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Knicks Secure Mikal Bridges With Four-Year, $150M Extension

The extension locks in a core two-way contributor under terms aimed at preserving cap space below the NBA’s second luxury-tax apron.

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8-01-2025

Overview

  • The Knicks officially signed Bridges to a four-year, $150,000,001 extension that includes a 2029–30 player option and a 15% trade kicker.
  • Bridges accepted a roughly $6 million discount from his maximum extension to help New York navigate its evolving luxury-tax framework.
  • Front-office intel that Giannis Antetokounmpo would remain in Milwaukee prompted the timing of the deal and closed the door on a potential blockbuster pursuit.
  • With Bridges’ new contract in place, New York projects to sit about $4 million below the second luxury-tax apron for the 2025–26 season.
  • The extension cements Bridges’ iron-man streak of 556 consecutive games and positions him as a cornerstone alongside Jalen Brunson and Karl-Anthony Towns.