Towns, Knicks Extension Talks Stall Before Training Camp

Extension negotiations between Karl-Anthony Towns and the New York Knicks have stalled, and a deal before training camp is considered unlikely, according to reports. The sides remain interested in continuing their relationship, however, and could keep negotiating during the season. Towns is eligible for a four-year extension estimated in the reports at about $272 million to $273 million. The Knicks reportedly want him to accept less than the maximum, but the team’s exact offer and Towns’s position are not public. The difference between the reported maximum figures has not been explained. The talks follow months of offseason discussions, with little recent progress. There is no immediate deadline for an agreement, and the reports do not indicate that negotiations have ended. An unnamed league source described the conversations as cordial and positive, while saying that a deal not completed now could still happen. Towns is scheduled to earn $57 million this season and has a $61 million player option for the 2027-28 season. He could decline that option and become a free agent in 2027.