Karl-Anthony Towns Says $277 Million Knicks Extension Talks Are Not Close
Updated
Updated · Fox News · Oct 5
Karl-Anthony Towns Says $277 Million Knicks Extension Talks Are Not Close
3 articles · Updated · Fox News · Oct 5
Summary
Karl-Anthony Towns said Monday he and the Knicks are "not close" on an extension and added a deal before the regular season "don't look good."
A four-year, $277 million extension became available in August, but the New York Post reported the Knicks have offered about $200 million — roughly $77 million below that ceiling.
Towns said he wants a deal that helps keep the roster together while also showing the team values him, arguing a championship run should leave little doubt about his worth.
New York still has until June to reach an agreement, but second-apron payroll pressure and future extension decisions — including Jalen Brunson's expected max eligibility in 2028 — complicate the Knicks' cap planning.