Towns Extension Could Save Knicks Money | New York Knicks News

Knicks could be set to lock down Karl-Anthony Towns with a four-year, $180M extension—potentially saving them millions while tripling his guaranteed earnings. By declining his $61M player option, Towns might accept a slightly smaller immediate payout for long-term security, especially as he enters his 30s. The deal would free up over $26M in cap space, giving the Knicks flexibility to re-sign key players like Immanuel Quickley and Josh Hart—or even add depth via the mid-level exception. It’s a bold move that could reshape their roster and finances, but ultimately hinges on Towns’ decision. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/41905a7dce3f26f0