McDaniels strategically secures an additional $40 million guaranteed for an additional season while protecting his upside and creating the flexibility to negotiate another extension as early as 2028 at a starting salary of up to 140% of the new higher $40M salary -- or enter free agency in 2030 with 10 years of NBA service. The 26-year-old now has total of four years and $124M on his Wolves deal.

The Timberwolves are expected to keep Cody Williams, the No. 10 pick in 2024, and waive-and-stretch John Konchar, sources said. They found a home for Josh Green on a Jazz team that wanted an additional 3-and-D wing; moving his $14.7 million deal gives Minnesota the salary space to sign Jonathan Kuminga using the taxpayer midlevel exception.