Minnesota Timberwolvesguard Patrick BeverleyRep1 Basketball’s Kevin Bradbury, his agent, said that the client had agreed to a one year extension of his $13 million contract.
Beverley was in the last season of a $40 million three-year contract. The new agreement will see him through the 2022-2023 season.
Beverley made a significant contribution to the Timberwolves’ rise into the Western Conference playoffs by arriving as an offseason trading partner. Beverley (33), has scored nine points, 9.4 rebounds, 4.9 assists, as well as 1.1 steals, in just 26 minutes per game for Minnesota.
His leadership and toughness are important to the organization’s young roster’s success this season. The Timberwolves are currently at 30-27 and still hold seventh place in Western Conference.
Beverley played in 59 playoff games over his career, including 31 with the club the last three seasons. LA Clippers. Timberwolves expect him to bring his postseason experience and his success to his new teammates.
With the agreement, the Timberwolves will not lose Beverley in free agency. Minnesota had $107million of salary in 2022-2023 committed before Minnesota extended Beverley. They are not expected to have any salary cap space available for free agency. The team could still benefit from a $10 million exception at the mid-level and remain below the $147 million luxury tax.
Beverley was traded to the MLS in an offseason deal Memphis GrizzliesHe had a stopover at the Clippers after he was traded by them following four seasons. After five seasons playing with the Clippers, Beverley was traded to the Clippers. Houston Rockets2017
This report was contributed by Bobby Marks, an insider at ESPN.