The New York Knicks have solidified their future by securing a key piece of their roster with Jalen Brunson's four-year, $156 million contract extension. This significant move not only underscores the franchise’s confidence in their talented point guard but also signals a strong commitment to building a competitive team with Brunson at its core.
Brunson's impressive performances have clearly earned the faith of the Knicks’ management, making him an indispensable asset as they strive to climb the ranks in the Eastern Conference. This long-term deal ensures that Brunson remains a central figure in the team's development and pursuit of success over the next several seasons.
Meanwhile, Mikal Bridges continues to be a subject of considerable interest across the league. Having already secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, Bridges became eligible for a new extension under the NBA's extend-and-trade rules as of October 1. These rules provide a framework for how veteran players can navigate contract extensions and trades without losing financial leverage.
On July 6, Bridges was traded, positioning him to potentially benefit from these extend-and-trade provisions. Specifically, he could sign a deal for up to four total years starting with a 20% raise in the first year, followed by 5% annual raises. Given that Bridges has two years remaining on his current deal, this could translate to an estimated $61.2 million in new money. However, if Bridges opts to wait until the next offseason, he stands to secure a more lucrative contract, potentially worth around $113 million over three new years.
Further down the line, starting July 1, 2025, Bridges can explore the typical veteran extension guidelines. These guidelines permit a 40% raise in the first new year, along with 8% annual raises thereafter. Such terms could afford Bridges a substantial increase in security, extending his contract an additional four years—a move that could end up guaranteeing him approximately $156 million over that span, and around $181 million in total earnings.
Looking even further ahead, the 2026 offseason presents another significant opportunity for Bridges. At that time, he would be eligible to sign a five-year deal starting at 30% of the salary cap with 8% annual raises, potentially earning up to $296 million. However, if Bridges opts to sign with another team, the maximum contract he could secure would be limited to four years with 5% annual raises.
In another significant transaction in New York, OG Anunoby has also re-signed, netting a substantial contract worth $212.5 million. This move underscores the Knicks' commitment to retaining and investing in high-caliber talent as they aim to enhance their competitiveness within the league.
The extensions and contractual maneuvering seen with Brunson, Bridges, and Anunoby reflect broader trends within the NBA, where teams and players alike are strategically navigating the complexities of contract negotiations to maximize value and long-term stability. As these players continue to make strides in their respective careers, their contract situations will undoubtedly play a pivotal role in shaping the competitive landscape of the NBA in the coming years.