Brunson's Lucrative Contract Extension
Jalen Brunson has secured his future with the New York Knicks by signing a four-year, $156 million contract extension. This move cements Brunson's role as a key player in the Knicks' lineup, underscoring the franchise's dedication to constructing a competitive team around its premier point guard. Known for his remarkable court vision and leadership, Brunson remains integral to the Knicks’ success moving forward.
Mikal Bridges' Contract Scenarios
On October 1, Mikal Bridges became eligible for an extension under the NBA's extend-and-trade regulations. Initially, Bridges inked a four-year, $90 million rookie extension with the Phoenix Suns in 2021. Subsequently, he was traded on July 6, setting the stage for potential new contract negotiations.
The extend-and-trade rules present Bridges with an intriguing opportunity. These rules allow for a maximum extension of four total years, featuring a 20% salary raise in the first year of the new deal, followed by 5% annual increases. With two years left on his current contract, Bridges has the chance to sign for approximately $61.2 million in new money under these terms.
However, waiting until the next offseason could be even more profitable for Bridges. By postponing his extension, he might sign a contract worth around $113 million over three new years. This potential increase highlights the strategic choices players face when considering the timing of their contract negotiations.
Future Prospects for Bridges
Starting July 1, 2025, Bridges will have another significant option under the NBA's veteran extension guidelines. These guidelines permit a 40% raise in the first new year of a contract, coupled with 8% annual raises in the subsequent years. This extension format could allow Bridges to secure four additional years on his deal instead of just two, potentially guaranteeing him about $156 million over four new years and approximately $181 million in total contract value.
Looking even further ahead, the summer of 2026 presents another lucrative possibility for Bridges. He could sign a five-year deal starting at 30% of the salary cap, with 8% annual raises, potentially earning up to $296 million. However, if Bridges opts to sign with a different team, his maximum potential contract would be limited to four years with 5% annual raises, showcasing the financial advantages of long-term commitments with a single franchise.
OG Anunoby's Major Payday
In another significant development, OG Anunoby has decided to re-sign with New York, inking a substantial deal worth $212.5 million. Anunoby’s commitment reflects his belief in the team's vision and further solidifies the Knicks’ core group of players. With Brunson and Anunoby leading the charge, New York appears positioned for an exciting future.
These recent signings and potential future deals illustrate the ever-evolving landscape of NBA contracts and player movements. The franchise's intentional investments in key players like Brunson and Anunoby, combined with the strategic opportunities available to players such as Bridges, emphasize the pivotal balance of talent, timing, and financial acumen in the pursuit of basketball excellence.