Report: Timberwolves reach 2-year, $21 million extension with veteran Mike Conley
The Timberwolves, who sit at 39-16 on the season, hold the top spot in the Western Conference at the All-Star break
Mike Conley isn’t going anywhere.
The Minnesota Timberwolves reached a two-year, $21 million contract extension with Conley on Monday, his agents told ESPN’s Adrian Wojnarowski. Conley’s current three-year, $68 million deal he first signed with the Utah Jazz is set to expire at the end of the season, so this new extension will keep him out of free agency and with the Timberwolves through the 2025-26 season.
Minnesota Timberwolves G Mike Conley Jr. has agreed on a two-year $21 million extension, Steven Heumann and Jess Holtz of @CAA_Basketball tell ESPN. The Timberwolves keep Conley Jr. out of summer free agency and in backcourt thru 2025-2026. pic.twitter.com/M9MSc3zdsr
— Adrian Wojnarowski (@wojespn) February 19, 2024
Conley has been a very important piece for the Timberwolves this season. The 36-year-old veteran has averaged 10.6 points and 6.4 assists per game while shooting 44.2% from the 3-point line, which is a career high. He’s also second in the league in assist-to-turnover ratio this season, behind only Washington Wizards guard Tyus Jones.
Conley landed in Minnesota after the Jazz traded him there in a three-team deal at the deadline that sent D’Angelo Russell to the Los Angeles Lakers. The former No. 4 overall pick spent the first 12 seasons of his career with the Memphis Grizzlies before landing in Utah in 2019. Conley has averaged 14.5 points and 5.7 assists throughout his career.
The Timberwolves are in the middle of one of their best seasons in franchise history. They entered the All-Star break having won seven of their last nine games, which gave them a 1.5-game lead in the Western Conference standings. The franchise, which has made it out of the first round of the playoffs just once in its history, is attempting to reach the playoffs for the third straight season under head coach Chris Finch.
The Timberwolves will resume their season on Friday against the Milwaukee Bucks, which will kick off a seven-game homestand at the Target Center.
