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Jalen Brunson Signs Four-Year, $156.5M Extension with Knicks, $113M Less Guaranteed, Includes Player Option

Jul 12, 2024, 09:03 PM

Jalen Brunson has signed a four-year, $156.5 million contract extension with the New York Knicks. The deal, confirmed by his agent Sam Rose, is $113 million less guaranteed than Brunson could have received if he had waited until next summer for free agency. This significant financial concession is aimed at providing the Knicks with greater roster flexibility to build a championship-caliber team. Brunson's extension, which includes a player option in the fourth year, will begin in the 2025-26 season and will account for roughly 22% of the Knicks' total cap space each year over the next three seasons. Brunson's decision to leave money on the table was influenced by his study of successful sports organizations and franchise stars. The extension is seen as the largest the Knicks could offer and a major boon for the team, who now have a strong core to potentially contend for the championship. Having a top-10 player agree to such a deal is an immense roster-building advantage for New York.