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Jalen Brunson agrees on a four-year contract extension with Knicks

Adrian Wojnarowski: In a largely unprecedented financial concession to give roster flexibility to a contender, New York Knicks star Jalen Brunson has agreed on a four-year, $156.5 million extension, his agent Sam Rose of CAA tells ESPN — $113M less guaranteed than he’s eligible to receive in one year.
Source: Twitter @wojespn

What’s the buzz on Twitter?

Yossi Gozlan @YossiGozlan
Jalen Brunson isn’t giving up $113 million, that’s not the way to look at this.
There’s a pathway for him to make it up.
Five year max between 2025-2030: five years, $269 million.
Three year maximum extension + first two years of max contract in 2028: five years, $263 million. pic.twitter.com/BJ67ceRZ3j5:03 PM
Fred Katz @FredKatz
Jalen Brunson will sign a four-year, $156.5M extension with the Knicks, a league source confirms to The Athletic. The contract is the largest extension the Knicks could offer Brunson and will kick in for the 2025-26 season. @wojespn first. – 5:02 PM
Evan Sidery @esidery
Jalen Brunson signed a four-year, $156.5 million extension with the Knicks, per @wojespn.
Brunson is leaving over $100+ million on the table in order for New York to retain their core long-term.
Brunson becomes the first superstar in NBA history to do this. pic.twitter.com/hU5HwUd93L5:01 PM
Yossi Gozlan @YossiGozlan
Jalen Brunson can decline his player option in 2028 and re-sign for up to five years, projected at $418 million.
That is the projected 35% max for players with 10 years of service in 2028.
He could alternatively opt out in 2028 and extend for up to four years, $254 million. – 5:01 PM
Yossi Gozlan @YossiGozlan
I’m not sure there’s enough ways to express how massive Jalen Brunson taking this extension is for the New York Knicks.
A max level player earning ~20% of the cap will do wonders for team building.
This gives them a much stronger chance at keeping their top 8 players over the – 5:01 PM
Adrian Wojnarowski @wojespn
In a largely unprecedented financial concession to give roster flexibility to a contender, New York Knicks star Jalen Brunson has agreed on a four-year, $156.5 million extension, his agent Sam Rose of CAA tells ESPN — $113M less guaranteed than he’s eligible to receive in one pic.twitter.com/DDJvz7TUlr4:58 PM
Steve Popper @StevePopper
Today’s the day that Jalen Brunson can sign a four-year, $156.5 million extension — something we first wrote about in March that he was considering. While the math will make your head hurt, he will do very well whether signing now or next summer (1/2) – 11:27 AM
Yossi Gozlan @YossiGozlan
Jalen Brunson becomes extension-eligible today for up to four years, $156.5 million.
It would start next season with a raise over his player option and can run through 2028-29. – 8:54 AM
Tommy Beer @TommyBeer
As of 12:01 this morning, Jalen Brunson is eligible to sign an extension that would keep him in New York for the rest of the decade:
tommybeer.substack.com/p/breaking-dow… pic.twitter.com/0YspAoRPJC7:58 AM
Stefan Bondy @SBondyNYDN
Why Jalen Brunson may choose the “crazy” financial option
nypost.com/2024/07/11/spo…10:42 PM
Jake Fischer @JakeLFischer
New ‘No Cap Room’ has early Team USA talk, latest on Jalen Brunson’s and Lauri Markkanen’s possible extensions, and more offseason intel:
🍎 apple.co/3VXOF5D
✳ tinyurl.com/33wrskd4
📺: youtu.be/dmIK-wqrMPA6:30 PM

More on this storyline

Adrian Wojnarowski: The deal — which will cost Brunson $37.1M over the next three years — comes with a fourth-year player option, Rose said, and that would set up Brunson to recoup the rest of the $113M on a four-year, $323M extension in 2028 or a new five year, $418M deal in 2029. -via Twitter @wojespn / July 12, 2024
I read that you were talking to Steve and he was talking to you about Austin Reaves as a comp, not just as a player but what Team USA can do for you. How do you view that? Brandin Podziemski: “Quite frankly, I get compared to a lot of white guys (laughs). But I try to get as many things as I can from the most skilled guys. Whether it be Steph, Austin, Luka and Jalen Brunson, all guys that are not that athletic. So I just try to take bits and pieces from guys that are really skilled and smart and try to apply it. I think this summer I’ve seen a bunch of growth in my game. I’m going to continue to get better through the rest of the summer.” -via SportsKeeda / July 9, 2024

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