Last Updated on December 27, 2024 by Mathew Diekhake
Anthony Edwards, the dynamic shooting guard for the Minnesota Timberwolves, has secured significant contracts since entering the NBA as the first overall pick in 2020. Below is a detailed overview of his contract history:
Rookie Contract (2020)
- Details:
- Date Signed: November 29, 2020
- Duration: 4 years
- Total Value: $44.27 million
- Guaranteed Amount: $44.27 million
- Average Annual Salary: $11.07 million
- Annual Breakdown:
- 2020-21: $9.76 million
- 2021-22: $10.25 million
- 2022-23: $10.73 million
- 2023-24: $13.53 million
This contract was a standard rookie-scale deal for the first overall pick, fully guaranteed over four years.
Contract Extension (2023)
- Details:
- Date Signed: July 8, 2023
- Duration: 5 years
- Total Value: Up to $260 million
- Guaranteed Amount: $244.62 million
- Average Annual Salary: $48.92 million
- Annual Breakdown:
- 2024-25: $42.18 million
- 2025-26: $45.55 million
- 2026-27: $48.92 million
- 2027-28: $52.30 million
- 2028-29: $55.67 million
This extension reflects Edwards’ rising stardom and is structured as a maximum contract, with the potential to reach $260 million based on performance incentives, such as All-NBA selections.
Career Earnings Summary
- Total Guaranteed Earnings: Approximately $288.89 million
- Potential Earnings with Incentives: Up to $304.27 million
These figures underscore Edwards’ status as a cornerstone of the Timberwolves’ future, with his earnings reflecting his significant contributions on the court.
Anthony Edwards’ contract progression mirrors his development into one of the NBA’s premier young talents, with the Timberwolves investing heavily in his potential to lead the franchise in the coming years.