The Minnesota Timberwolves and Andrew Wiggins are negotiating a contract extension.
The max extension for Wiggins would be worth approximately $148 million over five seasons.
"We're working on it right now," said Tom Thibodeau.
The Wolves can have up to two five-year "designated" extensions as Karl-Anthony Towns will become eligible for an extension in 2018.
When Minnesota signed Kevin Love to an extension coming off his rookie deal, David Kahn saved the five-year extension for Ricky Rubio as teams could only have one designated extension under the previous CBA.