Karl-Anthony Towns says Knicks' contract offer falls short of his expectations
The New York Knicks have proposed a four-year, $200 million extension to Karl-Anthony Towns, which is $77 million below the maximum he is eligible for, and the player indicated the gap remains unresolved.
Karl-Anthony Towns told reporters on Monday that the New York Knicks' proposed extension does not meet his expectations. He said he wants to stay with the team and is willing to work with the organization, but added that “none of those things are close to happening.”
When asked whether an agreement could be reached before the regular season, Towns replied that “it don’t look good.”
The Knicks have reportedly offered a four-year, $200 million deal, which is $77 million less than the $277 million maximum extension for which Towns is eligible. Towns indicated he is open to a discount but not at the level presented by the team.
Other players, including Josh Hart and Miles McBride, are also approaching contract extension deadlines, but negotiations appear to be at an early stage. The franchise, under owner James Dolan, is aiming to stay under the NBA’s second-apron salary threshold while planning for future extensions, such as that of Jalen Brunson, who becomes eligible next year.