Timberwolves veteran leader Conley agrees to a two-year, $21 million extension

Minnesota Timberwolves guard Mike Conley Jr. has agreed to a two-year, $21 million contract extension, agents Stephen Human and Jess Holtz of CAA Basketball told ESPN on Monday.

The deal keeps Conley — a major stable presence in the Western Conference's top seed — out of summer free agency and under contract through the 2025-26 season.

Conley played a huge role in the Timberwolves' rise to the elite of the Western Conference, reaching a trade deadline deal with Utah in February 2023. He immediately provided leadership and consistent play at point guard for a team desperate for it.

Conley reunited with Rudy Gobert in Minnesota and helped bring together the great talent of Anthony Edwards, Karl-Anthony Towns and Gobert. The Timberwolves are 37-13 when Conley plays this season and 2-3 when he's out.

Conley is shooting 44% on 3-pointers this season, the best of his career. He also hit a 59% effective field goal percentage, the best of his career. Conley also ranks second in pass rushers in the league, trailing only Washington's Tyus Jones.

ESPN Statistics & Information contributed to this report.