Andrew Wiggins, Minnesota Timberwolves working on contract extension

Minnesota Timberwolves coach and president of basketball operations Tom Thibodeau said Wednesday that the team is "working on" a contract extension for rising star forward Andrew Wiggins.

The 22-year-old, who was drafted with the No. 1 overall pick in 2014, is eligible to sign a deal which could pay him around $150 million over five years, locking him in as a franchise cornerstone in Minnesota. The deal, which has to be agreed to before the start of this upcoming season, would kick in for the 2018-19 season. 

Under the NBA's new collective bargaining agreement, teams can now have two players on their roster on designated rookie-scale extensions. Minnesota's other young star, Karl-Anthony Towns, will be eligible for such an extension next summer.

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Wiggins, who posted a career-high 23.6 points per game last season, has shown flashes of brilliance during his three NBA seasons and has the potential to develop into an elite two-way wing. He and Towns will play alongside several new faces this season — including All-Star forward Jimmy Butler, point guard Jeff Teague, and veterans Taj Gibson and Jamal Crawford — as the Timberwolves look to put an end to the franchise's 13-year postseason drought and compete with the best of the West. 

"These guys can really play, put the ball in the basket," Butler said at his introductory press conference late last month. "We're gonna guard, we're gonna get out in transition. ... We're gonna be tough. We're gonna be tough.

"I'm looking forward to it, just to play with these guys, because they play with so much joy. They have fun and they want to get better, and when you put that all together on one team — they talked about sky being the limit, but I think we can go a lot higher than that."

Contributing: USA TODAY Sports' Jeff Zillgitt

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