In a significant move for the New York Knicks, Jalen Brunson has secured his future with the team by signing a four-year, $156 million contract extension. This not only solidifies Brunson's position as a central piece of the Knicks' roster but also underscores the franchise's dedication to building a competitive lineup around their talented point guard.
The investment in Brunson is a clear indicator of the Knicks' long-term strategy. By locking in Brunson for the next four years, the team aims to create a stable core and build a winning culture. Brunson’s skills and leadership will be crucial as the Knicks look to make a deeper impact in the NBA.
Mikal Bridges' Contract Options
Meanwhile, Mikal Bridges has also seen significant developments regarding his potential contract extensions. Bridges became eligible for an extension under the NBA's extend-and-trade rules on October 1. These rules provide intriguing possibilities for Bridges and his future earnings.
Originally signing a four-year, $90 million rookie extension with the Phoenix Suns in 2021, Bridges was traded on July 6. Under the extend-and-trade rules, Bridges can sign for up to four total years with a 20% raise in the first year of the new deal, followed by 5% annual raises. With two years left on his initial contract, this could mean approximately $61.2 million in new money for Bridges.
However, if Bridges opts to wait until the next offseason to negotiate, he could potentially sign a more lucrative contract worth around $113 million over three new years. This presents an interesting dilemma for Bridges as he weighs his immediate and long-term financial interests against his professional goals.
Starting July 1, 2025, Bridges will have the option to engage the typical veteran extension guidelines, which allow for a substantial 40% raise in the first new year, followed by 8% annual raises. Utilizing these guidelines, Bridges could secure four additional years on his deal instead of two, potentially guaranteeing himself around $156 million over four new years and roughly $181 million in total.
If he waits until the 2026 offseason, Bridges could sign an even more substantial deal, lasting five years and starting at 30% of the salary cap with 8% annual raises, potentially earning up to a staggering $296 million. However, if he were to sign with another team, the maximum potential contract would be limited to four years with 5% annual raises.
OG Anunoby's Massive Payday
Amid these substantial contract discussions, OG Anunoby has also made headlines with his decision to re-sign in New York for an impressive $212.5 million. This significant investment signals a strong commitment from New York to retaining top talent and striving to build a robust team capable of competing at the highest level.
Anunoby’s re-signing demonstrates the high value placed on versatile, impactful players in today's NBA. His ability to contribute on both ends of the court makes him an invaluable asset to the Knicks as they continue to build a team with the depth and skill needed to challenge for championships.
In essence, the landscape of these high-stakes contract negotiations and extensions speaks volumes about the current state of the NBA. Teams are increasingly willing to invest heavily in securing and retaining key players who demonstrate the potential to lead franchises to success. With both Brunson and Anunoby committed to long-term deals in New York, and Bridges considering various lucrative options, the future looks promising for the involved players and their respective teams.