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

Timberwolves guard Malik Beasley
Issac Baldizon/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.