From CBS Sports · · 1m 50s
James Dolan's Second Apron Challenge
Knicks face salary cap squeeze after Towns extension talks stall.
In brief
Knicks face salary cap squeeze after Towns extension talks stall. Knicks must trade or cut players to keep Towns on team without breaching $221 million salary cap. Originally reported by CBS Sports.
James Dolan's reputation
James dolan is an easy target for criticism as the nba's poster owner for the rich and obnoxious.
Knicks championship success
The new york knicks won their first championship since 1973 giving dolan temporary grace.
Towns contract extension
Karl-anthony towns is eligible for a four-year extension worth up to $276 million.
Current offer for towns
The knicks are currently offering towns around $200 million for his four-year extension.
Second apron salary cap
The second apron salary cap is set at $221 million for the current season.
Dolan's stance on second apron
Dolan called breaching the second apron 'suicidal' for the knicks.
Knicks salary situation
The knicks have roughly $93 million in space below the second apron.
Towns' player option
Towns has a $61 million player option for 2027-28.
Hart's team option
Josh hart has a $22.3 million team option next season.
Potential roster impact
If towns and hart exercise options, knicks have about $10 million in space below the second apron.
Future contract pressures
Jalen brunson and og anunoby will be due for new contracts in 2028.
Mikal bridges' timeline
Mikal bridges will be due for a new contract the year after 2028.
Knicks' potential trade
Knicks may trade miles mcbride to stay under second apron.
Towns' age and contract
Towns will be 35 by the end of his four-year extension and making north of $50 million per year.
The headline
Knicks must trade or cut players to keep Towns on team without breaching $221 million salary cap.
