Jalen Brunson's Landmark Deal with the Knicks
In a noteworthy move, Jalen Brunson has inked a four-year, $156 million contract extension with the New York Knicks. This contract cements Brunson's place in the Knicks' core, signaling the franchise's commitment to building a competitive team around its talented point guard.
Mikal Bridges: On the Verge of a Major Decision
Another player whose contract situation is drawing significant attention is Mikal Bridges. Having become eligible for an extension, Bridges finds himself at a crucial crossroads in his career. Back in 2021, Bridges secured a four-year, $90 million rookie extension with the Phoenix Suns. However, his future took a turn when he was traded on July 6, setting the stage for his newfound eligibility under the NBA's extend-and-trade rules come October 1.
The extend-and-trade rules allow Bridges to sign for up to four total years with a 20% raise in the first year of the new deal and 5% annual raises thereafter. With two years remaining on his original contract, Bridges could potentially sign for around $61.2 million in new money under these rules.
Yet, the timing of his decision could significantly impact his financial future. If Bridges opts to wait until the next offseason, he stands to sign a contract worth approximately $113 million over three new years. This figure is markedly higher, making it a tempting option for the young star.
2025 and Beyond: Future Prospects for Bridges
Further down the line, the 2025 offseason opens additional possibilities for Bridges. Starting July 1, 2025, he can leverage the typical veteran extension guidelines, which allow for a 40% raise in the first new year, followed by 8% annual raises. This could enable Bridges to secure four additional years on his deal instead of two, potentially guaranteeing himself around $156 million over four new years and approximately $181 million in total.
Moreover, if Bridges waits until the final year of his contract, he could sign a five-year deal starting at 30% of the salary cap with 8% annual raises in 2026. Under a projected 2026-27 cap, this could mean earnings of up to $296 million—underscoring the substantial financial incentives at play. However, with another team, his maximum potential contract would be limited to four years with 5% annual raises.
Bridges' Pressing Decision
The strategic decision facing Bridges can't be understated. Opting for an early extension offers financial security but potentially at the expense of higher earnings down the line. Conversely, waiting could result in a massive payday but carries the inherent risk of market fluctuations and potential injuries.
OG Anunoby's Payday
Meanwhile, OG Anunoby has also made headlines with a substantial contract. Anunoby's re-signing in New York for $212.5 million exemplifies the substantial investments teams are willing to make to secure their marquee players.
Conclusion
As the NBA offseason progresses, the contract dynamics involving players like Jalen Brunson and Mikal Bridges will be closely monitored by fans and analysts alike. The decisions made in the coming months will not only shape their careers but also impact the competitive landscape of the league.