Report: Wiggins, Timberwolves to finalize 5-year extension by Saturday

Andrew Wiggins is reportedly close to signing a $148-million extension. (Matt York/AP)

Andrew Wiggins is expected to finalize a five-year, $148-million extension with the Minnesota Timberwolves by this weekend, reports ABC5’s Darren Wolfson.

The new deal would kick in for the 2018-19 season as Wiggins still has one year remaining on his rookie contract. The Timberwolves open training camp Saturday, so the timeline for signing the extension seems to make sense.

Wiggins has improved in each of his three seasons in the NBA, and is coming off a campaign in which he averaged 23.6 points, 4.0 rebounds and 2.3 assists per game. The former first overall pick has been a durable player as well, suiting up for all but one game to this point in his career despite logging more than 36 minutes per night.

Minnesota finished 2016-17 with a 31-51 record, good for 13th place in the Western Conference. Expectations will be higher this season, with Jimmy Butler, Jamal Crawford and Jeff Teague joining Wiggins and fellow young star Karl-Anthony Towns on the roster.