Overview
- Reports on Wednesday say negotiations between Karl‑Anthony Towns and the New York Knicks have stagnated and a deal before training camp is now considered unlikely.
- Towns is eligible for a four‑year maximum extension worth roughly $272 million to $277 million, will earn about $57 million this season, and holds a roughly $61 million player option for 2027‑28.
- The Knicks have reportedly floated proposals that start in the $45 million to $50 million per year range as they try to keep payroll under the NBA’s second luxury‑tax apron.
- Sources describe talks as cordial and ongoing and note there is no preseason deadline because Towns can still sign an extension during the season.
- The impasse already shaped roster moves this summer—most notably letting backup center Mitchell Robinson leave—and it creates a near‑term cloud over camp while the team weighs how to preserve flexibility for extensions for Brunson, Hart and others.