Towns casts doubt on Knicks extension before new NBA season

Karl-Anthony Towns has cast doubt on reaching a contract extension with the New York Knicks before the 2026-27 NBA season begins, saying an agreement before the season is not looking promising despite his willingness to discuss a deal below the maximum available.

Speaking on Monday, 5 October, ahead of New York’s preseason opener in Philly, Towns said: “It don’t look good.” He added: “Simply put, I want to do something that can keep the team together and work with the Knicks and also values me. None of those things have come close to happening.”

Championship run raised expectations

Towns had expected talks to move quickly after helping New York win its first NBA title in more than 50 years. His playoff performances gave him reason to believe a long-term agreement could be settled during the summer, but no deal has been reached as the new season approaches.

He has said he would accept less than the maximum to help keep the championship team together, as Jalen Brunson did while the roster was being built. Towns must also weigh that aim against the value of what could be one of his final major contracts.

Reported offer leaves a sizeable gap

According to the New York Post, the Knicks’ current offer is $200 million over four years, nearly $77 million below the maximum they could offer. Towns’ comments indicate that the proposed terms have not struck the balance he wants between supporting the team and being valued himself.

The talks take place under NBA second-apron restrictions, which make it difficult for championship teams to retain top talent while keeping their core intact. Knicks owner James Dolan has made clear that he will not cross the second apron.

New York also has further contract decisions ahead. Josh Hart is extension-eligible this summer, while OG Anunoby and Brunson are due for new deals in 2027.

What happens next

Negotiations can continue during the season, although the timing would leave Towns discussing his future while playing. For now, his comments make clear that an agreement before the season is in doubt.

The Knicks could also table negotiations until next summer, when Towns can become a free agent if he declines his player option. That possibility adds urgency to talks that affect not only his future, but how the Knicks plan to keep their title-winning roster together.