Andrew Wiggins will be bidding on the 2019-2020 NBA title this year.
The Minnesota Timberwolves star has become the highest-profile target of the NBA’s new collective bargaining agreement, which takes effect July 1.
According to a source close to the situation, the team is in serious talks with Wiggins to make him the face of the franchise in 2020.
It will likely be in the millions of dollars, and the Timberwolves could be forced to pay it out in installments over the next three years.
Sources close to Wiggins told USA TODAY Sports that he is in the final stages of finalizing a contract that would pay him about $25 million a year, with an additional $15 million a season guaranteed.
The source said the Timberwolves will not offer Wiggins a max contract, but instead will offer a four-year contract with a $50 million max guaranteed.
Wiggins’ agent, Nick Barboza, has not responded to multiple messages seeking comment.
If the Timberwolves do reach a deal with Wiggins, he will become the only player in the history of the league to win the MVP award in each of the last three seasons, and will become only the third player in NBA history to earn more than $150 million in a single season.
He will also become the first player in league history to win three championships in a three-year span.
In 2016, Wiggins averaged 23.8 points, 9.4 rebounds and 6.3 assists per game for the Timberwolves, who made the NBA Finals.
He led the NBA in scoring (30.4 points per game), assists (6.8) and steals (4.3).
In 2017, Wiggins helped the Timberwolves reach the playoffs for the first time in nine seasons.
Wiggins scored 28.5 points per contest, leading the league in scoring and assists.
The Timberwolves were swept by the Golden State Warriors in the first round of the playoffs.
Wolves general manager Tom Thibodeau also signed Wiggins, who averaged 20.7 points, 7.8 rebounds and 7.3 blocks per game during the regular season.
He became the fourth-highest-paid player in Timberwolves history when he signed a five-year, $64 million contract in 2019.
The Timberwolves traded their first-round pick in 2018 to the Golden States Warriors in exchange for Wiggins.
The deal sent Minnesota’s second-round draft pick in 2019 and the 2019 second-rounder to the Warriors.
The trade was finalized on June 10.