Julius Randle and the Minnesota Timberwolves have agreed to a three-year contract worth $100 million. Randle, who is represented by Aaron Mintz and Steven Heumann, will opt out of his $30.9 million contract for next season in order to sign the new deal with Minnesota. The contract will carry a player option for the 2027-28 season. Randle is coming off a four-year, $117 million contract signed with the Knicks in 2021.
Randle was acquired by the Wolves ahead of last season in the trade that sent Karl-Anthony Towns to the New York Knicks. The Timberwolves have now signed both Randle and Naz Reid to new contracts before free agency opens.
In 60 games with Minnesota, the veteran forward averaged 18.7 points, 7.1 rebounds and 4.7 assists per game. Randle upped his production to 21.7 points on 50% shooting in the playoffs, as the Timberwolves made it back to the Western Conference.
Randle was particularly instrumental in the Wolves’ playoff series wins in the first round against the Los Angeles Lakers and in the second round against the Golden State Warriors.