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Knicks Weigh Extension or Trade for Karl-Anthony Towns This Offseason

Second-apron penalties make delay costly with a 2027 opt-out looming.

Overview

  • Multiple outlets citing ESPN report that team executives view this summer as the time for New York to either offer Towns an extension or explore trading him.
  • Towns can opt out after the 2026-27 season and holds a player option for 2027-28, with about $120 million remaining over the next two years.
  • ESPN notes the Knicks already project nearly $170 million for Jalen Brunson, OG Anunoby, Mikal Bridges and Josh Hart in 2027-28, which makes a max for Towns a costly choice.
  • A max deal for Towns would likely place New York in the NBA’s second-apron tax tier, which triggers heavy penalties and limits future roster moves like adding salary in trades.
  • League voices suggest a strong playoff run could support a smaller-than-max extension, while an early exit could shift the front office toward a trade so a buyer can align an extension timeline.