The New York Knicks have solidified their backcourt foundation by signing Jalen Brunson to a four-year, $156 million contract extension. This move underscores the franchise’s determination to build a formidable team around the dynamic point guard, ensuring his presence as a central figure in their long-term plans. Brunson's extension is not just a testament to his individual talent, but also a significant indicator of the Knicks’ future direction under his leadership.
Another notable player navigating through contract developments is Mikal Bridges. Bridges, who was traded on July 6, became eligible for an extension under the NBA's extend-and-trade rules on October 1. The extend-and-trade mechanism allows him to ink a deal for up to four years with a 20% pay raise in the initial year, followed by annual 5% increases. Given that he has two years left on his current contract, this could translate into approximately $61.2 million in new financial commitments.
Bridges' journey through extensions and potential trades provides a fascinating case study in NBA contract logistics. Having already secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, Bridges faces several lucrative pathways. Should he opt to wait until the next offseason, he stands to sign a deal approximating $113 million over three new years. Furthermore, beginning July 1, 2025, he can utilize the typical veteran extension guidelines, which permit a 40% raise in the initial new year and 8% annual increases thereafter. This route could potentially secure Bridges around $156 million over four additional years, amounting to an impressive $181 million in total guarantees.
Moreover, the 2026 offseason could present an even more lucrative opportunity for Bridges. By then, he might be eligible to sign a five-year contract starting at 30% of the salary cap, with subsequent 8% annual raises. If circumstances align, this could escalate his earnings up to a staggering $296 million. However, should he decide to test free agency and join another team, the maximum contractual terms would be limited to four years with 5% annual raises.
In other significant contract news, OG Anunoby has committed his future to New York with a substantial re-signing deal valued at $212.5 million. This agreement signifies the growing trend of high-profile athletes securing their positions with lucrative long-term contracts, reflecting the competitive nature of the NBA market.
These recent contractual developments highlight the financial growth and strategic planning prevalent in today’s NBA. Player extensions and trades are meticulously orchestrated to maximize both team dynamics and individual career trajectories. As the Knicks and other franchises invest heavily in securing top talent, the landscape of the league continues to evolve, marked by strategic moves and record-breaking deals.
For players like Brunson and Bridges, these contracts are more than just financial security—they represent a commitment from their respective teams to build around them, aiming to achieve sustained success. Fans and analysts alike will be closely monitoring how these financial decisions translate into on-court performances and long-term franchise achievements.