Karl-Anthony Towns is eligible for a contract extension with the New York Knicks, but the two sides have been unable to reach an agreement in the wake of this past season's championship victory. Towns is eligible for a four-year deal worth more than $276 million. The star big man is willing to take a pay cut to afford the team roster flexibility, but reportedly views the extension offered by the Knicks as "unreasonable." "From what I am told — similarly to what Jalen Brunson did — he is also willing to take a pay cut.
But the pay cut that the Knicks are asking him to take, he views as unreasonable," ESPN NBA insider Malika Andrews reported on Tuesday. During his appearance at Knicks media day on Monday, Towns made it very clear that he hopes to reach an agreement with the franchise. However, it's reportedly unlikely that a deal will get done before the start of the 2026-27 season.
"I've made it known I want to play here," Towns said. "I've been a fan since I was a kid. I'd like to get it done and step on the floor and feel as comfortable as possible." Towns is set to earn $57 million this coming season, with a $61.1 million player option for the Knicks' 2027-28 campaign.
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