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Knicks suspend contract extension talks for Karl-Anthony Towns, Josh Hart 'until later in the season'

The New York Knicks announced Friday that they are suspending all negotiations on contract extensions with eligible players — including Karl-Anthony Towns and Josh Hart, key starters on the team that won the NBA championship back in June — until "later in the season." "As an organization, our entire focus is on preparing for the upcoming season and delivering another year for our fans to be proud of," a Knicks spokesperson said in a statement issued to multiple news outlets on Friday. "As a result, we will not be negotiating contract extensions until later in the season and will remain solely focused on preparing for the start of the season." Join or create a Yahoo Fantasy Basketball league for the 2026-27 NBA season Towns, Hart, sixth man Miles "Deuce" McBride and reserve point guard Tyler Kolek are all eligible for extensions of their current contracts. Towns, who holds a $61 million player option for 2027-28 campaign, is eligible for an extension worth a maximum of $276 million over four years.

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