All-Star forward Julius Randle and the Knicks have agreed to a four-year extension worth $117 million, according to ESPN's Adrian Wojnarowski.
The agreement will elevate Randle's total contract to five-years and $140 million.
Randle also has a player option for the final season in 2025-2026, per ESPN.
The extension comes after Randle had his best career season in 2020-21. In his second year with New York, Randle averaged 24.1 points, 10.2 rebounds and six assists per game. For his individual efforts, Randle was named the NBA's Most Improved Player and was also named to the All-NBA third team.