The Minnesota Timberwolves are moving toward locking up one of their top young talents.
According to a new report from ESPN, the Timberwolves are making progress toward a contract extension for wing Andrew Wiggins.
Minnesota head coach and president of basketball operations Tom Thibodeau confirmed the organization is trying to extend Wiggins during a Wednesday press conference introducing free agent signing Jamal Crawford.
The potential deal would be worth $148 million over five years and would kick in for the 2018-19 season.
The extension would take effect in 2018-19 with a starting salary of $25.5 million that season. The sides could agree to terms where, if Wiggins made an all-NBA team or was named Defensive Player of the Year in 2017-18, that figure would jump to $30.6 million.
Last season, the 22-year-old Wiggins upped his scoring average from 20.7 to 23.6 points per game and shot a career-high 35.6 percent from three-point range.
Wiggins has only played three years in the league, and it looks like the Timberwolves are intent on keeping him as a part of the future.
With a young core of Wiggins, Jimmy Butler and Karl-Anthony Towns, Minnesota projects to be one of the more intriguing teams in the NBA over the next few seasons.