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Knicks C Karl-Anthony Towns: Extension unlikely before season

By Thomson Reuters Oct 5, 2026 | 1:06 PM

By Field Level Media

Oct 05 (Field Level Media) – Knicks All-Star center Karl-Anthony Towns, a centerpiece in New York’s championship season, is not optimistic a contract ​extension will be finalized before the season opens ‌in two weeks.

Towns, 30, is owed $57 million this season and has a $61.1 million player option for 2027-28. He is eligible for a four-year extension worth a maximum of $276 million.

“It don’t look good,” the six-time ‌All-Star ​told reporters Monday about the odds ⁠of signing a new ⁠deal before the Knicks’ Oct. 20 season opener.

In last season’s playoffs, Towns averaged 15.9 points, 10.6 rebounds and 4.9 assists as the Knicks halted a 53-year title ​drought by taking down the San Antonio Spurs in five games in the NBA Finals.

“I just won a championship,” ⁠Towns said. “You’d think it was ⁠pretty easy. Unless you guys (reporters) think I ​have something else to prove.”

The Knicks will not go into the ​second spending apron, according to owner James Dolan, ‌and chose not to re-sign backup center Mitchell Robinson in the offseason. Robinson signed with the division rival Boston Celtics.

Towns understands keeping the core of a championship team intact ⁠is no easy feat, but feels he deserves his fair share.

“Simply put, I want to do something that can keep the ⁠team together and ‌work with the Knicks and also values ⁠me,” Towns said. “None of those things have ​come ‌close to happening.”

Entering his third season with ​the Knicks after ⁠nine seasons with the Minnesota Timberwolves, Towns has career averages of 22.8 points, 11.1 rebounds and 3.1 assists in 720 games (all starts). The three-time third-team All-NBA selection was the No. 1 overall pick by Minnesota in the 2015 NBA ​Draft.

(–Field Level Media)