Knicks All-Star forward Julius Randle becomes eligible on Saturday for an extension that could be worth up to $181.5MM over four years (if he declines his $30.9MM player option for 2025/26). According to Fred Katz of The Athletic, Randle will likely need to take a discount if he’s interested in long-term security.
As Katz details, New York doesn’t want to waste the financial flexibility gained by Jalen Brunson‘s recent extension. That means offering Randle a starting salary of $40.5MM in ’25/26 on a new extension probably isn’t feasible. However, if Randle picks up his ’25/26 option and then extends off that figure for ’26/27, the Knicks would be in great shape from a cap perspective going forward.
Randle could be incentivized to agree to that deal structure because not many teams project to have cap room in 2025 when he could hit free agency, Katz writes. And nearly all of those clubs are rebuilding, making signing a player who would turn 31 before the ’25/26 season begins an odd fit.
Even if an agreement isn’t reached and Randle decides to test free agency next year, Katz says the Knicks have no interest in trading the former Kentucky standout, especially if it would make them worse, since they’re trying to win a championship as soon as possible. Perhaps that could change if Randle becomes unhappy with extension talks, but there’s nothing to suggest that will happen and the Knicks value what he brings to the table and would prefer to keep him, per Katz.
Here’s more on the Knicks:
- Backup center Jericho Sims has been fully healthy this summer for the first time in the past few offseasons, writes Stefan Bondy of The New York Post. According to Bondy’s source, Sims had previously undisclosed thumb surgery two summers ago, followed by shoulder surgery last offseason. Sims, whose minimum-salary deal becomes fully guaranteed on August 16, has been working to sharpen and expand his offensive game the past few months, Bondy adds.
- According to Bondy, the Knicks plan to spend part of their training camp this fall at The Citadel in Charleston, South Carolina. The team also spent about a week training in the same location last year, Bondy notes.
- In a subscriber-only story for The Post, Bondy spoke to former NBA head coach P.J. Carlesimo to get a better idea of what new assistant coach Mark Bryant will bring to the Knicks. Carlesimo coached the former longtime NBA player when he was in college at Seton Hall.
- Chuma Okeke‘s new contract with the Knicks features Exhibit 10 language, Bondy reports (via Twitter). That means Okeke’s deal covers one year for the veteran’s minimum and is fully non-guaranteed. If he’s released before the season begins, Okeke would be eligible for a bonus worth up to $77.5K if agrees to join the Knicks’ NBA G League affiliate in Westchester for at least 60 days.