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Jalen Brunson and the New York Knicks have agreed to a four-year, $156.5 million contract extension. Brunson will have a player option in Year 4. Brunson could have signed in 2025 for $269.1 million over five years, which is a difference of $113 million guaranteed and an annual average of $39.1 million against $53.8 million.

Brunson joined the Knicks in free agency in 2022 and was an All-NBA selection in 2024. Brunson could become a free agent in 2028 and sign for up to 35 percent of the max either with a four-year, $323 million extension or a five-year, $418 million contract if he becomes a free agent. In the interim, the Knicks will have substantially more cap flexibility to maintain the roster around Brunson and he establishes a precedent of taking less that could be impactful in future extension talks with other players, notably Mikal Bridges.

“Jalen signing his extension to remain with the Knicks for the long-term shows the dedication and passion he has for the organization, the fans and this city,” said Leon Rose, President of the New York Knicks. “Jalen has often called the Knicks his family and we are beyond proud to have him wear and represent our orange and blue for years to come. Jalen has embraced every challenge since he’s come to New York and has been committed since day one to the vision and plan we set forth for the future of this team. Since Jalen joined us two years ago, he has consistently led by example and continues to show a willingness to sacrifice for this organization, his
teammates and everyone in the Knicks family.”