Jalen Brunson's ascension in the NBA has reached another milestone as he secured a significant four-year, $156 million contract extension with the New York Knicks. This deal not only underscores Brunson's importance to the Knicks but also signals the franchise's intent to construct a formidable team around their star point guard.
Brunson's Impact on the Knicks
Since joining the Knicks, Jalen Brunson has been instrumental in the team's performance, consistently showcasing his skills as a leading playmaker. His new contract solidifies his position within the team's core and affirms the organization's belief in his potential to drive the team to greater heights.
Brunson's extension is a clear message to the fans and the league that the Knicks are committed to building a competitive roster. With this move, the franchise is setting a foundation for future success, centered around Brunson's leadership on the court.
Mikal Bridges' Financial Prospects
Meanwhile, in another notable development, Mikal Bridges became eligible for an extension under the NBA's extend-and-trade rules on October 1. Bridges, previously trading hands on July 6, initially secured a four-year, $90 million rookie extension with the Phoenix Suns in 2021.
The extend-and-trade rules provide Bridges with various financial possibilities. Should he opt to extend his current contract, he could sign for up to four total years with a 20% raise in the first year of the new deal, followed by 5% annual raises. With two years remaining on his original contract, this scenario could amount to approximately $61.2 million in new money.
Alternatively, if Bridges chooses to wait until the next offseason, he could sign a contract worth about $113 million over three new years. Starting July 1, 2025, Bridges can potentially leverage the typical veteran extension guidelines, entitling him to a 40% raise in the first new year, followed by 8% annual raises. This would enable Bridges to secure four additional years on his deal, potentially guaranteeing himself around $156 million over four new years and approximately $181 million in total.
Future Opportunies for Bridges
Looking further ahead, Bridges could potentially sign a five-year deal in the 2026 offseason. This prospective contract, starting at 30% of the salary cap with 8% annual raises, could see him earning up to $296 million.
However, if Bridges were to seek opportunities with another team, his maximum potential contract would be limited to four years with 5% annual raises. This creates a vital decision point for him regarding his long-term future and financial security within the league.
OG Anunoby's New Chapter with the Knicks
The Knicks further bolstered their roster by re-signing OG Anunoby for a substantial $212.5 million. Anunoby's presence in New York is expected to complement Brunson's skill set effectively, enhancing the team's overall performance and depth.
Anunoby's re-signing reflects the Knicks' strategic approach to assembling a team capable of sustained success. His versatility on both ends of the floor makes him a valuable asset, ideally fit for the team's competitive aspirations.
In conclusion, these significant contract extensions and strategic signings illustrate a tectonic shift in the NBA landscape. The moves by both Brunson and Bridges demonstrate the intricate financial planning and strategic foresight necessary for the players and franchises to navigate the complex NBA contract rules. The Knicks' deliberate focus on cementing a competitive team and the strategic possibilities for Bridges present a compelling narrative as the league continues to evolve.