Knicks Double Down on Brunson with Massive Extension
The New York Knicks have reaffirmed their commitment to Jalen Brunson by signing the point guard to a lucrative four-year, $156 million contract extension. This deal solidifies Brunson as a central figure in the Knicks' future plans and showcases the franchise's dedication to constructing a competitive team around their talented playmaker.
Brunson, who has proven his worth on the court, will now be a linchpin in New York's aspirations to climb the ranks in the NBA. By securing Brunson's services for the foreseeable future, the Knicks are not only banking on his current abilities but also his potential to grow and lead the team deep into playoff contention.
While the Knicks are making bold moves to solidify their roster, another notable player, Mikal Bridges, finds himself at a potential crossroads in his career. Bridges, who became eligible for an extension under the NBA's extend-and-trade rules on October 1, has a spectrum of options in front of him that will significantly influence his professional journey.
Bridges previously struck a four-year, $90 million rookie extension with the Phoenix Suns in 2021. However, with Bridges being traded on July 6, the extend-and-trade rules now pertain to his current situation. These rules allow Bridges to sign a deal for up to four total years, starting with a 20% raise in the first year of the new contract, followed by 5% annual raises. This could net him approximately $61.2 million in new money with two years still remaining on his original contract.
Alternatively, Bridges has the option to wait until the next offseason, potentially securing a more lucrative contract worth around $113 million over three new years. The extend-and-trade guidelines offer a framework, but the timing of Bridges' decision could significantly impact his financial future.
For long-term prospects, starting July 1, 2025, Bridges can tap into the typical veteran extension rules. These rules facilitate a 40% raise in the initial year of the new deal, with 8% annual raises subsequently, enabling him to add four more years to his contract. This strategic move could guarantee Bridges around $156 million over four new years, bringing the total value of his deal to approximately $181 million.
Looking even further ahead, Bridges will be eligible in the 2026 offseason to secure a five-year deal commencing at 30% of the salary cap, with 8% annual raises. This could potentially result in an eye-popping contract worth up to $296 million. Notably, if Bridges were to sign with another team, his maximum potential contract would be capped at a duration of four years with 5% annual raises.
Amidst the swirling contract negotiations and financial planning, another significant signing has taken place. OG Anunoby has re-signed with New York for a massive $212.5 million. This reaffirms the franchise's ambition and readiness to invest heavily in its key players to build a formidable roster.
The maneuvers made by the Knicks highlight a clear strategy: invest in top-tier talent to ensure competitiveness. By locking down premier players like Brunson and Anunoby with substantial contracts, and keeping an eye on potential acquisitions and extensions like those involving Bridges, New York appears to be firmly focused on building a sustainable contender in the fiercely competitive landscape of the NBA.