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For several weeks now, the idea of #Andrew Wiggins choosing to continue his time with the Minnesota Timberwolves seemed to be in jeopardy. However, on Wednesday it appears that Wiggins and the team have let the sports world know just where they stand. The Timberwolves signed their young star to a maximum contract extension that will keep him with the organization for several years from now. Here's the latest on the Andrew Wiggins deal and the season ahead for Minnesota.

What's the deal?

As ESPN reported on Wednesday, Andrew Wiggins signed a five-year contract extension with the #Minnesota Timberwolves. The extension is worth the maximum, reported at nearly $150 million.

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Wiggins had been contemplating the deal for over two months, but the young and emerging star finally inked the deal.

It was also mentioned there are no player options that were included in this contract extension. However, the fact that Minnesota has finally got Wiggins on the same page with them is a good thing, especially with the season under a week away.

Wiggins will turn 23-years-old early next year and the concept of #NBA free agency was approaching if he didn't sign the deal. The Timberwolves made the smart move to keep him on board, especially with the team they've put together for the coming season.

Timberwolves outlook

Last season, Minnesota finished a disappointing 31-51 despite having rising stars like Andrew Wiggins and Karl-Anthony Towns. The team lost Zach LaVine to an injury for a good portion of their season and ended up amongst the lottery teams for the NBA Draft.

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For the season, Wiggins averaged 23.6 points, four rebounds, and 2.3 assists per game. He's yet to make it onto the NBA All-Star team but is showing his value. The Wolves made sure he was aware of that value to them.

With Andrew Wiggins now being happily compensated, the Minnesota Timberwolves can focus on the season ahead. During this offseason, they've made several key moves in addition to this contract extension for Wiggins. The team made the huge trade to bring All-Star Jimmy Butler [VIDEO] over from the Chicago Bulls. To do that, they gave up Kris Dunn and Zach Levine along with a draft pick.

In addition, the team was able to snag guard Jeff Teague, formerly of the Indiana Pacers, and Taj Gibson, formerly of the Oklahoma City Thunder. Under head coach Tom Thibault, the Minnesota Timberwolves are a team that appears to be ready to make their way back into the NBA postseason.