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NBA: Karl-Anthony Towns disappointed as Knicks halt $267m contract talks

Yaw Adjei-Mintah by Yaw Adjei-Mintah
October 12, 2026
Reading Time: 1 min read
Karl-Anthony Towns #32 of the New York Knicks looks on against the Philadelphia 76ers (Photo by Mitchell Leff/Getty Images)

Karl-Anthony Towns #32 of the New York Knicks looks on against the Philadelphia 76ers (Photo by Mitchell Leff/Getty Images)

New York Knicks center Karl-Anthony Towns has expressed disappointment after the team suspended negotiations over a potential contract extension.

The Knicks reportedly put talks on hold after Towns sought a four-year deal worth $267 million, while the team offered a contract valued at $200 million over the same period.

The disagreement comes after Towns played a key role in helping the Knicks win their first NBA title in 53 years, raising questions about his long-term future with the franchise.

“It was news to me. Very disappointed to say the least. Let’s state the obvious: It’s business, but there is business on the court for us to handle.”

Jalen Brunson #11 of the New York Knicks lifts the Bill Russell NBA Finals Most Valuable Player Award trophy after defeating the San Antonio Spurs in Game Five of the 2026 NBA Finals at Frost Bank Center on June 13, 2026 in San Antonio, Texas. (Photo by Gregory Shamus/Getty Images)

“I never thought we would get to that point but I think right now what’s best for our team is we just focus on the basketball. It’s going to be a fun game tomorrow” Towns said.

Karl-Anthony Towns #32 of the New York Knicks looks to pass the ball against Victor Wembanyama #1 of the San Antonio Spurs during the first quarter in Game Two of the 2026 NBA Finals (Photo by Gregory Shamus/Getty Images)

30 year old Towns averaged 15.9 points, 10.6 rebounds and 4.9 assists in last season’s playoff run to win his first NBA title.

Karl-Anthony Towns #32 of the New York Knicks reacts during the third quarter against the San Antonio Spurs in Game Two of the 2026 NBA Finals (Photo by Gregory Shamus/Getty Images)
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