Karl-Anthony Towns’ Future With the Knicks May Not Be As Simple As It Looks

New York Knicks center Karl-Anthony Towns (32) celebrates after scoring against the Philadelphia 76ers.

The New York Knicks are just two wins away from their first NBA championship in 53 years, but even in the middle of a Finals run, major offseason questions are already looming.

And one of the biggest revolves around Karl-Anthony Towns. According to The Athletic’s Sam Amick, there will “still be a discussion to be had” about Towns’ long-term future in New York — even if the Knicks go on to win the title.

That may sound surprising considering how important Towns has been throughout the playoffs, but the reality is simple: his next contract could create major financial challenges for the Knicks moving forward.

Karl-Anthony Towns Is Eligible for a Massive Extension

New York Knicks center Karl-Anthony Towns (32) grabs a rebound.
May 21, 2026; New York, New York, USA; New York Knicks center Karl-Anthony Towns (32) grabs a rebound against Cleveland Cavaliers guard Max Strus (2) and center Jarrett Allen (31) in front of Knicks guards Mikal Bridges (25) and Jalen Brunson (11) and forward OG Anunoby (8) during the third quarter of game two of the eastern conference finals during the 2026 NBA playoffs at Madison Square Garden. Mandatory Credit: Brad Penner-Imagn Images

Towns is already under contract through next season and also holds a staggering $61 million player option for the 2027-28 season. But the bigger issue is what comes after that.

The All-Star big man is eligible for a four-year extension worth approximately $272 million, which would dramatically impact New York’s salary structure at a time when second-apron penalties are becoming increasingly brutal under the NBA’s new collective bargaining agreement.

That’s where things get complicated. The Knicks are no longer just trying to build a contender. They already are one. Now the challenge becomes keeping that roster together without destroying the depth that helped them reach the Finals in the first place.

The NBA’s Second Apron Is Changing Everything

The second apron has quietly become one of the most feared obstacles in the league. Teams that cross it face severe roster-building restrictions, including limitations on trades, buyout signings, and future draft flexibility. In many ways, it punishes teams for becoming too expensive.

That’s why Towns’ extension discussions matter so much. Even if the Knicks love what he brings offensively, they have to determine whether paying him superstar money deep into his 30s is worth potentially sacrificing roster flexibility around him. And that’s especially difficult because New York’s current formula has worked so well precisely because of its depth, versatility, and supporting cast.

Karl-Anthony Towns Has Been Critical to the Knicks’ Finals Run

To be clear, this isn’t about Towns underperforming. Far from it. The former No. 1 overall pick has been one of the Knicks’ most important players throughout the postseason, averaging 17.3 points, 10.8 rebounds, and 5.6 assists per game during the playoffs.

He was outstanding again in Game 2 against the San Antonio Spurs, posting 21 points and 13 rebounds as New York grabbed a 2-0 Finals lead.

Amick even noted that the tone surrounding Towns internally is expected to be “far more flattering” this time around because of everything he has done for the franchise during this run. But appreciation and financial reality are two different things.

Winning a Championship Doesn’t Eliminate Tough Decisions

One of the hardest parts of building a championship team isn’t reaching the top; it’s staying there. That’s the exact situation the Knicks are heading toward.

If Towns seeks the full extension he is eligible for, New York will have to decide whether committing that kind of money to him aligns with the long-term future of the franchise.

The awkward reality is that even championship teams eventually face painful financial choices. The new CBA almost guarantees it. For now, none of that matters inside the Knicks locker room. The focus remains entirely on finishing the job and winning two more games. But once the confetti settles, whether the Knicks win the title or not, Karl-Anthony Towns’ contract situation could quickly become one of the biggest storylines of the NBA offseason.