Karl Anthony Towns Open to Knicks Pay Cut

Karl-Anthony Towns says he’ll take less money to stay with the champion Knicks. In an interview with ESPN’s Malika Andrews, Towns said, “I want this team to stay together.” He’s eligible for a four-year, $276 million extension, but ESPN’s Shams Charania reported New York’s latest offer was around four years and $200 million. The gap is still real. Towns has one guaranteed year left with a $57 million cap hit and a $61 million player option for 2027-28. The Knicks paused talks until later in the season, and James Dolan doesn’t want to go over the second apron. New York also has extension calls ahead with Miles McBride, Josh Hart, Tyler Kolek, and eventually Jalen Brunson.