential competition for Reid's services, particularly from teams like Detroit, which were in need of a stretch big man. Reid's contract extension also means he will forgo a $15 million player option, further emphasizing his commitment to the franchise. Meanwhile, the Timberwolves still face decisions regarding other key players, such as Julius Randle, who is weighing a $30.9 million player option.