Knicks in Talks with Towns on a $200 Million Extension

October 2, 2026

The New York Knicks continue their characteristic tug-of-war with Karl-Anthony Towns.

According to sources close to journalist Jake Fischer, the Knicks would have offered him a four-year, $200 million extension, $76 million below the maximum permitted salary.

The Dominican, who will turn 31 in November, could become an unrestricted free agent next summer if he decides to decline his player option of $61 million for the 2027-28 season.

For the upcoming 2026-27 season, he will earn a guaranteed salary of $57 million, making him the highest-paid player on the Knickerbocker roster.

Towns averaged last season 20.1 points, 11.9 rebounds and three assists in 31 minutes per game.

Callum Mercer

Callum Mercer

Basketball has been part of my life for as long as I can remember. Based in Vancouver, I write about the players, teams and stories shaping the game across Canada, from the professional stage to the local courts where the next generation is emerging.