Photo: Peter Baba

The Minnesota Timberwolves and shooting guard Anthony Edwards have reached an agreement on a five-year, designated rookie extension that will pay him the maximum salary, agents Bill Duffy and Joe Branch tell Adrian Wojnarowski of ESPN (Twitter link).

“I’m humbled, appreciative and excited to remain in Minnesota as a part of this incredible Timberwolves organization,” Edwards said in a statement to Wojnarowski (Twitter link). “It’s amazing to see where hard work can take you.”