Current:Home > ContactAll-Star Jalen Brunson takes less money with new contract to bolster New York Knicks -Infinite Edge Learning
All-Star Jalen Brunson takes less money with new contract to bolster New York Knicks
View
Date:2025-04-13 01:35:06
New York Knicks All-Star Jalen Brunson is taking a page out of Tom Brady and Patrick Mahomes' playbook by agreeing to a new deal that will pay him less money to better the team.
Brunson, 27, agreed to a four-year, $156.5 million contract extension with the Knicks, the team announced Friday. By signing the contract extension this offseason instead of next year, Brunson will make significantly less money — $113 million guaranteed less, to be exact — than he's eligible for in 2025.
Why? Brunson's massive discount will allow the Knicks to keep their current roster together and add missing pieces as the franchise looks to compete for a championship after falling short in the Eastern Conference semifinals against the Indiana Pacers this past season.
"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,” Knicks President Leon Rose said in a statement shared across social media.
According to ESPN, Brunson will lose out on $37.1 million over the next three years, which will keep the Knicks out of the salary cap's second apron level for the 2024-25 NBA season. Brunson's deal includes a fourth-year player option, setting him up to potentially recoup some money by signing a maximum extension in 2028 or 2029.
All things Knicks: Latest New York Knicks news, schedule, roster, stats, injury updates and more.
It's the latest offseason move in New York. The Knicks signed OG Anunoby to a five-year, $212 million contract, a person familiar with the deal confirmed to USA TODAY Sports. New York also made a trade with the Brooklyn Nets to acquire forward Mikal Bridges, who will reunite with former Villanova teammates Brunson, Josh Hart, and Donte DiVincenzo.
Brunson signed with the Knicks in July 2022. He's coming off an All-NBA second team season, where he averaged a career-high 28.7 points (47.9% FG, 40.1% 3PT), 6.7 assists and 3.6 rebounds per game.
Brunson is taking a similar route as Kansas City Chiefs quarterback Patrick Mahomes. After winning back-to-back Super Bowls earlier this year, Mahomes restructured his contract in March to create $21.6 million in cap space for Kansas City this offseason. It marked the second restructuring of his deal in the past six months.
Contributing: Chris Bumbaca
veryGood! (76)
Related
- 2025 'Doomsday Clock': This is how close we are to self
- Long Island and Atlantic City sex worker killings are unrelated, officials say
- 22-month-old girl killed after dresser tips over, trapping her
- Voting rights groups urge court to reject Alabama's new congressional map
- This was the average Social Security benefit in 2004, and here's what it is now
- Maine fisherman hope annual catch quota of valuable baby eel will be raised
- Watch a fire whirl vortex race across the Mojave Desert as a massive wildfire rages through the West
- As NASCAR playoffs loom, who's in, who's on the bubble and who faces a must-win scenario
- Meta releases AI model to enhance Metaverse experience
- Looking to transfer jobs within the same company? How internal transfers work: Ask HR
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Stunt Influencer Remi Lucidi Dead at 30 After Falling From 68th Floor of Skyscraper
- The Crimean Peninsula is both a playground and a battleground, coveted by Ukraine and Russia
- An economic argument for heat safety regulation (Encore)
- Louvre will undergo expansion and restoration project, Macron says
- Missouri man facing scheduled execution for beating death of 6-year-old girl in 2002
- Lady Gaga shares emotional tribute to Tony Bennett: I will miss my friend forever
- Gigi Hadid’s Daughter Khai Looks So Grown Up With Long Hair in New Photos
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Carlos De Oliveira makes initial appearance in Mar-a-Lago documents case
Skip Holtz to join scandal-ridden Northwestern football as special assistant, per reports
Congress tries to break fever of incivility amid string of vulgar, toxic exchanges
Meta donates $1 million to Trump’s inauguration fund
'Fairly shocking': Secret medical lab in California stored bioengineered mice laden with COVID
China accuses U.S. of turning Taiwan into powder keg after White House announces new military aid package
Surf's up! Wave heights increase on California's coasts as climate warms