Jalen Brunson's Knicks Commitment Strengthens Core
New York Knicks' ambitions to build a competitive team received a significant boost as Jalen Brunson inked a four-year, $156 million contract extension with the franchise. Brunson’s new deal not only cements his place in the Knicks' core but also signals the franchise's commitment to surrounding its talented point guard with a promising roster.
Brunson's Impact on the Knicks
Brunson, who has showcased impressive playmaking and scoring skills, has become an integral part of the Knicks' strategy. His extended contract reflects the team’s belief in his ability to lead them to greater heights. The substantial investment underscores the Knicks’ dedication to a long-term vision built around their star player.
Mikal Bridges' Extension Scenarios
Meanwhile, another notable player making headlines is Mikal Bridges, who became eligible for an extension under the NBA's extend-and-trade rules on October 1. Bridges, who secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, was traded on July 6. Under the extend-and-trade rules, Bridges has various potential pathways regarding his new deal.
With two years remaining on his original contract, Bridges could potentially sign an extension worth around $61.2 million in new money. This would allow him to lock in a lucrative deal under the current extend-and-trade provisions, which enable a four-year contract with a 20% raise in the first year and 5% annual raises thereafter.
However, Bridges has the option to wait until the next offseason to capitalize further. By doing so, he could sign a contract worth approximately $113 million over three new years. Starting July 1, 2025, he can take advantage of the standard veteran extension guidelines, which allow for a 40% raise in the first new year, followed by 8% annual raises. This strategy could secure him four additional years instead of just two, potentially guaranteeing himself around $156 million over four new years and approximately $181 million in total.
Looking further ahead, in the 2026 offseason, Bridges could command an even more lucrative deal. He would be eligible to sign a five-year contract starting at 30% of the salary cap with 8% annual raises, potentially earning up to $296 million. However, should he choose to sign with another team, his maximum potential contract would be limited to four years with 5% annual raises.
OG Anunoby Re-Signs in New York
In other noteworthy news from New York, OG Anunoby has re-signed with the Knicks for a staggering $212.5 million. This deal highlights the franchise's aggressive approach to retaining and attracting top talent as they strive to become serious contenders in the league.
The Landscape of Player Contracts
The multi-million dollar deals signed by star players like Brunson and Anunoby indicate a broader trend in the NBA, where teams are willing to invest heavily in securing the services of their key contributors. These substantial financial commitments reflect the competitive nature of the league and the importance of stability and long-term planning in achieving sustained success.
The New York Knicks, through these strategic moves, demonstrate their focus on forming a robust and dynamic team that can compete at the highest levels. As the franchise looks ahead, the lucrative contracts and the potential future earnings of players like Mikal Bridges will undoubtedly play a critical role in shaping the team’s competitive landscape.