In a significant move, Jalen Brunson has inked a four-year, $156 million contract extension with the New York Knicks, cementing his place as a cornerstone of the franchise. This lucrative deal not only underscores Brunson's talent but also signals the Knicks’ unwavering commitment to constructing a winning team around their premier point guard. This extension comes at a pivotal time as the Knicks continue to refine their roster and strategies in hopes of returning to NBA prominence.
Mikal Bridges' Contract Options and Future Potential
Meanwhile, Mikal Bridges finds himself at an intriguing juncture in his career. As of October 1, Bridges became eligible for an extension under the NBA's extend-and-trade rules. This eligibility permits him to sign up to a four-year deal with an initial 20% raise followed by 5% annual increases. Bridges' contractual landscape offers a multitude of options, each with its own financial implications.
Bridges, who secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, has already proved his value on the court. However, the dynamics shifted when he was traded on July 6. With two years still remaining on his original contract, the extend-and-trade rules could see Bridges signing for around $61.2 million in new money. Alternatively, by waiting until the next offseason, he stands to sign a potentially more lucrative contract worth approximately $113 million over three new years.
Looking further ahead, starting July 1, 2025, Bridges could leverage the typical veteran extension guidelines. These guidelines would allow for a 40% raise in the first new year, followed by 8% annual raises, potentially enabling Bridges to secure an astounding $156 million over four additional years and roughly $181 million in total value.
The strategic considerations for Bridges extend to the 2026 offseason, where he could opt to sign a five-year deal starting at 30% of the salary cap with 8% annual raises, potentially earning up to $296 million. However, it's essential to note that if Bridges were to move to another team, his maximum potential contract would be limited to four years with 5% annual raises.
OG Anunoby's Major Re-signing
In another headline-worthy transaction, OG Anunoby has re-signed in New York for a staggering $212.5 million. This re-signing further signifies New York’s aggressive push to build a competitive roster. Anunoby's skills and experience are anticipated to bring an impactful presence to the team, both offensively and defensively.
Collectively, these substantial financial commitments by the Knicks highlight the franchise's strategic efforts to fortify their core and build a sustainable path to success. With Brunson, Bridges, and Anunoby all positioned to play critical roles, the New York Knicks appear poised to reshape their destiny in the coming seasons.