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Report: Timberwolves re-signing Malik Beasley to four-year, $60M contract

Timberwolves guard Malik Beasley

MIAMI, FL - FEBRUARY 26: Malik Beasley #5 of the Minnesota Timberwolves reacts to a play during the game against the Miami Heat on February 26, 2020 at American Airlines Arena in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2020 NBAE (Photo by Issac Baldizon/NBAE via Getty Images)

NBAE via Getty Images

The Timberwolves just drafted shooting guard Anthony Edwards No. 1.

But Minnesota will still sign incumbent shooting guard Malik Beasley to a lucrative new contract.

Shams Charania of The Athletic:

Beasley rejected a three-year, $30 million contract extension from the Nuggets before last season. So, he comes out way ahead.

Between joining Minnesota just prior to the trade deadline and the Timberwolves’ season ending prematurely due to the coronavirus pandemic, Beasley really shined in a limited sample. The 23-year-old is a high-volume and highly efficient 3-point shooter.

Still, it’s somewhat surprising Beasley secured such a big contract for a few reasons:

  • He’s a restricted free agent, and the Timberwolves could have forced him to get an offer sheet. Though the Knicks loomed, I’m not convinced he would’ve gotten more elsewhere.
  • Though I rate Edwards as nowhere near a sure thing, Minnesota just valued him as the No. 1 pick. Perhaps, Edwards and Beasley will be big enough to play together on the wing.
  • Beasley is facing legal issues.