Timberwolves and Taurean Prince agree to contract extension: report

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The Minnesota Timberwolves are bringing back reserve forward Taurean Prince, who became a vital part of the second unit in his first season with the club.

Prince and the Timberwolves have agreed to a two-year, $16 million contract extension, according to a person with knowledge of the deal.

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Taurean Prince #12 and Jordan McLaughlin #6 of the Minnesota Timberwolves react to Prince drawing a foul against the Memphis Grizzlies in the fourth quarter of the game during Game Four of the Western Conference First Round at Target Center on April 23, 2022 in Minneapolis, Minnesota. The Timberwolves defeated the Grizzlies 119-118 to tie the series 2-2. (Photo by David Berding/Getty Images)

The person spoke Wednesday to The Associated Press on condition of anonymity because the team has not yet announced the extension, which will keep the 6-foot-7 Prince off the market when NBA free agent and trade negotiations formally open Thursday night.

Acquired last summer from Cleveland in a trade for popular point guard Ricky Rubio, Prince warmed up to coach Chris Finch's system after a slow start and shot a career-best 45.4% from the floor in his sixth season in the league. His shooting rate inside the 3-point line was also a career high at 56.5%, giving Finch the ability to play Prince at either forward spot depending on the size of the lineup.

Prince was drafted with the 12th overall pick out of Baylor and landed in Atlanta to start his NBA career in 2016. Since then, he's been traded three times in the last three years — to Brooklyn, Cleveland and Minnesota. He started 200 of the 260 games he played in over