Knicks star point guard Jalen Brunson faces a significant financial decision this Friday, as he becomes eligible to sign a four-year, $156.5 million extension. However, signing now could mean leaving an astounding $113 million on the table compared to potential future earnings.
Jalen Brunson’s Financial Dilemma: Secure an Extension with the Knicks or Bet on Future Wealth?
Brunson is currently in the third year of a four-year, $104 million deal, which includes a player option for the 2025–26 season. If he opts out of the extension he’s eligible for this Friday, he could decline the player option next season and potentially sign a five-year, $270 million deal. The choice presents a substantial financial crossroad for the 28-year-old guard, weighing immediate security against greater future potential earnings.
Financial Implications and Strategic Decisions
On one hand, signing the extension now would provide immediate financial security but would mean significantly less money in the long term, especially after accounting for New York City’s hefty taxes. Conversely, waiting could net him an effective payout closer to the $270 million mark, adjusting for taxes and actual take-home pay — probably closer to $160 million.
Despite the tempting larger future payout, Brunson’s commitment to the Knicks could see him take the lesser contract, helping the team maintain salary flexibility for future acquisitions. This decision would solidify his dedication to the team but could impact his personal financial trajectory.
“The thing I love about him,” Knicks coach Tom Thibodeau has stated repeatedly about Brunson, via the New York Post, “is that he is all about the team. All he cares about is winning.”
Brunson’s Legacy and Future Opportunities
Beyond financial considerations, Brunson has the opportunity to build a lasting legacy in New York, potentially becoming one of the franchise’s most storied players. His decision could affect the Knicks’ ability to sign future extensions and maintain a competitive roster.
Additionally, there’s a strategic play available for Brunson if he signs the $156.5 million deal now, with a possible opt-out after two years. This would allow him to renegotiate post-NBA media rights deal, potentially increasing his earnings significantly when he turns 30.
Conclusion: Balancing Wealth and Legacy
The decision ahead for Brunson is complex, balancing personal financial benefits, team loyalty, and his long-term legacy. As NBA contracts continue to grow due to escalating media rights deals, Brunson’s choice will likely set a precedent for how players navigate their prime earning years against team dynamics and personal milestones.