Jalen Brunson Inks Major Extension with New York Knicks
The New York Knicks have made a decisive investment in their on-court future by signing Jalen Brunson to a four-year, $156 million contract extension. This significant move underscores the franchise's commitment to building a competitive team around their stellar point guard. Brunson's new deal not only highlights his value to the Knicks but also signals the team's intention to place him at the core of their long-term strategy.
Brunson has been an integral part of the Knicks' lineup, and this extension cements his role as a foundational piece moving forward. The Knicks are clearly banking on his talent and leadership to help drive the team to new heights in the coming seasons. As the team continues to build its roster, having a reliable and gifted player like Brunson at its center provides a solid foundation upon which to grow.
Mikal Bridges' Future Prospects
Meanwhile, Mikal Bridges finds himself in an intriguing contractual situation with several potential outcomes. Having become eligible for an extension under the NBA's extend-and-trade rules as of October 1, the talented player has multiple avenues available for securing his financial future.
Bridges previously signed a four-year, $90 million rookie extension with the Phoenix Suns in 2021. However, he was traded on July 6, which opens up new possibilities under the extend-and-trade guidelines. These rules would allow Bridges to sign for up to four total years with a substantial 20% raise in the first year, followed by 5% annual raises thereafter. With two years remaining on his current deal, this could amount to around $61.2 million in new money.
Should Bridges opt to wait until the next offseason, he stands to gain even more. By leveraging his impending free agency, he could potentially secure a contract worth approximately $113 million over three new years. This strategic patience might prove financially beneficial as Bridges evaluates his long-term career options.
Looking Ahead to 2025 and Beyond
The landscape becomes even more promising for Bridges starting July 1, 2025. At that point, he can take advantage of the traditional veteran extension guidelines, which permit a 40% raise in the first new year, followed by 8% annual raises. Under these terms, Bridges could add four new years to his contract instead of two, which could guarantee him around $156 million over four years and approximately $181 million in total.
By the offseason of 2026, Bridges' earning potential reaches its zenith. He could sign a five-year deal starting at 30% of the salary cap with 8% annual raises, potentially amassing up to $296 million. However, it is essential to note that if he chooses to sign with another team, the maximum potential contract would be limited to four years with 5% annual raises, constraining his financial upside to some extent.
OG Anunoby Re-signs in New York
The Knicks have also managed to retain another key player. OG Anunoby, known for his defensive prowess and versatility, has re-signed with the team for $212.5 million. This deal further demonstrates the organization's commitment to surrounding Brunson with talent and depth, aiming to make a significant impact in the highly competitive NBA landscape.
As the Knicks look towards the future, securing these pivotal contracts is a clear sign of their intent to build a robust and competitive squad. While the immediate focus remains on forthcoming seasons, the long-term planning evident in these contracts speaks volumes about the franchise's broader ambitions. With a mix of proven talent and strategic foresight, the Knicks aim to establish themselves as perennial contenders in the coming NBA seasons.