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Home » Blog » Mikal Bridges Agrees to $150 Million Contract Extension with Knicks
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Mikal Bridges Agrees to $150 Million Contract Extension with Knicks

The New York Knicks are set to extend Mikal Bridges’ contract for four years, totaling $150 million, a source confirmed on Thursday.

thesportsreport
Last updated: August 6, 2025 8:59 pm
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The New York Knicks are set to extend Mikal Bridges’ contract for four years, totaling $150 million, a source confirmed on Thursday. This deal, which includes a player option, is approximately $6 million less than the max allowable, potentially providing the Knicks with greater flexibility under the league’s collective bargaining agreement.

By signing this extension, Bridges forgoes the chance to enter free agency next summer, where he could have sought a max deal worth nearly $300 million over five years. The extension, which is effective from the 2026-27 season, averages $37.5 million annually, a more palatable figure given Bridges’ previous struggles, particularly last season, though he rebounded during the playoffs.

At 28 years old, Bridges is key to the Knicks’ core, which includes players who are all in their primes and under contract for at least the next three years. His decision to accept a contract below the maximum was characterized as a strategic move to help the team maintain its future options, but it diverges from the situation of Jalen Brunson, who opted for a larger max deal last year after also having the opportunity.

Bridges, who frequently played a supporting role last season, can’t explore free agency until after the 2029 season. His new contract eliminates immediate speculation about him being traded, as NBA regulations stipulate that he cannot be moved for six months post-signing.

For the 2026-27 season, the Knicks’ starting five—Bridges, Brunson, OG Anunoby, Karl-Anthony Towns, and Josh Hart—will command over $150 million in salaries combined. This roster aims at making a strong playoff push under the guidance of new head coach Mike Brown.

“We have a team that’s going to be together for a while,” commented team owner James Dolan in a past interview. “Leon [Rose] has done a good job of lining up the contracts. So, this isn’t our only season; we’re going to play a bunch of seasons together.”

Bridges was originally acquired from the Brooklyn Nets last season for five first-round picks, a move that raised eyebrows amid initial struggles in his transition. Adjusting from being Brooklyn’s primary scoring option to a supporting player in New York presented challenges, especially defensively.

Earlier this year, he expressed concerns over his playing time, urging coach Tom Thibodeau to reduce minutes for starters—a topic that gained traction in national discussions following Thibodeau’s dismissal after the Knicks’ exit from the Eastern Conference Finals.

Despite these hurdles, Bridges demonstrated resilience, establishing a league-high streak of 556 consecutive games played, a significant feat in an era prioritizing player rest. He led the league in total minutes played last season, surpassing 3,000, and traveled over 231 miles on the court. His standout performances, particularly in playoff series against the Pistons and Celtics, highlighted his critical role in the team’s success, culminating in decisive defensive plays that showcased his value, even as he faced setbacks in the conference finals against Indiana.

Ultimately, the Knicks are reaffirming their investment in Bridges as they look to build a competitive team for the future.BASKETBALL

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