Knicks, Towns Talks Stall Over $276M Extension

Karl-Anthony Towns and the New York Knicks remain far apart on a contract extension, and Towns is pessimistic about reaching a deal before the Oct. 20 season opener. He is eligible for a four-year extension worth up to about $276 million; reports put the Knicks’ offer at roughly $200 million, though the precise terms have not been consistently confirmed. Towns says he is willing to compromise but wants a deal that values his role and helps keep the team’s core together. The Knicks are weighing the extension against the NBA’s second salary-cap apron and future commitments to Jalen Brunson and other players. Towns can play this season under his current contract, which includes a $61 million player option for 2027-28, so the stalled talks do not mean he is immediately leaving the team.