Julius Randle, T-Wolves finalizing reported three-year, $100 million deal
Julius Randle and the Minnesota Timberwolves are finalizing a new deal that could keep him with the club through the 2027-28 season, a person with knowledge of the agreement said Sunday.
The final year of the deal will be at Randle's option and, if it is exercised, could push the total value of the contract to $US100-million, the person said.
The person spoke to The Associated Press on condition of anonymity because neither side announced the agreement. ESPN and The Athletic first reported the agreement.
Randle had a $US30.9-million player option for this coming season and could have been an unrestricted free agent in 2026.
He averaged 18.7 points and 7.1 rebounds per game this past season, his first with the Timberwolves, and helped the team make the Western Conference finals. Randle was one of the primary pieces in the trade last fall that sent Karl-Anthony Towns from Minnesota to New York. Randle had spent five seasons with the Knicks before that trade.
A three-time All-Star, Randle has averaged 19 points and 9.1 rebounds per game in 11 seasons with the Timberwolves, Knicks, New Orleans and the Los Angeles Lakers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
36 minutes ago
- Globe and Mail
My 3 Favorite Ultra-High-Yield Dividend Stocks to Buy Now
I'm not getting any younger. These days, I'm thinking more and more about retiring and the stream of passive income that will allow me to thrive instead of merely surviving. I'm attracted to high yields like everybody else, but there are more important factors to consider. Ares Capital (NASDAQ: ARCC), W.P. Carey (NYSE: WPC), and Realty Income (NYSE: O) have been hovering at the top of my list of dividend stocks to buy because they do more than just offer a high yield. All three of these stocks have remarkable track records when it comes to maintaining and raising their payouts. At the moment, they offer yields that are more than triple the average yield you'd receive from the average dividend payer in the S&P 500 index. Put it together, and they're hard to ignore. 1. Ares Capital Ares Capital is the largest business development company (BDC) with shares that trade publicly. These specialized entities fill in the private lending gap created by American banks that no longer lend directly to midsize businesses. Starved for capital, midsize businesses are willing to borrow at very attractive interest rates. The weighted average yield on Ares Capital's $27 billion portfolio was 9.8% at the end of March. Ares Capital isn't shy about sharing its investment income with shareholders. Just about every penny earned is paid out to a quarterly dividend that offers an 8.7% yield at recent prices. The BDC has a tendency to make extra dividend payments in times of plenty rather than commit to a permanent payout increase. Investors seeking a reliable income base will be glad to know its quarterly payout has been rising, or at least stable, since 2009. Direct lending to midsize businesses can be risky, but Ares Capital's enormous footprint in the asset management space means it has plenty of excellent borrowers to choose from. The BDC is externally managed by a subsidiary of Ares Management, a leading global alternative investment manager with around $546 billion in assets under management. Members of Ares Capital's underwriting team have over 25 years of experience on average, and it shows. At the end of March, just 0.9% of Ares Capital's total investment portfolio was on nonaccrual status. 2. W.P. Carey If you're willing to accept a smaller yield upfront in exchange for frequent payout increases, consider W.P. Carey. Shares of this diversified real estate investment trust (REIT) have been under pressure since it spun off its office building portfolio in 2023 and lowered its dividend accordingly. Throughout the Great Recession, W.P. Carey managed to raise its quarterly payout. The COVID-19 pandemic pulled the rug out from under its office portfolio, but it only lowered its payout by 19.7% in 2023, plus shareholders received new shares of Net Lease Office Properties. W.P. Carey has raised its dividend every quarter since it spun off Net Lease Office Properties. At recent prices, it offers a huge 5.7% yield that investors can reasonably expect to grow significantly in the years ahead. Its portfolio is highly diversified. It's three largest tenants combined are responsible for just 7% of total rent payments received annually. In April, management told us to expect between $4.82 and $4.92 in adjusted funds from operations (FFO), a proxy for earnings used to evaluate REITs. That's more than enough to meet a dividend commitment currently set at an annualized $3.60 and raise it further. 3. Realty Income Like W.P. Carey, Realty Income is a diversified REIT with steadily growing profits produced by a large portfolio of commercial property. Its cash flows grow reliably because annual rent escalators are written into long-term net leases that transfer all the variable expenses associated with building ownership to the tenant. At recent prices, Realty Income shares offer a 5.7% yield and confidence that comes with a very long payout raising streak. The company recently raised its monthly dividend payout for the 131st time since going public in 1994. With a 56-year operating history and 15,627 commercial properties spread throughout eight countries, Realty Income can borrow at interest rates that its smaller peers can only dream about. The company recently sold around $1.5 billion worth of euro-denominated notes at an effective rate of just 3.7%. For many companies that own their facilities, selling their buildings to Realty Income and leasing them back is an increasingly popular financing option. With the vast majority of leaseable buildings still owned by the businesses that operate in them, investors can look forward to many more years of steady payout raises. Should you invest $1,000 in Ares Capital right now? Before you buy stock in Ares Capital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ares Capital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
Globe and Mail
44 minutes ago
- Globe and Mail
2 Stocks That Have Doubled This Year and Are Still Worth Buying
Positive, company-specific developments have led to shares of TransMedics Group (NASDAQ: TMDX) and FuboTV (NYSE: FUBO) more than doubling this year, even as the S&P 500 is barely in the green since January. Investing wisdom advises us to buy low, and some might think that after a greater than 100% return in six months, it's too late to get in on these stocks. However, TransMedics Group and FuboTV still have excellent prospects that could lead to better-than-average returns over the long run. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » 1. TransMedics Group TransMedics Group, a medical device specialist that developed an innovative method for storing organs for transplant, entered the year facing challenges. First, the company's guidance disappointed investors. Second, TransMedics was the subject of a short-seller report from Scorpion Capital, which made a series of serious allegations, including claims that TransMedics Group is engaged in organ trafficking. However, the company has performed well this year because of better-than-expected financial results. In the first quarter, TransMedics' revenue increased by 48% year over year to $143.5 million. The company's net earnings per share came in at $0.70, doubling compared to the year-ago period. To top it all off, TransMedics raised its guidance for the full fiscal year 2025. With results like these, even the short-seller report that sank its stock price now looks like a distant memory. The best part is that there is still considerable upside potential for TransMedics Group. The company's organ care system (OCS) technology aims to mimic the physiology of the human body, enabling the storage of organs for longer periods, which results in significantly higher usage rates compared to traditional cold storage methods. It's already hard enough to find available transplants. It's a shame if they go to waste due to poor storage. Thus, TransMedics Group is helping revolutionize the organ donation business thanks to its OCS, and there is plenty of room for growth. The company estimates organ donations will grow at a decent rate through the next few years, at least. Capturing a larger share of the market and improving utilization rates for existing organ donations -- even if there aren't more donors over time -- should lead to stronger financial results for TransMedics Group. That's why the stock remains a buy today, at least for investors willing to stay the course for a while, even after doubling in value already this year. 2. FuboTV In January, streaming specialist FuboTV announced it was merging with Disney 's Hulu+ Live TV. The deal makes FuboTV far more attractive than it was before for several reasons. First, it helps diversify the company's offerings. FuboTV was known for its laser focus on sports streaming, a niche of the market that can be somewhat seasonal. Second, the deal came with the cancellation of the Venu initiative. Disney, Fox, and Warner Bros. Discovery were planning to launch a competing sports-focused streaming platform called Venu, which might have killed FuboTV altogether, considering the company's subscription growth rate had plummeted. Third, FuboTV got a nice infusion of cash as part of the deal. It got $220 million from the former backers of Venu. And that's on top of a $145 million term loan from Disney. Last but not least, Disney is now FuboTV's majority shareholder. The backing of a longtime successful media giant with equally successful ventures in the streaming niche will be of massive help to FuboTV. Yes, the stock has already skyrocketed this year, but considering the long-term opportunity in streaming, there should still be plenty of upside for FuboTV. Streaming accounted for 44.8% of television viewing time in May in the U.S., surpassing the combined share of broadcast and cable for the first time. Even so, that's in the U.S., one of the more penetrated markets. And even here, streaming likely hasn't peaked. That points to a massive whitespace worldwide. FuboTV will have to deal with stiff competition, but the company's new standing after the merger with Hulu+ Live TV -- and the backing of Disney -- should work wonders over the long run. That's why the stock is still a buy. Should you invest $1,000 in TransMedics Group right now? Before you buy stock in TransMedics Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and TransMedics Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
Globe and Mail
an hour ago
- Globe and Mail
Jacoby's Restaurant & Mercantile Named Among Best Restaurants in Austin for Steakhouse, Southern Cuisine, and Brunch
Popular Austin Restaurant Continues to Earn Attention for Farm-to-Table Dining, Highlighting Austin's Culinary Heritage Jacoby's Restaurant & Mercantile has established itself prominently among the best restaurants in Austin, recognized consistently by both culinary enthusiasts and local residents. Located in East Austin and renowned for its Southern-inspired culinary offerings, Jacoby's continues to evoke widespread praise for quality farm-to-table dishes that emphasize fresh, sustainable, and locally sourced ingredients. Embracing the region's deep-rooted culinary heritage, Jacoby's continues to draw significant attention for its culinary offerings. Renowned for authentic Texas cuisine and artisanal cooking techniques, the restaurant represents a unique culinary destination within Austin's vibrant dining landscape. Visitors to the restaurant enjoy selections created from quality ingredients sourced directly from the restaurant's dedicated ranching operations, setting it apart among restaurants in Austin, TX. At Jacoby's Restaurant & Mercantile, the dining menu is specifically curated to showcase the best of Texas beef, produced by Jacoby's family-owned ranching operations. Each steak served reflects careful attention to cut, quality, and preparation. Jacoby's Steak Frites and the classic Ribeye, along with distinctive house sauces and seasonally inspired side dishes, contribute significantly to its reputation as a leading steakhouse restaurant in Austin. Highlighting Southern cuisine traditions with a contemporary touch, Jacoby's offers specialties such as shrimp and grits, chicken fried steak, and fresh produce-driven salads and appetizers. The Southern-inspired dishes remain consistently popular with both visitors and local patrons, positioning Jacoby's prominently among prominent restaurants in Austin, TX noted for authentic and regionally representative menus. As brunch continues to trend as a significant weekend ritual among city residents, Jacoby's Restaurant & Mercantile maintains a commitment to delivering an outstanding brunch service. Guests frequently enjoy signature dishes such as biscuits and gravy, breakfast brisket sandwiches, and the highly acclaimed deviled eggs. Weekend brunch menus further accentuate seasonal ingredients from Texas growers and producers, reinforcing the restaurant's dedication to locally driven culinary experiences. Jacoby's has thoughtfully designed its dining space, reflecting both Southern and contemporary influences. Diners experience meals within a warmly inviting setting overlooking the Colorado River, enhancing the dining experience significantly. The lush grounds and comfortable outdoor seating areas make it ideal for private events, family gatherings, or community celebrations, further solidifying the venue as an exceptional restaurant in Austin for both tourists and locals. Besides their dedication to food directly sourced from Jacoby Ranch, sustainability initiatives play a crucial role in Jacoby's daily operations. The restaurant aligns itself consistently with sustainable practices such as minimizing food waste, utilizing environmentally conscious products, and favoring responsibly sourced ingredients. Such initiatives align Jacoby's with broader consumer trends prioritizing ecological stewardship and sustainable dining, bolstering the restaurant's strong standing among discerning Austin patrons. In addition to the restaurant, the adjoining Mercantile complements Jacoby's original dining experience. Visitors to the restaurant discover an artfully curated selection of artisan goods, locally produced items, and distinctive gift selections, showcasing Austin's thriving creative culture. The Mercantile also connects regional artisans and producers to the diverse community of consumers who support Austin's small businesses, positioning Jacoby's as a multifaceted local dining and shopping destination. Public and private events hosted at Jacoby's Restaurant & Mercantile frequently commemorate local heritage, culinary innovation, and the community-centric environment championed by the restaurant. Residents regularly explore an active events calendar that emphasizes appreciation for Austin's rich culinary traditions and cultural activities, further building Jacoby's presence among visitors and residents alike. Guests may conveniently explore upcoming gatherings by visiting Jacoby's Restaurant & Mercantile events page. Jacoby's Restaurant & Mercantile continues delivering culinary excellence and remains firmly positioned as a significant contributor among noted restaurants in Austin, TX. Its continued emphasis on quality ingredients, sustainable practices, and dedication to community engagement confirms Jacoby's as a valuable component of Austin's celebrated food culture. About Jacoby's Restaurant & Mercantile Jacoby's Restaurant & Mercantile is located on East Cesar Chavez Street in Austin, Texas, known for its Southern-focused culinary offerings and farm-to-table dining experience. Jacoby's Ranch, operated by the Jacoby family, provides high-quality, sustainable beef to the restaurant, ensuring meticulous control of the dining experience from farm to table. The restaurant serves lunch, dinner, and weekend brunch, in addition to offering curated artisan goods within the connected Mercantile space. Jacoby's offers private dining, event hosting, and regularly updated culinary programs that showcase seasonal ingredients and regional traditions. To explore more about hosting private dining or community celebrations, please visit their events page at Media Contact Company Name: Jacoby's Restaurant & Mercantile Contact Person: Adam Email: Send Email Address: 3235 East Cesar Chavez Street City: Austin State: Texas Country: United States Website:
