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Karl-Anthony Towns facing contract dispute with Knicks
Negotiations have stalled as the Knicks seek to avoid the second apron and Towns is eligible for a four-year, $273 million extension, ESPN reported.
Contract negotiations between the New York Knicks and Karl-Anthony Towns have "stagnated," according to ESPN's Shams Charania, with an agreement considered unlikely before training camp next week.
Reports indicate the Knicks asked Towns to accept a discount to avoid the NBA's second apron, while owner James Dolan stated he will not trigger the penalty, saying "Cannot go into the second apron."
Towns helped lead the Knicks to their first NBA title in 53 years this June, averaging 20.1 points and 11.9 rebounds while shooting 50.1 percent from the field and 36.8 percent from deep.
Charania noted that while discussions have remained "cordial," there has been no movement on a deal, with those privy to the situation describing the uncertainty as a "cloud" heading into training camp.
Towns enters the season with a $61 million player option for 2027-28, while the Knicks face financial pressure as Jalen Brunson becomes eligible for a major extension next year.