When his current contract with the Minnesota Timberwolves ends in the summer of 2024, Karl-Anthony Towns will have made $183,973,035 in NBA money, per Spotrac.
The Timberwolves drafted Towns with the first overall pick in the 2015 draft out of Kentucky. The talented big man made $5,703,600 during his rookie season and finished the year with averages of 18.3 points and 10.5 rebounds per game for the Wolves. Towns won the Rookie of the Year Award and Minnesota had its first star since Kevin Garnett.
In his second season, Karl-Anthony Towns earned $5,960,160 and averaged 25.1 points and 12.3 boards per contest. He completed his four-year rookie contract with the Wolves by making $6,216,840 in Year 3 and $7,839,435 in Year 4. Towns also made the All-Star team in Years 3 and 4.
During the summer before Towns' fourth year in the league, the Wolves signed him to a five-year, $158.25 million Designated Veteran extension. The massive contract was set to kick in during the 2019-20 campaign.
Before the 2019-20 season was suspended due to COVID-19, Karl-Anthony Towns was set to make $27,285,000. The two-time All-Star was averaging 26.5 points, 10.8 rebounds and 4.4 assists per game for the Wolves before the NBA was forced to put the season on hold. Towns was only able to play in 35 games because of a knee and wrist injury.
Moving forward, KAT will make $29,467,800 in 2020-21, $31,650,600 in 2021-22, $33,833,400 in 2022-23 and $36,016,200 in 2023-24. His Designated Veteran extension can reach $190 million if he can achieve his incentive goals.
The Wolves are banking on Karl-Anthony Towns and D'Angelo Russell to save the franchise. Minnesota has only made the playoffs nine times since becoming a pro team back in 1989. Both Towns and Russell are making superstar money moving forward, so the two youngsters and All-Stars have to at least get the Wolves to the postseason in the near future.
Towns has career averages of 22.7 points, 11.8 boards and 2.8 assists. He's a career 53.4 percent shooter from the field, 39.6 percent from beyond the arc, and 79.6 percent from the free-throw line. The 7-footer also has a 1.5 block career average despite a reputation for being a poor defender and rim protector — something that the 24-year-old can still hope to improve and could be the catalyst in turning the Timberwolves into a competitive team and possible contenders.
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