Karl-Anthony Towns is eligible for a two-year, $150 million extension with the New York Knicks, but is likely to play out his current contract as talks remain inactive.
Karl-Anthony Towns has the chance to add two more years to his deal with the New York Knicks, but so far, there's been little movement this offseason.
Karl-Anthony Towns
Karl-Anthony Towns
Position: C
Age: 29
Height: 213 cm
Weight: 112 kg
Birth place: New Jersey, United States of America
According to Stefan Bondy of the New York Post, Towns has until October 20 to finalize an extension. His current contract runs through the 2026–27 season and features a $61 million player option for 2027–28.
A two-year max extension could be worth $150 million, though there's no sign that negotiations have begun, per the same report.
Towns' agent hasn't responded to Stefan Bondy's requests for comment, and team president Leon Rose rarely speaks publicly.
It seems most likely that Towns will play out his current contract, possibly exercising his 2027–28 option before considering a new deal.
Credit AP - Scanpix
Even as a four-time All-Star, committing $75 million per year could be a tough choice for the Knicks, who, like other teams, are mindful of the financial limits imposed by the second salary cap apron.
Towns was a central figure in the Knicks' deepest playoff run in decades, helping the team reach the Eastern Conference Finals last season.
In the 2024–25 playoffs, he averaged 21.4 points, 11.6 rebounds, and 1.3 assists per game, shooting 48.8% from the field and 35.1% from three.
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