Knicks and Karl-Anthony Towns fail to finalize contract extension

Negotiations between Karl-Anthony Towns and the New York Knicks on a contract extension remain unresolved. Towns is open to reducing his potential earnings from a four-year, $276 million extension but considers the proposed discount from the Knicks unreasonable. The team faces financial constraints under the NBA's salary cap, influencing the negotiation dynamics. Despite the impasse, both sides express a desire to keep the partnership intact, with Towns keen to finalize an extension during the season.

• 7:00 PMYahoo Sports — Knicks’ contract talks with Karl-Anthony Towns hit another snag