Karl-Anthony Towns and New York Knicks fail to agree on contract extension before NBA season

Karl-Anthony Towns, the All-Star center for the New York Knicks, is entering the 2026-27 NBA season with his contract situation unresolved. Towns is eligible for a four-year extension worth up to $276 million, but the Knicks have offered a significantly lower amount, and negotiations have stalled. Towns has expressed frustration, saying he wants to stay but feels the offer is unreasonable. The Knicks are trying to avoid the NBA's second luxury-tax apron while keeping their championship core intact. If no extension is reached, Towns could become a free agent next summer.