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The Knicks and Brunson reached an agreement on a four-year, $156.5 million contract extension on Friday.
Brunson had signed a four-year, $104 million contract with New York prior to the 2022-23 season and is widely regarded as one of the best free-agent additions of the modern era.
Brunson would have had the chance to sign a five-year, $269 million extension if he waited until next summer, but he made a very respectable move by signing a more team-friendly deal this offseason. The Athletic's Fred Katz reported on July 8 that Brunson was considering signing for less money in order to give the Knicks more cap space going forward.
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