Report: Wolves retain F Julius Randle on 3-year, $100M extension

The Minnesota Timberwolves continued their offseason spending spree, signing forward Julius Randle to a three-year, $100-million contract extension, ESPN reported Sunday.
The deal to retain Randle comes two days after center Naz Reid agreed to a five-year, $125-million extension with the Timberwolves.
Minnesota has moved to retain key portions of a roster that pushed the franchise into the Western Conference finals for a second consecutive season. The team’s 49 regular-season victories were sixth-most in franchise history.
The deals also have come within a week that the NBA Board of Governors unanimously approved the sale of the team to an ownership group led by Marc Lore and former MLB All-Star Alex Rodriguez.
Randle, 30, was acquired by Minnesota in October, along with Donte DiVincenzo, in a significant roster adjustment that sent Karl-Anthony Towns to the New York Knicks. The Timberwolves and Knicks advanced to their respective conference finals this past NBA season.
In 69 games of his first season in Minnesota, Randle averaged 18.7 points, 7.1 rebounds and 4.7 assists. Over 11 NBA seasons with the Los Angeles Lakers (2014-18), New Orleans Pelicans (2018-19), Knicks (2019-24) and Wolves, he has averaged 19.0 points, 9.1 rebounds and 3.8 assists in 710 games (630 starts).
A three-time All-Star, Randle was voted the NBA’s Most Improved Player in 2021 and made second-team all-NBA with the Knicks when he averaged 24.1 points with career-bests in rebounds (10.2) and assists (6.0).