The deal is for five years.
Karl-Anthony Towns will be rolling in cash. According to ESPN, Towns has agreed to a five-year, $190 million super-maximum extension. Towns took to Twitter to hint at the signing with a video and a cryptic message that reads “5 More." Towns hasn't missed a game in his three seasons in the league, and averaged 21.3 points, 12.3 rebounds and 1.4 blocks per game in the 2017-18 season.
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," he continued. "To the fans from Day One and the Timberwolves fans, this is for you. Thank you for believing in me."
Towns was the number 1 overall pick out of Kentucky. He earned the 2016 NBA Rookie of the Year award, and led the Wolves to their first Western Conference playoffs in 13 seasons this past year. He also made the Western Conference All-Stars, solidifying him as a prominent force in the NBA.