Breaking: Timberwolves Sign Key Player To Multi-Year Extension

The Minnesota Timberwolves are rolling along this season, and currently sit atop the Western Conference at 39-16, riding a four-game winning streak. Obviously liking what they've seen, the team has decided to extend point guard Mike Conley for another two years. 

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 was due to become an unrestricted free agent this summer, but even at the age of 36, he's been crucial to the T-Wolves' ascension to the top of the west this season. His new extension is worth $21 million over two years, and kicks in in 2024-25.  He is coming off a 3-year, $68 million contract. 

Conley was dealt to the Timberwolves at last year's trade deadline from the Utah jazz and immediately stepped into the starting lineup and contributed 14 points and five assists per game.

This year, the 17-year veteran is averaging 10.6 points, 6.4 assists and 2.9 rebounds in addition to one steal per game while shooting career highs on 44.2% from three-point range and 92% on free throws.

Before his four seasons in Utah, Conley spent the first 12 years of his career with the Memphis Grizzlies, who had selected him with the number four overall pick in the 2007 NBA draft.

Photo: Jesse Johnson-USA TODAY Sports