Karl-Anthony Towns signed a $224 million supermax extension with the Minnesota Timberwolves at the beginning of July. On Friday, the Timberwolves officially announced the agreement, with Towns speaking to the media. Here's what the star big man had to say, per Timberwolves reporter Dane Moore.

Karl-Anthony Towns spoke on the supermax extension, saying that he is “privileged to call Minnesota home for many more years.” Towns will be under contract through the 2028 season. When he says many years, and many more after that, what exactly does he mean?

That's right, Towns said his “dream” was to retire as a member of the Timberwolves, the team that drafted him back in 2015. He said he feels very good about that possibility after putting pen to paper on the supermax. And what are his immediate goals after securing his future with Minnesota?

Karl-Anthony Towns isn't messing around now. The three-time All-Star emphasized winning, saying that “it's championship or bust” time for the Timberwolves. Certainly, a lofty goal for a team with just two playoff appearances since the 2004-05 season.

However, the franchise is also coming off of a 46-win season and a victory in the NBA Play-In Tournament in the 2021-22 season. Then they went out and traded for three-time defensive Player of the Year Rudy Gobert, who will team up with Towns to form perhaps the best frontcourt in the league.

With star guard Anthony Edwards also coming into his own in year two, there is reason to believe that the Wolves could be a contender.

It's up to Karl-Anthony Towns and company to make the words in this press conference come to life.