Earlier this month, the Minnesota Timberwolves agreed to a two-way contract with big man Naz Reid. Gersson Rosas (team’s president of basketball operations) has announced the Timberwolves have negotiated a new deal with the undrafted rookie. According to Rosas, Minnesota has inked Reid to a new standard multiyear contract via Jon Krawczynski of The Athletic.
Reid signed a four-year, minimum-salary deal with a guaranteed first year. The Timberwolves used a portion of their mid-level exception to complete the signing, according to Jon Krawczynski and Shams Charania of The Athletic.
By signing a standard contract, Reid can be assigned to – and recalled from – the Iowa Wolves at any time, with no restrictions, plus if he has a strong showing in his rookie campaign whether it be up in the NBA or G-League, he has a chance on remaining with the club.
Finally, Reid’s strong showing at this month’s Las Vegas Summer League contributed to the Wolves’ decision to move him out of his two-way slot and onto their projected regular-season roster.
Reid’s Las Vegas Summer League Stats: 11.9 PPG, 5.4 RPG, and 2.0 APG in seven games (18.6 MPG) in Vegas.