The New York Knicks have solidified their commitment to Jalen Brunson by signing him to a lucrative four-year, $156 million contract extension. This move underscores the franchise's intent to build a competitive team around their talented point guard.
Brunson's new deal ensures he remains a pivotal figure in the Knicks' core lineup. By securing Brunson for the long term, the Knicks are demonstrating a strategic push towards becoming a significant contender in the league. This extension reflects the team's confidence in Brunson’s abilities and leadership on the court.
Mikal Bridges' Contract Scenarios: A Calculated Decision
Meanwhile, Mikal Bridges has become eligible for an extension under the NBA's extend-and-trade rules as of October 1. Bridges previously locked in a four-year, $90 million rookie extension with the Phoenix Suns in 2021. However, he was traded on July 6, which reshaped his contractual possibilities.
The extend-and-trade rules provide Bridges with a range of options. Under these rules, he can sign for up to four total years with a 20% raise in the first year of the new deal and 5% annual raises thereafter. With two years left on his original contract, this means Bridges could potentially secure around $61.2 million in new money.
Bridges faces a strategic decision: if he waits until the next offseason, he could sign a more substantial contract worth approximately $113 million over three new years. Moreover, starting July 1, 2025, Bridges could leverage the typical veteran extension guidelines, which permit a 40% raise in the first new year along with 8% annual raises. This could potentially secure him four additional years, totaling roughly $156 million over the new contract period and approximately $181 million in total.
Looking even further ahead, Bridges has another opportunity in the 2026 offseason. He could sign a five-year deal starting at 30% of the salary cap with 8% annual raises, potentially bringing in up to $296 million. Notably, if he were to switch teams, his maximum potential contract would be limited to four years with 5% annual raises.
OG Anunoby's Record-Breaking Deal
Around the league, OG Anunoby's recent re-signing in New York has also sent ripples through the NBA. Anunoby has secured a massive contract worth $212.5 million, underscoring the value the Knicks see in his contributions to the team.
This contract extension places Anunoby among the higher echelons of NBA earners, highlighting the franchise's intent to remain competitive and retain their top talent. Anunoby's deal, alongside Brunson's extension, signals a significant investment by the Knicks in their roster, aiming to build a formidable unit capable of making deep playoff runs.
In summary, these strategic moves by the New York Knicks speak volumes about their commitment to cultivating a competitive team. By securing key players like Jalen Brunson and OG Anunoby with substantial contracts, they are positioning themselves to be a force in the NBA. Additionally, Mikal Bridges’ contractual maneuvering will be a narrative to follow, as his decisions could significantly impact his future earnings and career trajectory.