The New York Knicks' commitment to building a competitive team around their talented roster is epitomized by the recent contract extension of their standout point guard, Jalen Brunson. Brunson has signed a four-year, $156 million contract extension with the Knicks, cementing his place as a core player for the franchise. This move highlights the team's dedication to fostering a solid foundation and striving for success in the upcoming seasons.
Brunson's new deal not only secures his future with the Knicks but also signifies the organization’s intent to build around his skills and leadership. The 27-year-old guard has proven to be a crucial asset for the Knicks, and his new contract reflects the high regard in which he is held within the organization. The substantial financial commitment underscores management's belief in Brunson's ability to contribute significantly to the team’s ambitions.
Mikal Bridges' Extension Prospects
Meanwhile, Mikal Bridges, who secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, became eligible for another extension under the NBA's extend-and-trade rules on October 1. The versatile wing player was traded on July 6, which opens up potential new avenues for his contract situation.
The extend-and-trade rules permit Bridges to sign for up to four total years, with a 20% salary increase in the first year of the new deal, followed by 5% annual raises. Given that Bridges has two years remaining on his current contract, he could potentially add approximately $61.2 million in new money to his earnings under these rules. However, Bridges faces a decision that could impact his financial future significantly.
If Bridges opts to wait until the next offseason, he stands a chance to sign a more lucrative contract. He could secure approximately $113 million over three new years if he postpones his decision to renegotiate. Looking further ahead, starting July 1, 2025, Bridges will be able to leverage the typical veteran extension guidelines. These allow for a substantial 40% raise in the first new year, followed by 8% annual raises. Under these terms, he could add four additional years to his deal instead of just two, potentially guaranteeing himself around $156 million over four new years and approximately $181 million in total.
Long-Term Strategy Pays Off
The financial prospects for Bridges don’t end there. In the 2026 offseason, he will have the opportunity to sign a five-year deal starting at 30% of the salary cap, with 8% annual raises. This contract could potentially earn him up to $296 million, reflecting his value and potential impact on a team’s roster. However, it’s worth noting that with a different team, Bridges' maximum potential contract would be limited to four years with 5% annual raises.
OG Anunoby's Record Re-Signing
In another significant move within the league, OG Anunoby has re-signed with the New York Knicks for $212.5 million. This re-signing marks another strategic decision by the Knicks to secure their talented roster and maintain a competitive edge in the league. Anunoby's re-signing is a testament to his abilities and the crucial role he plays in the team's future plans.
These strategic moves by the Knicks, securing key players like Jalen Brunson and OG Anunoby, demonstrate their ambition to climb the ranks in the NBA. Meanwhile, players like Mikal Bridges have important decisions to make regarding their future contracts, balancing immediate financial gains against long-term security and potential earnings. As the NBA continues to evolve, the maneuvering of teams and players alike showcases the intricate planning that goes into building championship-caliber rosters. The ability of franchises to manage contracts and player satisfaction will be pivotal in defining success for years to come.