Minnesota Timberwolves forward Andrew Wiggins’ newly signed five-year maximum rookie-scale extension — worth $146.5 million — does not include a player option, league sources told The Vertical.

The Vertical reported on Sept. 21 that Wiggins was progressing toward a deal with Minnesota.

The Timberwolves prioritized extending Wiggins before the Oct. 16 extension deadline for 2014 NBA draft members. Wiggins’ previous agent, Bill Duffy, negotiated a maximum contract with the Timberwolves this summer before the sides parted ways.

The Timberwolves announced the extension on Wednesday, but did not disclose terms.

Wiggins, 22, was the No. 1 overall selection in the 2014 draft and has joined Karl-Anthony Towns and Jimmy Butler as pillars of the Timberwolves’ franchise.

Wiggins averaged 23.6 points, four rebounds and 2.3 assists in 82 games last season. He also shot a career-high 35.6 percent from 3-point range, continuing to develop as a playmaker and two-way player. Minnesota added Butler, Jeff Teague, Taj Gibson and Jamal Crawford this offseason and is expected to compete for a postseason spot in the Western Conference.

Wiggins entered the NBA in 2014 after one standout season at Kansas. He was picked by the Cavaliers on draft night and later traded to Minnesota as part of a deal for Kevin Love.

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