After signing Naz Reid to a two-way contract earlier this month, the Timberwolves have negotiated a new deal with the undrafted rookie, per president of basketball operations Gersson Rosas. According to Rosas, Minnesota has inked Reid to a new standard multiyear contract (Twitter link via Jon Krawczynski of The Athletic).
Per Krawczynski and Shams Charania of The Athletic (Twitter link), 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.
Reid, who declared for the draft after his freshman year at LSU, wasn’t selected on draft night in June, but quickly reached an agreement to join the Wolves on a two-way deal. That contract would have limited him to 45 days on Minnesota’s regular season roster, with the rest of his time spent in the G League. By signing a standard contract, Reid can be assigned to – and recalled from – the Iowa Wolves at any time, with no restrictions.
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. The youngster averaged 11.9 PPG, 5.4 RPG, and 2.0 APG in seven games (18.6 MPG) in Vegas.
Minnesota now once again has two open two-way contract slots.