In a significant move that underscores their commitment to building a formidable team, the New York Knicks have secured Jalen Brunson with a lucrative four-year, $156 million contract extension. This extension not only highlights Brunson's importance to the franchise but also sets a strong foundation for the Knicks' future aspirations.
Brunson has consistently demonstrated his talent and value as a point guard, and this contract extension cements his role as a core component of the Knicks' roster. By locking in Brunson, the Knicks are signaling their intent to build a competitive and resilient team around his playmaking skills.
Mikal Bridges' Contract Dynamics
Meanwhile, Mikal Bridges has also been navigating significant contractual developments. Eligible for an extension under the NBA's extend-and-trade rules as of October 1, Bridges' future is brimming with potential outcomes. Initially, Bridges secured a four-year, $90 million rookie extension with the Phoenix Suns back in 2021. However, his career took a turn when he was traded on July 6, opening up new avenues under the extend-and-trade provisions.
The extend-and-trade rules offer Bridges the opportunity to 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 remaining on his original contract, this could amount to approximately $61.2 million in new money. However, if Bridges opts to wait until the next offseason, he could potentially sign a contract worth around $113 million over three new years.
Long-Term Benefits
The strategic timing of contract negotiations can significantly impact Bridges' earnings. Starting July 1, 2025, Bridges can leverage the typical veteran extension guidelines, which allow for a 40% raise in the first new year and 8% annual raises thereafter. This could provide him with the option to secure four additional years on his deal, rather than just two, potentially guaranteeing around $156 million over four new years and about $181 million in total.
Looking even further ahead, the 2026 offseason presents yet another lucrative possibility for Bridges. By then, he could sign a five-year contract starting at 30% of the salary cap with 8% annual raises. This deal could potentially net him up to $296 million, provided he remains with his current team. Should Bridges choose to move to another team, his maximum potential contract would be limited to four years with 5% annual raises.
OG Anunoby's Major Deal
Another notable contract development in the NBA landscape involves OG Anunoby, who has re-signed with a New York team for a staggering $212.5 million. This move further illustrates the commitment of franchises to retaining their key players and investing heavily in their futures.
These substantial financial commitments reflect a broader trend in the NBA, where teams are increasingly willing to invest in securing their top talents for the long term. As players like Brunson, Bridges, and Anunoby continue to demonstrate their abilities on the court, their respective franchises are responding with robust financial packages that underscore their value.
As the NBA continues to evolve, the strategies teams employ in managing player contracts will remain a critical aspect of building competitive rosters. For now, the focus for stars like Brunson and Bridges will be on proving their worth and living up to the high expectations set by their hefty new deals.