MANKATO, Minn. (AP) Minnesota Timberwolves owner Glen Taylor said Monday that he is ready to commit nearly $150 million to Andrew Wiggins with a max-level extension of his rookie contract. Before he does so, Taylor wants to sit down face-to-face with Wiggins to hear the former No. 1 overall pick commit to the franchise in a similar fashion.

Wiggins' scoring numbers have improved in each of his first three seasons. He averaged 23.6 points per game and shot 35.6 percent from 3-point range last season, more than 5 percent better than his previous season. But the Wolves have not made the playoffs since 2004, and it's clear that when Taylor decides to give a contract of this magnitude after adding Jimmy Butler via trade and veterans Taj Gibson and Jamal Crawford in free agency, he is expecting it to pay off quickly.

"To me, by making this offer, I'm speculating that his contribution to the team will be more in the future," Taylor told The Associated Press. "We've got to be better. He can't be paid just for what he's doing today. He's got to be better.