Julius Randle signs new three-year contract to remain with Timberwolves

Randle will reportedly make $100 million over the next three years.

May 24, 2025; Minneapolis, Minnesota, USA; Minnesota Timberwolves forward Julius Randle (30) reacts against the Oklahoma City Thunder during the second half in game three of the western conference finals for the 2025 NBA Playoffs at Target Center. Mandatory Credit: Brad Rempel-Imagn Images | Brad Rempel-Imagn Images

Julius Randle has signed a new three-year, $100 million contract to stay with the Timberwolves, according to a post on X from ESPN Insider Shams Charania.

BREAKING: Three-time NBA All-Star Julius Randle intends to sign a new three-year, $100 million deal to stay with the Minnesota Timberwolves, sources tell ESPN. The deal includes a player option for the 2027-28 season. pic.twitter.com/j8fKA45gXu

— Shams Charania (@ShamsCharania) June 29, 2025

After acquiring Randle from the New York Knicks as part of the Karl-Anthony Towns trade last offseason, he had a player option worth nearly $30 million this offseason. This contract announcement means he has declined that option, and he will make around that same number over the next three seasons with a player option for the 2027-28 season, according to Charania.

Related: Report: 'Good chance' Nickeil Alexander-Walker gets more than mid-level exception

Minnesota's two biggest offseason questions have been answered. Randle and Naz Reid have now both signed long-term extensions to remain with the team. Randle's deal likely confirms that Minnesota will likely not have enough salary cap to retain Nickeil Alexander-Walker in free agency this offseason.

Randle dealt with a few injuries during the regular season, but averaged 18.7 points, 7.1 rebounds and 4.7 assists per game. He took things up to another level in the postseason averaging 22.6 points in the first round and 25.2 in the second round against the Warriors, but things dropped back down to 17.4 per game against the Thunder.

Randle will turn 31 in November, so he will be 33 years old in the final season of his new deal in 2027-28.