Jalen Brunson Secures Four-Year Contract Extension with Knicks
Jalen Brunson's journey in the NBA has taken a significant leap forward. The talented point guard has signed a four-year, $156 million contract extension with the New York Knicks. This deal not only cements Brunson's place in the Knicks' core but also underscores the franchise's determination to build a formidable team around one of its key players.
Brunson's impressive performance and leadership on the court have earned him this lucrative extension, highlighting the Knicks' confidence in his abilities. This extension is a strategic move by the Knicks, aiming to fortify their roster and ensure a competitive edge in the highly challenging NBA landscape.
Mikal Bridges' Extension Prospects Under NBA Rules
Meanwhile, another prominent player, Mikal Bridges, has recently become eligible for an extension under the NBA's extend-and-trade rules as of October 1. Bridges, who initially secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021, saw a turning point in his career when he was traded on July 6.
The extend-and-trade rules present a unique opportunity for Bridges, allowing him 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, Bridges stands to potentially earn around $61.2 million in new money under these rules.
However, strategic timing could play a crucial role for Bridges. Should he choose to wait until the next offseason, he might sign a contract worth approximately $113 million over three new years. This decision requires weighing immediate financial benefits against long-term earning potential.
Looking further ahead, Bridges' prospects become even more promising. Starting July 1, 2025, he can leverage veteran extension guidelines, which allow for a 40% raise in the first new year, followed by 8% annual raises. This scenario could enable Bridges to secure four additional years on his deal instead of two, potentially guaranteeing himself around $156 million over four new years and approximately $181 million in total.
Future Earnings: Maximum Contract Potential
The 2026 offseason presents yet another pivotal moment for Bridges. He could sign a five-year deal starting at 30% of the salary cap with 8% annual raises, potentially earning up to a staggering $296 million. It's clear that Bridges' future earnings heavily depend on strategic decisions and timing in utilizing the NBA's various contractual mechanisms.
It's worth noting that if Bridges were to move to another team, his maximum potential contract would be limited to four years with 5% annual raises. This distinction underscores the financial benefits of staying with his current franchise and optimizing the available contractual terms.
OG Anunoby's Re-signing with New York
The Knicks have also made another significant move by re-signing OG Anunoby for $212.5 million. This re-signing highlights the Knicks' commitment to retaining top talent and continuing to build a strong, competitive team for the future.
In conclusion, the recent contract extensions and financial maneuvers involving Jalen Brunson, Mikal Bridges, and OG Anunoby reflect strategic planning and a clear vision for the future within their respective franchises. As these players navigate the complexities of NBA contracts, their decisions will undoubtedly shape their careers and the fortunes of their teams in the coming years.