Anthony Edwards Current NBA Contract Overview
Anthony Edwards signed a five-year maximum rookie extension with the Minnesota Timberwolves in July 2024. The deal is worth up to $224 million, with a full guarantee structure and a player option for the final season. The contract runs through the 2029-30 NBA season, making Edwards one of the highest-paid shooting guards in the league. The Timberwolves used the designated veteran max to sign him, reflecting his All-NBA and All-Defensive honors. Edwards currently earns a base salary of $36.9 million for the 2024-25 season, with annual raises tied to the salary cap. The deal includes standard incentive clauses tied to All-NBA and All-Defensive selections. The Timberwolves also added a trade kicker and no-trade protections typical of max extensions. The contract is fully guaranteed, including injury protections and a guaranteed salary for the final year. Edwards remains under contract with the Timberwolves through the 2029-30 season, with a player option for 2030-31.
The Timberwolves structured the deal to maximize Edwards' earnings while maintaining flexibility under the NBA salary cap. The contract uses the rookie max scale, which allows teams to exceed the standard max by up to 30% for players with two All-NBA selections. Edwards qualified after earning All-NBA Second Team and All-Defensive First Team honors in 2023-24. The deal also includes a 15% trade kicker, meaning Edwards would receive an additional 15% of his salary if traded. The Timberwolves retained his Bird rights, allowing them to exceed the cap to re-sign him. The contract does not include a no-trade clause, giving the team full flexibility. Edwards' cap hold is currently set at $40.1 million, which impacts the Timberwolves' ability to add free agents. The team remains under the luxury tax apron, preserving access to taxpayer mid-level exceptions. The deal also includes standard team options for the final year, which the Timberwolves can exercise or decline. Edwards' average annual salary is $44.8 million, making him the second-highest-paid player on the Timberwolves roster.
Salary Breakdown and Cap Impact
Annual Salary and Cap Hold
Edwards' salary for the 2024-25 season is $36.9 million, with annual increases of approximately 8% through 2028-29. His cap hold for 2024-25 is $40.1 million, which includes the 5% veteran minimum raise and incentive bonuses. The Timberwolves projected cap space for 2024-25 is $12.4 million, leaving limited room for additional free-agent signings. Edwards' salary represents 28.5% of the Timberwolves' projected 2024-25 salary cap. The team's luxury tax line is projected at $172 million, with Edwards' contract pushing them close to the apron. The Timberwolves can use the taxpayer mid-level exception to add a veteran minimum player. The team also retains the bi-annual exception, though it is smaller due to the apron restriction. Edwards' cap hold increases each year, with the 2025-26 salary projected at $39.9 million. The 2026-27 salary is projected at $43.1 million, followed by $46.5 million in 2027-28. The 2028-29 salary is projected at $50.2 million, with the player option for 2029-30 set at $54.2 million.
Team Options and Player Option
The Timberwolves hold a team option for the 2029-30 season,