The Knicks are facing several key decisions this offseason, particularly around player extensions and potential roster additions, especially finding support for Mitchell Robinson at center. One of the major talking points is Mikal Bridges, who becomes eligible for a four-year, $109.4 million extension on October 1. But he’s not the only player seeking a new deal soon.
Julius Randle’s Contract Situation
Former All-NBA forward Julius Randle is heading into the final year of his contract, with a $30.9 million player option for the 2025-26 season. Given the rising player salaries, Randle may decline that option to seek a deal worth over $35 million annually. He’s set to count $28.9 million against the salary cap this season after missing time due to shoulder surgery last year, which limited him to 46 games.
Despite the injury, Randle’s numbers remain strong. Last season, he averaged 24 points, 9.2 rebounds, and 5 assists over 35.4 minutes per game, shooting 47.2% from the field and 31.1% from three. His dominance inside and rebounding make him critical to the Knicks’ strategy, especially if they don’t add another big man. However, his health remains a concern as he’s expected to be ready around the season opener on October 22, though full health isn’t guaranteed.
No Urgency for Randle’s Extension
The Knicks appear in no rush to extend Randle’s contract, despite his eligibility for a four-year, $181 million deal. According to Ian Begley of SNY, neither Randle nor the team is pushing for an extension before the season starts. Both sides seem content to go into the season without a new deal in place.
This strategy carries risks for the Knicks. If Randle excels and leads the team deep into the playoffs, his market value could soar, potentially making him more expensive to retain. While locking him in now could secure a favorable deal, waiting may invite competition from other teams when he hits free agency.
Managing Big Contracts and Future Moves
The Knicks also need to navigate their financial commitments carefully. With Jalen Brunson already taking a discount to join the team on a $113 million deal, their focus may shift to extending Bridges, given the assets they traded to acquire him. Randle has earned respect from the front office, becoming a cornerstone after battling inconsistency in previous years. However, the Knicks must balance rewarding Randle’s contributions with maintaining flexibility for the future.
If Randle delivers a stellar season and positions the Knicks as championship contenders, he could demand a higher price tag in free agency. For now, the Knicks are taking a wait-and-see approach, keeping the option for an extension open but not guaranteed.