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Mikal Bridges Agrees to a $150 Million Extension with the Knicks, AP Source Says

NEW YORK, JUL 31 – Mikal Bridges agreed to a $150 million extension with a player option, taking a slight pay cut to help Knicks maintain salary flexibility as he enters his prime.

  • On Thursday, the New York Knicks agreed to a four-year, $150 million extension with Mikal Bridges, according to a league source and ESPN.
  • Amid cap pressures under the luxury tax aprons, the Knicks front office accepted a modest discount on Bridges' contract, as `The Jalen Brunson extension last year and now Mikal Bridges, has given New York flexibility to operate under both aprons`.
  • According to Shams Charania, Bridges' deal includes a trade kicker and a player option for 2029-30.
  • With this extension, the Knicks have secured the Villanova trio of Bridges, Jalen Brunson, and Josh Hart, and now have six core payers under contract for at least two seasons.
  • Next season’s cap health improves as the extension increases odds of staying below the second apron into the future, aided by signing Jordan Clarkson and Guerschon Yabusele this offseason.
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Mikal Bridges agrees to a $150 million extension with the Knicks, AP source says

NEW YORK (AP) — Mikal Bridges agreed to a four-year, $150 million extension with the New York Knicks on Thursday, a person with knowledge of the details said. The person confirmed the deal to The Associated Press on condition of anonymity because it had not been announced. It was first reported by ESPN. The Knicks gave up five first-round picks to acquire Bridges last June and he rewarded them by taking less than he could have earned to lock in …

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The Washington Post broke the news in on Thursday, July 31, 2025.
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