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Verilumia

The Daily Verified Briefing

Markets

Knicks expected to offer Towns extension below max $272M

Published 7 August 2026

The New York Knicks, fresh off their first NBA championship in 53 years, face a pivotal offseason decision regarding star center Karl-Anthony Towns. According to reports, the team is expected to offer Towns a contract extension but is unlikely to present him with the maximum four-year, $272 million deal he is eligible ...

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