In a strategic move that underscores their commitment to building a competitive team, the New York Knicks have extended the contract of Jalen Brunson for four years, valued at $156 million. This significant investment cements Brunson’s role in the Knicks’ core, positioning him as a key figure in the franchise’s future.
Jalen Brunson's contract extension symbolizes a vote of confidence from the Knicks, as they look to add stability and talent to their roster. The 27-year-old point guard has demonstrated his value on the court, and the Knicks' front office is banking on his continued growth and leadership.
Meanwhile, Mikal Bridges has also found himself in a complex contractual situation. Bridges, who secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, became eligible for an extension under the NBA’s extend-and-trade rules as of October 1. This rule allows players to sign for up to four years with a 20% raise in the first year of the new deal and 5% annual raises thereafter.
Bridges, traded on July 6, now faces a pivotal decision regarding his future. With two years remaining on his original contract, he could potentially sign for around $61.2 million in new money under the current extend-and-trade guidelines. This decision, however, comes with its complexities, as waiting until the next offseason could open the door to a more lucrative deal.
If Bridges opts to wait, he could sign a contract worth approximately $113 million over three new years. Further down the line, starting July 1, 2025, Bridges can take advantage of the typical veteran extension guidelines, which allow for a 40% raise in the first year, followed by 8% annual raises. This option could enable Bridges to secure four additional years on his deal instead of two, potentially guaranteeing himself around $156 million over four new years and $181 million in total.
The financial landscape becomes even more advantageous for Bridges in the 2026 offseason, when he could sign a five-year deal starting at 30% of the salary cap with 8% annual raises. This could potentially bring in earnings of up to $296 million. However, if Bridges decides to move to another team, his maximum potential contract would be limited to four years with 5% annual raises.
In another noteworthy development, OG Anunoby has decided to re-sign with New York for $212.5 million. Anunoby’s signing emphasizes the depth of talent that the Knicks are assembling, signaling their determination to create a formidable roster.
These moves play a critical role in the broader narrative of the NBA, as franchises maneuver within the intricate rules and financial constraints to secure top talent and build competitive teams. The strategic decisions made by both players and management will likely have a significant impact on the landscape of the league in the coming years.
As the Knicks and other teams make these high-stakes decisions, the ultimate outcomes will not only shape the immediate future but also influence the long-term strategies across the NBA. The emphasis on securing talented, versatile players like Brunson and Anunoby reveals a commitment to sustained success and the ever-present goal of bringing championship glory to their respective cities.