U.S. Air Force photo by Airman 1st Class Daniel Hughes (Public domain), via Wikimedia Commons

Karl-Anthony Towns, Knicks reportedly 'tens of millions apart' in contract talks

Contract extension negotiations between Karl-Anthony Towns and the New York front office have hit a major financial hurdle, leaving the sides significantly far apart on valuation. While both the organization and the star center express a mutual desire for a long-term commitment, discussions over a potential four-year maximum package worth up to $276 million have revealed a massive gap in expectations, with reports indicating they are separated by tens of millions overall and eight figures annually.

The franchise is attempting to navigate future financial constraints ahead of upcoming extensions for key roster pieces like Jalen Brunson, Josh Hart, and OG Anunoby, all while minding ownership warnings regarding apron limits. Towns is currently locked into this season's salary at $57 million and holds a $61 million player option for the 2027-28 campaign, marking the starting point for these complex negotiations.

Up nextNBA· 3h ago

The NBA just keeps disrespecting the Jazz