In a significant move signaling their intent to build a competitive roster, the New York Knicks have secured Jalen Brunson with a four-year, $156 million contract extension. Brunson's signing solidifies his role as a cornerstone of the franchise and showcases the Knicks' commitment to shaping a formidable team around the talented point guard.
This extension comes as a strategic investment in Brunson's future, reflecting his value to the Knicks both on and off the court. Brunson has quickly become an integral part of the team's core, and this deal ensures that he remains a pivotal figure in New York's quest for success.
Bridges' Contract Prospects
Meanwhile, Mikal Bridges finds himself in a unique position following his eligibility for an extension under the NBA's extend-and-trade rules. Bridges, who secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, was traded on July 6, opening up various future contract scenarios.
Under the extend-and-trade rules, Bridges can sign for up to four total years with a 20% raise in the first year of the new deal, followed by 5% annual raises thereafter. With two years remaining on his original contract, he could potentially secure around $61.2 million in new money. However, if Bridges opts to wait until the next offseason, he could negotiate a contract worth approximately $113 million over three new years.
Starting July 1, 2025, Bridges could leverage the typical veteran extension guidelines, which allow for a 40% raise in the first new year, with 8% annual raises. This scenario could enable Bridges to add four more years to his deal instead of two, potentially guaranteeing himself around $156 million over four new years and about $181 million in total. Furthermore, in the 2026 offseason, Bridges could sign a five-year deal starting at 30% of the salary cap with 8% annual raises, potentially earning up to $296 million. However, with another team, Bridges' maximum potential contract would be capped at four years with 5% annual raises.
OG Anunoby's Re-signing
In other news, OG Anunoby has also committed to New York, signing a substantial contract worth $212.5 million. This re-signing marks another crucial step for the Knicks as they aim to bolster their roster with key talents.
These strategic extensions and signings reflect the Knicks' broader strategy of securing long-term commitments from their core players. By building a roster around established and emerging stars like Brunson and Anunoby, the Knicks are positioning themselves as serious contenders, poised to make significant strides in the upcoming seasons. As teams across the league navigate the complexities of contracts and extensions, the Knicks' proactive approach could set them apart in their pursuit of success.