Timberwolves, Jaden McDaniels Agree To One-Year Extension

The Timberwolves and forward Jaden McDaniels have reached an agreement on a one-year veteran contract extension worth $40MM, agents Nima Namakian and Bill Duffy tell Shams Charania of ESPN (Twitter link). McDaniels was already under contract for three years and $84MM, so his new extension will apply to the 2029/30 season, bringing his total salary over the next four years to $124MM. Because he has multiple guaranteed seasons left on his current deal, Monday was the deadline for him to sign an extension during the 2026/27 league year. As Charania outlines (via Twitter), there are a couple reasons why tacking…