He is, because it's relative to market value and not some imaginary standard of a max contract guy.
He gets a ton of grief here, but he's a good player. He didn't defend well last season, but neither did our boy KAT and he doesn't get criticized for it.
And that's because neither of them should. Tibs played them both huge minutes and they had to carry the entire scoring load. A couple guys barely old enough to vote aren't going to be elite two way players with no help for 42 minutes a night.
But the potential is absolutely there for Wiggins to be an All Defensive team guy. He's a freaky athlete with crazy length and quick twitch reactions. With some actual players and defenders around him I think he really blossoms now.
Besides, look at the list of guys who have averaged 20+ ppg at 21 years or younger. I bet it's LeBron, Durant, Jordan, Shaq, Melo, Rose, Amare, KAT and Booker alongside Wiggins.
Every one of those guys was/would be a max contract guy (ignoring what we know about injuries in hindsight), and you're definitely not signing a guy of his caliber in Minnesota.