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Julius Randle agrees to $117 million contract extension with Knicks, source says

Julius Randle of the Knicks reacts after a basket during the second half of a game against the Philadelphia 76ers on March 16, 2021. Credit: AP/Matt Slocum

With the pieces around him assembled, Knicks All-NBA forward Julius Randle decided it was time to reinforce the centerpiece, agreeing to a four-year contract extension to secure his future in New York.

Randle and his CAA agents Aaron Mintz and Steve Heumann, familiar former associates of Knicks president Leon Rose, agreed to a four-year, $117 million contract extension, a league source confirmed. While Randle was expected to remain in place as the cornerstone of the franchise after elevating his game to earn second-team All-NBA honors last season and being named the NBA’s Most Improved Player, he could have played out the final year of his contract and then been eligible for an extension, which would have paid him more than $200 million.