New York Knicks seek reduced Karl‑Anthony Towns deal after title

The New York Knicks, fresh from their first NBA championship since 1973, are working to retain the core that delivered the title. Center Karl‑Anthony Towns is eligible for a maximum four‑year, $272 million extension, but the franchise hopes he will accept a lower salary to keep the team under the luxury‑tax threshold.

Team president Leon Rose and owner James Dolan have indicated that a pay cut similar to Jalen Brunson’s recent contract would give the Knicks more financial flexibility while preserving the championship‑winning roster. At 32, Towns faces a decision between a potentially record‑breaking deal and the option to test free agency, a choice that could reshape the Knicks’ future competitiveness.