Karl-Anthony Towns' extension talks with Knicks remain unresolved

Yahoo Sports • 1 min read • Latest: Oct 28, 2026, 5:48 AM

Last updated Oct 28, 2026

Karl-Anthony Towns' extension talks with Knicks remain unresolved
Summary

Karl-Anthony Towns' contract extension negotiations with the New York Knicks have hit a standstill, with the player currently eligible for a four-year deal worth up to $277 million. The Knicks have reportedly offered only $200 million, prompting Towns to consider lowering his demands. Shaquille O’Neal expressed concern that this gap could affect Towns’ trust in the organization and his mental focus. The deadline for reaching an agreement could extend into the season, as Towns has a $61 million player option for the 2027-28 season, which he could opt out of next summer if no resolution is found.

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Status Watch
  • •Towns helped the Knicks win the NBA Championship last season
  • •Knicks offered $200 million, Towns eligible for $277 million
  • •Negotiations could affect Towns' trust and mental focus
  • •Towns may lower his demands to around $225-$240 million
  • •He holds a $61 million player option for 2027-28
Latest Updates
  • 5:48 AMYahoo Sports — 'Can't trust his organisation': Shaquille O'Neal issues verdict on Karl-Anthony Towns' Knicks extension
What they're saying
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The contract extension drama between Karl-Anthony Towns and the New York Knicks has been going on for a few months now. The 30-year-old played a key part in helping the Knicks win the NBA Championship last season, and many expected his extension to be a formality.

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