Overview

• Towns is eligible for a two-year, $150 million extension through October 20 and could instead run out his current deal ending in 2027 with a $61 million player option for 2028.
• Sources report Towns’ agent and team president Leon Rose have offered no updates on negotiations, leading many to expect he will delay a new contract.
• Last season, Towns averaged 24.4 points, 12.8 rebounds and shot 42 percent from three, but his injury history and defensive inconsistencies raise questions at a projected $75 million annual salary.
• Having locked in Mikal Bridges on a four-year, $150 million deal structured to preserve apron space, the Knicks are focused on title contention while guarding against second luxury-tax penalties.
• The front office has signed Jordan Clarkson and Guerschon Yabusele to bolster reserve scoring, aiming to maintain depth without exacerbating luxury-tax liabilities.