Naz Reid first heard the roar of the crowd when he was introduced before the Minnesota Timberwolves home opener. Reid then heard the crowd again when his big fourth quarter helped propel the Wolves to the win over the Miami Heat.

Reid said that sort of love from the fans, plus his role with the team, was what kept him in Minnesota. Reid signed a three-year extension, instead of testing free agency, this past summer.

"I wasn't going anywhere," Reid said. "I love it here, man. It's special. It's definitely a place I want to be and develop. ... Each and every year, I've gotten better, so there was definitely no reason for me to leave."

The Minnesota Timberwolves have exercised their 24-25 team option on guard Wendell Moore Jr.  

Moore Jr., 22, enters his second season in the NBA after appearing in 29 games (two starts) in his rookie campaign last season, averaging 1.4 points on 41.9% shooting, 0.6 rebounds and 0.6 assists. 

Moore was the 26th overall pick in the 2022 NBA draft out of Duke.

Jaden McDaniels is day-to-day with a left calf strain, the Minnesota Timberwolves announced on Tuesday.

McDaniels will miss the Timberwolves' regular season opener against the Raptors.

McDaniels recently signed a five-year, $136 million contract extension with the team. 

Marc Lore and Alex Rodriguez may need an extension for their last payment to become majority owners of the Minnesota Timberwolves. Glen Taylor revealed the circumstances of the unique payment plan during a podcast appearance. 

The incoming owners have until the end of December to exercise a call option, or state their intention to make their next payment and have the next 60 to 90 days to close, according to a lawsuit filing that outlines details of the unique layaway deal.

“I think they’ll push back [the deadline],” Taylor said. “I ask them if they’re set and if they got everything and they say they do, so I take them for their word. It doesn’t make much difference to me if it’s December, March or July. I’m going to keep doing what I’m doing. We’re pretty well set for this year.”

Lore and Rodriguez own 40 percent of the franchise after closing on the second payment. The third payment will push their interest to 80 percent, while the fourth option is due at the end of 2024. Taylor will retain a minority share in the team.

“Right now, I’m expected to run the team, and I do,” Taylor said on the podcast. “I work with the coach, [general manager] Tim Connelly and the businesspeople. That’s my responsibility, since I still have most of the ownership. When [Lore and Rodriguez] get in a position to take over those responsibilities within the next year, then I’ll still be part of the ownership [group], but we’ll see how much I participate.”

Taylor purchased the Wolves for $94 million in 1994 and agreed to sell the team to Lore and Rodriguez in 2021 for $1.5 billion.

Jaden McDaniels and the Minnesota Timberwolves have agreed to a five-year, $136 million extension.

McDaniels has become one of the NBA's best wing defenders since entering the NBA in 2020 out of Washington. 

Last season, McDaniels averaged 12.1 points, 3.9 rebounds and 1.9 assists in 30.6 minutes over 79 games. McDaniels also shot 39.8 percent on three-pointers. 

The Minnesota Timberwolves signed and waived Brian Bowen II and Javonte Cooke. These transactions were designed to get both players to the Iowa Wolves for the upcoming G League season.

Minnesota's roster now stands at 14 players signed to standard contracts and three players signed to two-way contracts.

The Minnesota Timberwolves have converted the contract of guard Daishen Nix to a two-way contract. 

Nix, 6-5, joined the Timberwolves after spending the last two seasons with the Houston Rockets. Last season, he appeared in 57 games (seven starts) while averaging career-highs of 4.0 points, 1.7 rebounds and 2.3 assists in 16.0 minutes per game. The Anchorage, Alaska native, has seen action in 81 career games (seven starts), all with the Rockets. Nix owns NBA career averages of 3.7 points, 1.6 rebounds and 2.1 assists in 14.5 minutes per contest.

During the 2023-24 preseason, Nix averaged 6.0 points on 57.1% shooting, including connecting on 6-of-8 from deep and 3.3 assists. His best performance of the preseason came against Maccabi Ra’anana on Oct. 17 when he finished with 23 points on 7-of-11 shooting and 10 assists. 

The Minnesota Timberwolves signed D.J. Carton to an Exhibit 10 contract. Carton will join the Iowa Wolves for the upcoming G League season.

Carton spent last season with Iowa. He averaged 14.5 points, 4.3 rebounds and 5.4 assists in 41 G League games.

The Minnesota Timberwolves waived Vit Krejci. Minnesota had signed Krejci to a non-guaranteed training camp deal.

Krejci played last season for the Atlanta Hawks. He's also played for the Oklahoma City Thunder in the NBA. Krejci will receive a $75,000 bonus if he joins the Iowa Wolves of the G League for at least 60 days of the upcoming season.

New York Knicks head coach Tom Thibodeau complimented Karl-Anthony Towns ahead of a preseason matchup against the Minnesota Timberwolves. Thibodeau praised Towns work in both the NBA and with the Dominican Republic National Team.

“Watching the progress he’s made throughout his career, he’s as gifted as they come,” Thibodeau said.

“When you look at an offensive player, particularly a big, the skill set that he has, I think we all saw, to win the 3-point contest and stuff like that, there’s nothing he can’t do offensively. He has continued to get better I think. He had some injuries to deal with. I watched him play in FIBA [the World Cup, for the Dominican Republic], he played really well there. He’s really, really gifted.”

Sources indicate that Thibodeau would welcome coaching Towns, if given the opportunity. If Towns were to ever hit the trade market, New York would be among the bidders to trade for the veteran center.