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Knicks face contract stalemate with Karl-Anthony Towns over pay cut request

Yahoo Sports • 1 min read • Latest: Sep 30, 2026, 6:02 PM

Last updated Sep 30, 2026

Knicks face contract stalemate with Karl-Anthony Towns over pay cut request

Summary

Karl-Anthony Towns is in contract extension negotiations with the New York Knicks, which have stalled. Towns perceives the Knicks' requested pay cut as unreasonable, despite his willingness to accept a reduction similar to teammate Jalen Brunson's. Currently under contract for approximately $57.1 million for the 2026-27 season, Towns is eligible for an extension worth up to $276 million. Knicks management seeks to maintain financial flexibility, impacting Towns' future with the team. However, he has expressed a desire to continue playing in New York.

Source Links

Yahoo Sports

By the Numbers

•Towns calls Knicks' pay cut demand unreasonable.
•He remains under contract for about $57.1 million this season.
•Negotiations may not be resolved before training camp.
•Towns has expressed a strong desire to stay with the Knicks.

Latest Updates

6:02 PMYahoo Sports — Knicks Risk Rift With Karl-Anthony Towns After Making ‘Unreasonable’ Request

What they're saying

"
Karl-Anthony Towns became one of the New York Knicks‘ biggest heroes when they won the NBA championship. They won it after last winning it in 1973, which was 53 years ago. The players and the team have since celebrated the title a lot. Ahead of the new season, the team is gearing up for another [...]
— Yahoo Sports

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