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Garnett's Historic Contract: NBA's First $125 Million Deal

10/13/2025

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Summary

Story summary

On October 1, 1997, Kevin Garnett signed a six-year, $125 million contract with the Minnesota Timberwolves, making him the highest-paid player in the NBA and the richest contract in professional sports at that time.
Garnett was traded to the Boston Celtics, where he won the 2008 NBA title.
He believed the Minnesota Timberwolves were not making sufficient efforts to win.

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Story summary

On October 1, 1997, Kevin Garnett signed a six-year, $125 million contract with the Minnesota Timberwolves, making him the highest-paid player in the NBA and the richest contract in professional sports at that time.
Garnett was traded to the Boston Celtics, where he won the 2008 NBA title.
He believed the Minnesota Timberwolves were not making sufficient efforts to win.