Knicks’ star point guard ‘ready’ to accept $156 million extension

May 8, 2024; New York, New York, USA; New York Knicks guard Jalen Brunson (11) celebrates in the fourth quarter  after scoring against the Indiana Pacers during game two of the second round for the 2024 NBA playoffs at Madison Square Garden. Mandatory Credit: Wendell Cruz-USA TODAY Sports
Wendell Cruz-USA TODAY SportsCredit: Wendell Cruz-USA TODAY Sports

New York Knicks superstar guard Jalen Brunson is coming off the best season of his NBA career. His efforts were rewarded with his first career All-Star appearance, and soon to be his first career All-NBA team selection. The former Villanova product has taken over New York, and early offseason indications suggest the star point guard is focused on winning, rather than securing a huge paycheck.

Jalen Brunson has turned into a bargain for the Knicks

May 6, 2024; New York, New York, USA; New York Knicks guard Jalen Brunson (11) handles the ball against the Indiana Pacers during the first quarter of game one of the second round of the 2024 NBA playoffs at Madison Square Garden. Mandatory Credit: Brad Penner-USA TODAY Sports
Brad Penner-USA TODAY SportsCredit: Brad Penner-USA TODAY Sports

In the summer of 2022, Brunson signed a four-year, $107 million contract with the Knicks. At the time, many thought New York had overpaid for the point guard, fast forward two years and Brunson’s contract is one of the best value contracts in the league and is easily considered underpaid by today’s standards.

This offseason, Brunson is eligible to sign a four-year, $156 million contract extension with the Knicks. However, if Brunson were to wait until next offseason, he could land himself a five-year, $270 million contract, a deal that the star guard would deserve considering his rise to superstardom.

Brunson may be willing to take a pay cut for the benefit of the team

Feb 10, 2024; New York, New York, USA; New York Knicks guard Jalen Brunson (11) before a game against the Indiana Pacers at Madison Square Garden. Mandatory Credit: John Jones-USA TODAY Sports
Feb 10, 2024; New York, New York, USA; New York Knicks guard Jalen Brunson (11) before a game against the Indiana Pacers at Madison Square Garden. Mandatory Credit: John Jones-USA TODAY SportsCredit: John Jones-USA TODAY Sports

Despite the large difference in cash, reports suggest that Brunson may be willing to extend his contract with the Knicks this summer, rather than wait until next year.

According to Steve Popper of Newsday, early offseason indications have suggested that Brunson won’t hold the team up now, and is strongly considering signing the four-year, $156 million extension this offseason. The signing would remove the fourth year from Brunson’s current contract, and give the guard five more years of certainty with the Knicks.

Brunson’s decision could have a major impact on New York’s financial standing

May 19, 2024; New York, New York, USA; New York Knicks guard Jalen Brunson (11) flexes his left hand during the third quarter of game seven of the second round of the 2024 NBA playoffs against the Indiana Pacers at Madison Square Garden. Mandatory Credit: Brad Penner-USA TODAY Sports
May 19, 2024; New York, New York, USA; New York Knicks guard Jalen Brunson (11) flexes his left hand during the third quarter of game seven of the second round of the 2024 NBA playoffs against the Indiana Pacers at Madison Square Garden. Mandatory Credit: Brad Penner-USA TODAY SportsCredit: Brad Penner-USA TODAY Sports

Brunson signing a team-friendly extension could be very beneficial to the Knicks for multiple reasons. F Julius Randle is also due for an extension this offseason, eligible to sign a four-year, $181 million deal this summer. After suffering a major shoulder injury this past season, the Knicks could opt to wait until next summer, when the forward is set to hit free agency where he will be eligible for a five-year contract that could surpass $300 million.

Also, New York has their hands full with the impending free agencies of F OG Anunoby and C Isaiah Hartenstein this offseason. The Knicks will likely prioritize bringing both players back. The pair are expected to cash in big time after very impactful seasons with the Knicks, making Brunson’s extension decision all the more important as it will have a major impact on the team’s financial flexibility going forward.

The offseason is still young, but if the early reports are any indication, the Knicks are set up to have yet another very successful offseason and build off of their most successful season in decades.

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