BUSINESSNBA

Karl-Anthony Towns ‘very disappointed’ Knicks shut down contract talks: ‘News to me’

An image collage containing 2 images, Image 1 shows Karl-Anthony Towns speaks to the media during New York Knicks Media Day, Image 2 shows New York Knicks owner James Dolan sits courtside with his arms crossed The Knicks' decision to cut off contract extension talks via a statement released Friday didn't sit well with him, coming as "news to me." "Obviously very disappointed, to say the least. Let's be honest here," the big man said Sunday. "But even though there was no business done, there's still business to be handled. After 53 years, we found a way to bring this trophy back to New York, and we intend for it to stay in New York." Karl-Anthony Towns (32) of the New York Knicks speaks to the media during New York Knicks Media Day at the Knicks Training Facility on Monday, September 28, 2026, in Tarrytown, New York. Getty Images Towns had been vocal about the stalled talks, especially since the Knicks are coming off their first championship since 1973. The Post previously reported the Knicks offered Towns a four-year deal worth about $200 million. That is $77 million less than his max and a pay cut from his current $57 million salary. Towns is willing to take a discount, but not such a drastic one.

October 11, 2026Yahoo Sports
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Karl-Anthony Towns is publicly expressing frustration over the Knicks' decision to pause contract extension talks. This creates uncertainty regarding his long-term tenure in New York and could serve as a distraction early in the season.

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