Knicks announce they are pausing all contract extension talks, including with Karl-Anthony Towns

Contract extension talks were becoming a distraction around the team, so the Knicks postponed them.

By Kurt Helin · Yahoo

Published: Friday, 9 October 2026 at 3:36 PM

Key Things to Know

The New York Knicks paused all contract extension talks until later in the season.
The freeze directly impacts Karl-Anthony Towns, Josh Hart, Miles McBride, and Tyler Kolek.
Towns reportedly received an offer of $200 million over four years instead of his $276 million maximum.

The Story in 60 Seconds

The New York Knicks announced that they are pausing all contract extension negotiations until later in the season. The decision impacts four eligible players: Karl-Anthony Towns, Josh Hart, Miles McBride, and Tyler Kolek. The organization stated that the team is entirely focused on preparing for the upcoming season to avoid ongoing contract distractions before raising their championship banner.

Towns is eligible for a four-year, $276 million extension, but the Knicks reportedly offered four years and $200 million. Kurt Helin notes that long-term luxury tax constraints will make retaining the core challenging.

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Knicks announce they are pausing all contract extension talks, including with Karl-Anthony Towns

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