Karl-Anthony Towns has two more years left on his contract, as well as a $61 million player option for the 2027-28 season. He is currently eligible to sign a two-year extension, worth just under $150 million. While Towns is a crucial part of this team, fans shouldn't expect the team to lock in that much added money before they find out what the ceiling of this roster is.
Speaking on the Zach Lowe Show, Sam Amick of The Athletic explained that he didn't see any urgency from the Knicks to get a deal done.