The New York Knicks have made a bold statement of their intentions for the future by securing Jalen Brunson with a lucrative four-year, $156 million contract extension. This deal not only solidifies Brunson's place within the team's core but also underscores the franchise's commitment to building a competitive squad around their talented point guard.
Brunson, a standout performer, has evidently earned the trust and investment of the Knicks' management. His contributions on the court and role in the team's dynamic are evident, making him a key figure in their plans moving forward. This extension is a clear indicator that the Knicks are keen to retain and build around their foundational players, aiming for sustained success in the highly competitive NBA landscape.
Meanwhile, on the other side of the league, Mikal Bridges' contractual situation has been an intriguing development. Eligible for an extension under the NBA's extend-and-trade rules as of October 1, Bridges' market value and potential future earnings are in the spotlight. Having secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, Bridges was subsequently traded on July 6, opening the door to a myriad of new possibilities for his career and financial prospects.
Under the extend-and-trade guidelines, Bridges can sign for up to four total years, starting with a 20% raise in the first year of his new deal, followed by 5% annual raises. With two years remaining on his original contract, this could translate to approximately $61.2 million in new money. However, the decision-making process for Bridges is far more nuanced and strategic, given the varied financial outcomes based on the timing and terms of any new deal.
If Bridges opts to wait until the next offseason, he stands to potentially sign a contract worth around $113 million over three new years. Even more lucrative opportunities await starting July 1, 2025, when Bridges can leverage the veteran extension guidelines, allowing for a 40% raise in the first new year followed by 8% annual raises. Such a deal could secure him around $156 million over four new years, with the total reaching approximately $181 million.
Looking further ahead, the 2026 offseason presents an even more substantial financial horizon for Bridges. At that juncture, he could sign a five-year contract starting at 30% of the salary cap, with 8% annual raises, potentially culminating in earnings of up to $296 million. Alternatively, if Bridges explores options with another team, his maximum potential contract would be limited to four years with 5% annual raises.
In a further development in New York, OG Anunoby has also committed his future to the Knicks, re-signing for a substantial $212.5 million. This significant investment in Anunoby further highlights the Knicks' proactive approach in building a team capable of competing at the highest level. His re-signing cements his role within the franchise, adding another layer of stability and talent to the Knicks' roster.
The landscape of the NBA is continually shifting, with contract negotiations and trades reshaping teams and their prospects. For Brunson, Bridges, and Anunoby, these new contracts and potential future deals not only secure their financial futures but also position them as pivotal figures in the ongoing narrative of their respective franchises. As teams continue to strategize and build, the commitments to these players reflect a broader vision of long-term success and competitiveness in the league.