Timberwolves re-sign center Naz Reid to three-year, $42 million contract

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The Minnesota Timberwolves have kept center Naz Reid off the market by agreeing to terms on a three-year, $42 million contract that comes with a player option after two seasons.

The deal was struck Sunday night and confirmed Monday by Reid's agents, Sean Kennedy and Jeff Schwartz of Excel Sports Management.

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Naz Reid #11 of the Minnesota Timberwolves shoots a three point basket during the game against the Golden State Warriors on March 26, 2023 at Chase Center in San Francisco, California.  (Noah Graham/NBAE via Getty Images)

Reid was eligible to become an unrestricted free agent this weekend following a breakout year on both ends of the court for the Timberwolves, who already have made major investments in big men Rudy Gobert and Karl-Anthony Towns yet still valued Reid's upside enough to make him a well-paid backup.

"When we struggled early, he was one of the guys that played well," coach Chris Finch said after the season ended. "He made the system work with his decision-making, whether he played the ‘4’ or the backup ‘5’ or started. Then when KAT came back, he naturally settled in as a key bench player. He was playing at a high, high level. He just proved he can play in all these different roles, which is valuable, then obviously just a perfect system fit."

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Naz Reid #11 of the Minnesota Timberwolves celebrates his basket while Bogdan Bogdanovic #13 of the Atlanta Hawks reacts in the fourth quarter of the game at Target Center on March 22, 2023 in Minneapolis, Minnesota. The Timberwolves defeated the Hawks