In a significant move that underscores the New York Knicks' commitment to building a competitive roster, Jalen Brunson has signed a four-year, $156 million contract extension. This landmark deal solidifies Brunson’s position as an integral part of the Knicks' core, demonstrating the franchise's faith in their talented point guard.
Brunson's extension is a clear signal of the Knicks' strategy moving forward. The point guard, who has shown substantial growth and promise, is now set to be at the center of the team’s plans. The $156 million agreement not only underscores his value but also aligns with the Knicks’ vision of developing a formidable team around him.
Meanwhile, notable movements and potential contract extensions are also in the air for other NBA stars. Mikal Bridges, who became eligible for an extension under the NBA's extend-and-trade rules on October 1, remains a key player to watch. Bridges had already secured a four-year, $90 million rookie extension with the Phoenix Suns back in 2021. However, since being traded on July 6, more opportunities have opened up for him.
The extend-and-trade rules offer Bridges the opportunity to sign for up to four total years, with a 20% raise in the first year of the new deal followed by 5% annual raises in subsequent years. Given that Bridges still has two years remaining on his original contract, this could translate to approximately $61.2 million in new money.
However, there are strategic decisions to be made. If Bridges opts to wait until the next offseason, he could ink a deal worth approximately $113 million over three new years. Moreover, starting July 1, 2025, Bridges will be operating under the standard veteran extension guidelines, which offer more lucrative terms. These guidelines allow for a 40% raise in the first new year, followed by 8% annual raises, potentially securing Bridges four additional years instead of two. This could guarantee him around $156 million over four new years and approximately $181 million in total.
Looking even further ahead, in the 2026 offseason, Bridges could unlock even more earning potential. He might be eligible to sign a five-year deal starting at 30% of the salary cap with 8% annual raises, potentially amassing up to $296 million. However, it's worth noting that if he were to sign with another team, his maximum potential contract would be limited to four years with 5% annual raises.
In other noteworthy contract news, OG Anunoby has re-signed with New York for a staggering $212.5 million. This significant investment reflects the team's ongoing efforts to strengthen its roster and maintain top-tier talent within the organization.
These series of transactions and potential contracts highlight a dynamic period in the NBA, where strategic signings and extensions play a critical role in shaping the future of the teams involved. As players and franchises navigate the complex landscape of contract negotiations, the focus remains on building competitive, cohesive units capable of achieving long-term success in the league.