The New York Knicks are in negotiations with Karl-Anthony Towns to discuss his forthcoming contract extension, ESPN reported.
Towns, who will turn 31 next November 15, enters his final guaranteed season valued at $57 million.
For the 2027-28 campaign there is a player option worth $61 million that, reportedly, he will decline in order to sign a new deal with the Knicks.
Bobby Marks reports that he is eligible for a maximum extension of 4 years and $277 million.
James Dolan has already made it clear that he will not, in any case, go past the Second Apron, and they will try to squeeze a “discount” into his next agreement.
According to sources close to the outlet SNY.com, talks between the two sides have been “positive” and they are targeting ranges of between $45M and $50M per year.
It is worth noting that his arrival in New York was heavily criticized for what it signified, namely the loss of Julius Randle and Donte DiVincenzo.
However, time has vindicated Leon Rose, as he was an essential part of the team’s resurgence in the playoffs and the subsequent conquest of the franchise’s third title in its history.
In the postseason he averaged 20.1 points, 12 rebounds, 3 assists and a steal in 31 minutes of play.
His orchestrator role from the paint “unlocked” the Knicks, especially when they found themselves in trouble against the Atlanta Hawks.
