Oct 10, 2026 12:06 AM

The New York Knicks are in a difficult place with their contract negotiations.

As the New York Knicks prepare for the 2026-27 regular season and a chance at defending their title as NBA champions, they've also been faced with an entirely different challenge, one that threatens to tear the connectivity of the team apart.

The Knicks have three major players all eligible for extensions this season: center Karl-Anthony Towns, guard Josh Hart and guard Miles McBride, and after such a historic season last season and considering how tightly woven the team is, it would seem on paper that each of these extensions would be an easy process to make happen.

Contract Delays

But as time has dragged on, that hasn't been the case. All three players are yet to be extended and both Towns and McBride have expressed differing levels of disappointment that they haven't come to an agreement yet. 

New York Knicks center Karl-Anthony Towns (32) during the first quarter against the Philadelphia 76ers at Xfinity Mobile Arena. Bill Streicher-Imagn ImagesNew York Knicks center Karl-Anthony Towns (32) during the first quarter against the Philadelphia 76ers at Xfinity Mobile Arena. Bill Streicher-Imagn Images

Towns' contract appears to be the particular sticking point as the Knicks are reportedly asking him to take a discount that he sees as unreasonable for the sake of maintaining the Knicks' salary cap security.

Related stories

Owner James Dolan has been adamant in the past that the Knicks wouldn't go over the salary cap for any reason, even if that meant saying goodbye to key pieces of the roster, and those financial limitations are already making things difficult before the season even begins.

New York Knicks guard Josh Hart (3) plays against the Philadelphia 76ers during the first quarter at Xfinity Mobile Arena. Bill Streicher-Imagn ImagesNew York Knicks guard Josh Hart (3) plays against the Philadelphia 76ers during the first quarter at Xfinity Mobile Arena. Bill Streicher-Imagn Images

As a result of these negotiation holdups, the Knicks have announced that they are pausing any and all contract discussions with players until later in the season, a dramatic move that says a lot about the state of the Knicks' relationship with their players and one that threatens the future of the Knicks as a whole.

What This Means

Delaying contract talks even further is a discouraging sign for the Knicks to be able to retain any of their three extension-eligible players at all. Towns in particular has been eligible for an extension since last season and the fact that the Knicks haven't signed him to one already has already been a point of frustration for the center. 

New York Knicks guard Josh Hart (3) plays against the Philadelphia 76ers during the first quarter at Xfinity Mobile Arena. Bill Streicher-Imagn ImagesNew York Knicks guard Josh Hart (3) plays against the Philadelphia 76ers during the first quarter at Xfinity Mobile Arena. Bill Streicher-Imagn Images

McBride and Hart seem to be in less precarious places when it comes to their respective extensions as they will both cost far less than Towns, but the star center is right to dominate these conversations.

As the Knicks' clear number two on the floor behind guard Jalen Brunson and one of the most important players in the 2026 championship run, retaining Towns should be a top priority for the Knicks. 

New York Knicks center Karl-Anthony Towns (32) in action against the Philadelphia 76ers during the second quarter at Xfinity Mobile Arena. Bill Streicher-Imagn ImagesNew York Knicks center Karl-Anthony Towns (32) in action against the Philadelphia 76ers during the second quarter at Xfinity Mobile Arena. Bill Streicher-Imagn Images

However, the financial strain that a new contract from him would put on the team also runs contrary to the Knicks financial preferences, though it cannot be overstated how crucial Towns is to the roster, especially due to the Knicks' overall deficit of reliable big men. 

Pushing the issue down the road now doesn't solve the problem; it only extends it.

Giving more time may allow Dolan and the Knicks to lessen the necessity of staying under the second apron, but it could also give Towns, McBride and Hart more time to fester in their frustration and ultimately could end up pushing them away, blowing up a potential dyansty one season after it reached it's newest height.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy