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Jalen Brunson, Knicks Agree to Four Year $156.5M Deal

12/07 : New York Knicks star Jalen Brunson has agreed on a four-year, $156.5 million extension, $113M less guaranteed than he’s eligible to receive in one year, reports ESPN’s Adrian Wojnarowski 

Brunson’s decision to take this extension is probably the most financially beneficial move an NBA player has made for his team. By doing this, he’s passing up the chance to earn an extra $113 million guaranteed in next summer’s free agency.

Because of Brunson’s choice, the Knicks will likely be able to stay under the salary cap threshold not only in the 2025-26 season, when his extension starts, but also in the years following.

08/07 : Jalen Brunson is currently considering a four-year, $156.5 million contract extension from the New York Knicks, which they can offer starting Friday, according to Fred Katz of The Athletic.

Under this new deal, Brunson would play out the 2024-25 season on his current contract, with his player option for 2025-26 being removed.

If Brunson waits until free agency in 2025, he could sign a maximum contract worth $269.1 million over five years, which is $113 million more guaranteed, with an annual average of $53.8 million compared to $39.1 million under the extension.

Brunson might opt for the cheaper extension and then become a free agent in 2028, where he could qualify for a 35 percent max contract and potentially make up some of the difference, earning $263.1 million from 2025 to 2030.

Sources tell Katz that, Brunson is considering this extension for the security it offers and because he has no interest in playing elsewhere.

Another reason for considering the cheaper extension is to help the Knicks avoid the second salary cap apron, allowing them to continue building the team around him.

Brunson led the Knicks to the Eastern Conference Semifinals before being eliminated by the Indiana Pacers. Last season, he averaged 28.7 points, 3.6 rebounds, and 6.7 assists in 35.4 minutes over 77 games, earning a spot on the All-NBA Second Team.

In other Knicks news, the team is signing Ariel Hukporti to a two-way deal, according to Michael A. Scotto of HoopsHype. Hukporti was the No. 58 overall pick in the 2024 NBA Draft.

The German center played the 2023/24 season in Australia with Melbourne United, posting averages of 8.4 points, 7.0 rebounds, and 1.5 blocks per game over 28 games, with an average playing time of 18.4 minutes per game.

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