In a move that has sent shockwaves through the NBA, All-Star guard Jalen Brunson has agreed to a four-year, \$156.5 million contract extension with the New York Knicks. This decision, announced on July 12, 2024, sees Brunson forgo a potential five-year, \$269 million deal in 2025, choosing instead to provide the Knicks with increased financial flexibility as they aim for an NBA championship.
Brunson’s decision to take a pay cut is unprecedented for a player of his caliber. By opting for the \$156.5 million extension, he is sacrificing approximately \$113 million over the next three years. This move helps the Knicks avoid the luxury tax’s second apron, a punitive threshold that severely limits a team’s ability to make trades, sign players, and use draft picks .
The extension includes a player option for the fourth year, allowing Brunson to potentially sign a more lucrative deal in the future. This strategic decision reflects his commitment to the team’s success and his belief in the Knicks’ championship aspirations.
**Brunson’s Impact on the Court**
Since joining the Knicks, Brunson has been a transformative presence on the court. In the 2023-24 season, he averaged 28.7 points per game, 6.7 assists, and 3.6 rebounds, leading the team to the second round of the playoffs. His performance earned him All-NBA Second Team honors and a fifth-place finish in MVP voting .
Brunson’s leadership and scoring ability have been instrumental in the Knicks’ resurgence, making him the team’s most valuable player and a central figure in their pursuit of an NBA title.
**Fan Reactions and Legacy**
Fans have expressed their admiration for Brunson’s selflessness and dedication to the team. Social media platforms are abuzz with praise, with many calling for a statue in his honor. One fan commented, “Jalen signing the 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” .
Brunson’s willingness to sacrifice financial gain for the team’s success has solidified his status as a franchise cornerstone and a beloved figure in New York sports history.
With Brunson leading the way, the Knicks are poised to build on their recent success and contend for an NBA championship. His extension ensures that the team has the financial flexibility to strengthen its roster and make the necessary moves to achieve their goals.
As the 2025-26 season approaches, all eyes will be on the Knicks as they look to capitalize on Brunson’s leadership and the opportunities his contract extension has created.