Karl-Anthony Signs $190M Contract With The Timberwolves
22-year-old Karl-Anthony Towns has agreed to a 5-year, $190 million USD "supermax" contract extension with the Minnesota Timberwolves, according to ESPN.
In a statement, Towns said:
“On June 25, 2015, I was drafted to and committed to the Minnesota Timberwolves. On September 22, 2018, I made a recommitment to the Wolves and have the same feelings of excitement that I felt back in 2015. I promise to the fans, my teammates and the organization to keep the vision of the man who drafted me, Flip Saunders, alive and treat his dream of winning with respect and dignity. To the fans from Day One and the Timberwolves fans, this is for you. Thank you for believing in me.”
ESPN reports that the deal includes the ability for Towns to earn 30% of the Timberwolves' salary cap if he makes one of the three All-NBA teams, or is voted league MVP or Defensive Player of the Year this upcoming season.