Karl-Anthony Towns provides contract extension update with Knicks

Karl-Anthony Towns has expressed willingness to accept a pay cut to remain with the New York Knicks, but he is reportedly not willing to sacrifice more than $70 million from a potential maximum contract extension. The Knicks offered Towns a four-year, $200 million extension, significantly less than the maximum of $276 million he could receive. Negotiations have stalled, and the Knicks announced they will pause discussions until later in the season to allow focus on the ongoing championship defense. Towns has performed strongly this season, averaging 21.8 points and 13.8 rebounds per game while helping the Knicks secure recent victories against the Detroit Pistons and Chicago Bulls.

• 1:17 AMYahoo Sports — Karl-Anthony Towns Draws Line on Potential Knicks Pay Cut