Knicks’ Karl-Anthony Towns says getting an extension before the season begins doesn’t look good

Philadelphia (AP) — New York Knicks forward Karl-Anthony Towns expressed on Monday that securing a contract extension with the NBA champions before the start of the regular season appears unlikely. The initial payment for the contract would be $205.00 plus GST for a one-year term. This arrangement would then automatically renew annually at $233.00 plus GST, representing a 10% discount off the regular annual price of $259.35.

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Towns, who will be 31 years old by November 15, is eligible for a four-year, $276 million contract. He is currently scheduled to earn $57 million this season and possesses a $61.1 million player option for the 2027-28 season. During the start of training camp, when asked about the possibility of negotiations extending into the season, Towns stated, "In this scenario, there's no comfort to be found."

The six-time All-Star averaged around 16 points and over 10 rebounds per game during the Knicks' initial championship campaign since 1973. Towns expressed his desire to contribute to maintaining team unity and for the organization to recognize his value. Before the Knicks' preseason opener against the Philadelphia 76ers at the team's home, the team's owner, James Dolan, had expressed that the organization would not venture into the second spending round.

The team's dominant center, Mitchell Robinson, had departed New York after eight seasons to sign a three-year deal with fellow NBA champions in Boston.