The New York Knicks have made a significant move to solidify their future by agreeing to a four-year, $156 million contract extension with Jalen Brunson. This deal not only secures Brunson's place in the Knicks' core but also underscores the franchise's commitment to building a competitive team around their talented point guard.
Brunson has consistently demonstrated his value on the court, and this substantial contract serves as a testament to his importance to the Knicks' long-term plan. His ability to control the tempo of the game and contribute both offensively and defensively makes him an integral piece of New York’s strategy moving forward.
Mikal Bridges and Future Options
Meanwhile, Mikal Bridges, who became eligible for an extension under the NBA's extend-and-trade rules on October 1, is carefully weighing his options. Bridges, originally securing a four-year, $90 million rookie extension with the Phoenix Suns in 2021, was traded on July 6, dramatically changing his career trajectory.
The extend-and-trade rules provide Bridges with a unique opportunity: he can sign for up to four total years with a 20% raise in the first year of the new deal and 5% annual raises thereafter. With two years remaining on his initial deal, Bridges could potentially sign for around $61.2 million in new money under these provisions. However, if he opts to wait until the next offseason, he might lock in a contract worth approximately $113 million over three new years—a significant upgrade.
Longer-Term Considerations for Bridges
Starting July 1, 2025, Bridges can leverage the typical veteran extension guidelines, which would allow a 40% raise in the first new year, followed by 8% annual raises. This avenue could enable Bridges to secure four additional years on his deal instead of two, potentially guaranteeing himself about $156 million over four new years and approximately $181 million in total.
Looking even further ahead, in the 2026 offseason, Bridges could sign a five-year deal starting at 30% of the salary cap with 8% annual raises. This could potentially earn him up to $296 million, underlining the substantial earning potential tied to his performance and market conditions.
However, should Bridges decide to join another team, the terms would be less favorable. He would be limited to a four-year contract with 5% annual raises, aligning with standard league regulations for players switching franchises.
OG Anunoby's Contract Milestone
In another significant development, OG Anunoby has re-signed with New York for a lucrative $212.5 million. This deal, one of the most substantial amongst his peers, further cements his status as a pivotal figure in the Knicks’ roster.
The financial commitments being made by the Knicks reflect a clear strategy aimed at building a robust and competitive team framework, banked heavily on the skills and growth potential of their key players like Brunson and Anunoby. As these contracts unfold and players decide on their future options, the landscape of the NBA will undoubtedly continue to shift, providing fans with an ever-evolving and thrilling sporting narrative.