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NFT: Jalen Brunson signs 4 year extension at huge discount

Strahan91 : 7/12/2024 5:00 pm
Adrian Wojnarowski
@wojespn
·
1m
In a largely unprecedented financial concession to give roster flexibility to a contender, New York Knicks star Jalen Brunson has agreed on a four-year, $156.5 million extension, his agent Sam Rose of CAA tells ESPN --- $113M less guaranteed than he’s eligible to receive in one…
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Can you imagine the marketing/endorsement opportunities  
81_Great_Dane : 7/12/2024 10:11 pm : link
for Brunson if the Knicks win a title? If they went on an extended run he’d have as many deals as Steph Curry.
Jokubaitis apparently going back to…  
Mike in St. Louis : 7/12/2024 11:01 pm : link
Lithuania, according to media there…won’t be in Knicks camp…
RE: Cap  
Larry in Pencilvania : 7/12/2024 11:01 pm : link
In comment 16552580 Carl in CT said:
Quote:
Wise?


It does nothing this year. The extension will kick in next year and give them flexibility to make trades, re-sign Mitch or Mikal
Brunson is going to make  
nygiants16 : 7/12/2024 11:14 pm : link
2 million more than IQ, this is insane, Knicks are going to be a top 5 team in the NBA, everybody signed and still under the 2nd apron, meanwhile teams like Boston are going to be paying insane cap penalties and start losing draft picks soon
RE: Jokubaitis apparently going back to…  
Del Shofner : 7/12/2024 11:42 pm : link
In comment 16552737 Mike in St. Louis said:
Quote:
Lithuania, according to media there…won’t be in Knicks camp…


Why am I not surprised ...
RE: RE: OK, thanks for clarifying that.  
Del Shofner : 7/12/2024 11:43 pm : link
In comment 16552655 Optimus-NY said:
Quote:
In comment 16552622 Del Shofner said:


Quote:


So any guess why we haven't signed Precious and McCullar?



Could be part of a bigger deal to come. Watch this video below for the 411 (start watching at the 15:34 mark that I've got linked for you below):
KFS POD | Cap Or No Cap? (4.0) - Backup Center of Attention - Knicks Film School - July 8, 2024 - ( New Window )


Interesting, thanks.
RE: Brunson is going to make  
Larry in Pencilvania : 7/12/2024 11:45 pm : link
In comment 16552740 nygiants16 said:
Quote:
2 million more than IQ, this is insane, Knicks are going to be a top 5 team in the NBA, everybody signed and still under the 2nd apron, meanwhile teams like Boston are going to be paying insane cap penalties and start losing draft picks soon


The Suns have a payroll this coming season of $428 million with $223 million in salaries and the rest is luxury tax. They are stuck with Beal and can't make moves to improve. The Sixers have 96% of their cap in 3 players. The Knicks have 96% of cap in approx 8 players.

This extension will allow them to continue to improve and have to shelf depth
RE: Told yall in  
BC Eagles94 : 7/12/2024 11:48 pm : link
In comment 16552556 ajr2456 said:
Quote:
April


You also said IHart was coming back, which looks to have never been a possibility.
RE: RE: Told yall in  
Mike in NJ : 7/12/2024 11:58 pm : link
In comment 16552748 BC Eagles94 said:
Quote:
In comment 16552556 ajr2456 said:


Quote:


April



You also said IHart was coming back, which looks to have never been a possibility.


I mean, he signed for like $13 mil per year more than what the Knicks could have offered. Seems like OKC thought him going back to the Knicks was a real possibility or they wouldn’t have gone that far above and beyond what New York could match.
RE: RE: Told yall in  
ajr2456 : 7/13/2024 5:51 am : link
In comment 16552748 BC Eagles94 said:
Quote:
In comment 16552556 ajr2456 said:


Quote:


April



You also said IHart was coming back, which looks to have never been a possibility.


I said the Knicks expected him to come back, which was the case until OKC offered nearly $30 million a year. My track record speaks for itself, including having Mikal as the move most likely to happen in April too
RE: RE: RE: Told yall in  
bluefin : 7/13/2024 6:04 am : link
In comment 16552761 ajr2456 said:
Quote:
In comment 16552748 BC Eagles94 said:


Quote:


In comment 16552556 ajr2456 said:


Quote:


April



You also said IHart was coming back, which looks to have never been a possibility.



I said the Knicks expected him to come back, which was the case until OKC offered nearly $30 million a year. My track record speaks for itself, including having Mikal as the move most likely to happen in April too

yup
If the Knicks were never a possibikity for Ihart  
nygiants16 : 7/13/2024 8:46 am : link
why did OKC offer him double what the Knicks could offer? Pretty obvious to me OKC thought if they didnt over power the Knicks offer he was coming back to the Knicks
Not to pile on because ajr has been awesome  
robbieballs2003 : 7/13/2024 8:47 am : link
But, ajr, I am pretty sure you said IHart is coming back. When pressed you then said that is the expectation. Those are two different things.
RE: Not to pile on because ajr has been awesome  
Mike in NJ : 7/13/2024 8:51 am : link
In comment 16552773 robbieballs2003 said:
Quote:
But, ajr, I am pretty sure you said IHart is coming back. When pressed you then said that is the expectation. Those are two different things.


The Knicks also expected that Kevin Durant and Kyrie were going to sign with them, shit happens and things change. Doesn’t mean the information was bad
ihart is actually getting less guaranteed money from OKC  
shyster : 7/13/2024 8:55 am : link
than he could have gotten from the Knicks.

2 years/$58M vs 4 years/$72M.

It's not as though he got 4 years/$144M from OKC. Which would actually be double.
What is going to be the lineup next year...DDV and Hart are going to  
fredgbrown : 7/13/2024 8:55 am : link
take a hit in minutes going to lower 20s and Deuce unless injuries hit will be 10 to 15 minutes. Thibs is going have to keep everyone happy. I know there will be injuries and they can play on back to back less minutes..and they can even give guys a day off every once in awhile but players are going want to hit that 65 limit to be eligible for awards.
RE: ihart is actually getting less guaranteed money from OKC  
nygiants16 : 7/13/2024 8:59 am : link
In comment 16552778 shyster said:
Quote:
than he could have gotten from the Knicks.

2 years/$58M vs 4 years/$72M.

It's not as though he got 4 years/$144M from OKC. Which would actually be double.


30 million a year vs 16 million a year is double..

Its also 58 million in 2 years over 72 million in 4 years..

Its also only have 64 million the Knicks could offer, the 72 was with incentives..

So he would of 6 more million guaranteed from the Knicks but it would of been in 4 years..
RE: RE: ihart is actually getting less guaranteed money from OKC  
shyster : 7/13/2024 9:17 am : link
In comment 16552780 nygiants16 said:
Quote:

30 million a year vs 16 million a year is double..

Its also 58 million in 2 years over 72 million in 4 years..

Its also only have 64 million the Knicks could offer, the 72 was with incentives..

So he would of 6 more million guaranteed from the Knicks but it would of been in 4 years..


As you know, iHart's second guaranteed year with OKC is $28.5M, so $29.2M guaranteed for two years/$58.5M.

I'd say that's a significant come down from the 4y/$100m guaranteed potential being floated for iHart around the time Begley said he was unlikely to return, which was the day of the Bridges trade and the day before the draft.

I haven't been able to find info on the details of the incentives that made up $8.5M of the Knicks' max 4y/$72.5M offer to iHart. But at least the opportunity would have been there. Don't see any in his OKC contract.
Just a reminder:  
Anakim : 7/13/2024 9:46 am : link
THE KNICKS PLAY TODAY!!!
Taj signs with Hornets  
nygiants16 : 7/13/2024 10:56 am : link
..
Some notable SL stuff:  
Jon In NYC : 7/13/2024 11:30 am : link

Alex Sarr with 4 blocks and looked impressive defensively

Bub Carrington also looked good, 19-9-8. The Wizards may have had a sneaky good draft

Terrance Shannon looked great, with 25 points. There's definitely a chance we regret not taking him instead of Dadiet.

Dillingham really struggled

As we all expected, Bronny is awful.

Daron Holmes tore his achilles, really tough break for someone the Nuggets were really excited about. Their depth is in serious trouble.

Nets fan here, but Jalen Brunson  
Section331 : 7/13/2024 11:39 am : link
is everything you want in a team leader. I liked the signing for NYK, but I did wonder how he would perform without having Luka beside him. Well, he got better. Not entirely surprising, given that he was the 33rd pick and worked his ass off to become a legit superstar.

And now this, clearly a guy who values winning over being the highest paid.
maybe im misunderstanding something but this seems obvious for brunson  
Eric on Li : 7/13/2024 11:44 am : link
Yossi Gozlan
Quote:
@YossiGozlan
·
18h
Jalen Brunson isn’t giving up $113 million, that’s not the way to look at this.

There’s a pathway for him to make it up.

Five year max between 2025-2030: five years, $269 million.

Three year maximum extension + first two years of max contract in 2028: five years, $263 million.


and on top of that doing an extension now guarantees him more than 2x his career earnings (to this point $60m, would have been 85m after this upcoming year, now guaranteed $156m).

so he gets a big chunk of life changing money guaranteed now and eliminates any performance/injury risk from this year.

he helps his team over the next 3 years put better players around him.

and it could only cost him $6m gross which is really half that amount post tax. and if the next rights deal is as big as being implied, i think that future 35% max projection could go up even higher to cover that spread?



he basically traded 1 immediate year of risk of underperformance/injury in 2024-25, for 2 future years of risk of underperformance/injury in 2025-2027. and i would have to believe all parties involved have some kind of understanding about that future contract.
Going  
DanMetroMan : 7/13/2024 12:27 pm : link
to call this my greatest tweet ever lol


"Daniel Wexler
@WexlerRules
Still like Jalen Brunson round 2 if we don't land a PG round 1. The French kid scares me round 1 #Knicks"
RE: Going  
ajr2456 : 7/13/2024 12:52 pm : link
In comment 16552902 DanMetroMan said:
Quote:
to call this my greatest tweet ever lol


"Daniel Wexler
@WexlerRules
Still like Jalen Brunson round 2 if we don't land a PG round 1. The French kid scares me round 1 #Knicks"


The polar opposite
Tweet - ( New Window )
Bridges and Precious?  
ColHowPepper : 7/13/2024 12:57 pm : link
As to why no signing (yet) of Precious, this may simply be The Athletic fluff and speculation, but saw a note re trade talks on Kessler.

More concretely, a bit OT from JB extension, but what are your takes on Fred Katz' assessment of the roles Bridges will play in 1st 5 and reserves this season? I'm not the NYK student you guys are but the emphasis on the 2nd unit surprised me.
https://www.nytimes.com/athletic/5627275/2024/07/10/knicks-mikal-bridges-ideal-fit/
RE: Bridges and Precious?  
Jon In NYC : 7/13/2024 2:04 pm : link
In comment 16552910 ColHowPepper said:
Quote:
As to why no signing (yet) of Precious, this may simply be The Athletic fluff and speculation, but saw a note re trade talks on Kessler.

More concretely, a bit OT from JB extension, but what are your takes on Fred Katz' assessment of the roles Bridges will play in 1st 5 and reserves this season? I'm not the NYK student you guys are but the emphasis on the 2nd unit surprised me.
https://www.nytimes.com/athletic/5627275/2024/07/10/knicks-mikal-bridges-ideal-fit/


Was the Kessler stuff recent? I hadn't seen that.

I think they'll pair Bridges and Randle and Brunson and OG in their lineup staggering. Keep one elite defender and one primary ball handler in the lineup at all times. Hart and DVO are so versatile they would fit in fine with both duos.
McCullar  
DanMetroMan : 7/13/2024 2:34 pm : link
To miss SL with knee issues. Reportedly the same issues he’s been dealing with since March. Obviously, not great to hear that.
Jon,  
ColHowPepper : 7/13/2024 2:39 pm : link
Kessler item hit my feed (on mobile?) I think via The Athletic in the last day or so, but it might have been for kicks and clicks and reprising something a week old...?
https://x.com/i/status/1808944530432901276
Maybe with the apron nailed down Leon can pull more rabbits.

On Bridges and Brunson, seems as though you and Katz pretty much on same page. I had (ignorantly) assumed he'd be first 5 but the rotation laid out might save them from Thibs.
RE: maybe im misunderstanding something but this seems obvious for brunson  
larryflower37 : 7/13/2024 3:28 pm : link
In comment 16552879 Eric on Li said:
Quote:
Yossi Gozlan


Quote:


@YossiGozlan
·
18h
Jalen Brunson isn’t giving up $113 million, that’s not the way to look at this.

There’s a pathway for him to make it up.

Five year max between 2025-2030: five years, $269 million.

Three year maximum extension + first two years of max contract in 2028: five years, $263 million.



and on top of that doing an extension now guarantees him more than 2x his career earnings (to this point $60m, would have been 85m after this upcoming year, now guaranteed $156m).

so he gets a big chunk of life changing money guaranteed now and eliminates any performance/injury risk from this year.

he helps his team over the next 3 years put better players around him.

and it could only cost him $6m gross which is really half that amount post tax. and if the next rights deal is as big as being implied, i think that future 35% max projection could go up even higher to cover that spread?



he basically traded 1 immediate year of risk of underperformance/injury in 2024-25, for 2 future years of risk of underperformance/injury in 2025-2027. and i would have to believe all parties involved have some kind of understanding about that future contract.

This is all good but you can't bank on money in 2028 so much can happen in 4 years when the deal comes up so it's a bold move on his part to take the deal now.
I know everyone talks about the next deal but a 30 yr old PG might not get the max deal down the road and Rose could be gone. Knicks could be sold and he still could get injured. What he did was selfless right now and a bold move.
larry doesnt the same logic apply to banking on money 1 year from now?  
Eric on Li : 7/13/2024 3:42 pm : link
like i get 2025-26 is 2 years earlier than 2027-28, but it is the exact same premise.

he guaranteed himself and extra 130m today. and preserved the right to make up that difference of anything he may have left on the table waiting until next year, just 2 years later.

do you not see that there was also risk to delay guaranteeing the extra $130m for 1 more full year?

if i had $60m of lifetime earnings, id be a lot more motivated to lock in that $130m that worried about possibly forgoing $37m in the process. just yesterday some kid in summer league tore his achilles. was just drafted a few weeks ago, totally innocuous looking play.
RE: Some notable SL stuff:  
Stu11 : 7/13/2024 3:45 pm : link
In comment 16552869 Jon In NYC said:
Quote:



Terrance Shannon looked great, with 25 points. There's definitely a chance we regret not taking him instead of Dadier

Yeah I made my feelings known on Shannon here a few times before the draft. He could end up being one of the absolute steals of the draft. The league has absolutely fallen in love with the 3 & D wings. He doesn't fit that classic mold, but few in the draft have the combo of athleticism and ability to create his own shot the way Shannon can. His touch while not elite is still pretty good from the outside. I'm drop dead in love with the TWolves draft.
.  
DanMetroMan : 7/13/2024 3:46 pm : link

Adrian Wojnarowski
Verified

@wojespn
·
4h
Free agent center Taj Gibson has agreed on a one-year, $3.3 million deal with the Charlotte Hornets, Mark Bartelstein of
@Prioritysports
tells ESPN. GM Jeff Peterson and coach Charles Lee bring on Gibson, 39, to mentor in a young locker room.
It appears  
Jon In NYC : 7/13/2024 5:25 pm : link
that our summer league team will struggle to score.

You can see the appeal with Dadiet though. He looks a legit 6'8/6'9 and pretty fluid out there. Locked up Brandon Miller once. Nothing else of note. Hakpuri has legit size too but missed three pretty easy shots already.
Two bad airballs  
Jon In NYC : 7/13/2024 5:31 pm : link
from Dadiet lol. Second one was BAD.

But everything else has been impressive. Handle, passing, burst.

Fuck it, I'm excited.
RE: RE: Some notable SL stuff:  
81_Great_Dane : 7/13/2024 5:53 pm : link
In comment 16552964 Stu11 said:
Quote:
In comment 16552869 Jon In NYC said:


Quote:





Terrance Shannon looked great, with 25 points. There's definitely a chance we regret not taking him instead of Dadier


Yeah I made my feelings known on Shannon here a few times before the draft. He could end up being one of the absolute steals of the draft. The league has absolutely fallen in love with the 3 & D wings. He doesn't fit that classic mold, but few in the draft have the combo of athleticism and ability to create his own shot the way Shannon can. His touch while not elite is still pretty good from the outside. I'm drop dead in love with the TWolves draft.
I think the Dadiet pick had two advantages for the Knicks:

He’s 18 so he might be ready to play around the time they will have to think about getting younger and having cheaper role players, in 2 or 3 seasons.

It’s possible they had an agreement to draft him if he would sign for less than rookie scale, which he did. That helps with cap room. I’m not the first person to speculate about that.
Kolek  
Jon In NYC : 7/13/2024 6:08 pm : link
is balling. 6 assists, 5 boards, no turnovers. He's going to look great next to actual NBA talent.
RE: Kolek  
81_Great_Dane : 7/13/2024 6:24 pm : link
In comment 16553019 Jon In NYC said:
Quote:
is balling. 6 assists, 5 boards, no turnovers. He's going to look great next to actual NBA talent.

I suspect the Kolek pick told Jokubaitis there was no way he’d get to play for the Knicks this season. I think Jokubaitis is in the Summer League hoping someone will trade for him, and the Knicks probably hope so too.
Did Woj say anything noteworthy?  
Anakim : 7/13/2024 6:27 pm : link
.
RE: Did Woj say anything noteworthy?  
81_Great_Dane : 7/13/2024 6:30 pm : link
In comment 16553027 Anakim said:
Quote:
.
I didn’t think so.
RE: Two bad airballs  
81_Great_Dane : 7/13/2024 6:33 pm : link
In comment 16553004 Jon In NYC said:
Quote:
from Dadiet lol. Second one was BAD.

But everything else has been impressive. Handle, passing, burst.

Fuck it, I'm excited.
These Summer Leaguers aren’t wowing anyone with their shooting.
Kolek can come in and run the 2nd offense right now  
nygiants16 : 7/13/2024 6:49 pm : link
he is polished, can get into the paint and can spray it, he would look good next to Divo and Hart with Bridgez or OG in that lineup
Didn’t watch the entire game, but saw some of it  
Anakim : 7/13/2024 7:05 pm : link
Kolek is a gifted passer. Really amazing vision.


Dadiet…woof. I assume it was nerves, but he doesn’t look at all ready.

Hukporti is a big body and can move around pretty well, but he’s not as polished as someone his age should be. We need a backup C.

Toppin and Washington looked good, but they’re not going to get any burn with the big club.
RE: Didn’t watch the entire game, but saw some of it  
Reeses Pieces : 7/13/2024 7:22 pm : link
In comment 16553039 Anakim said:
Quote:
Kolek is a gifted passer. Really amazing vision.


Dadiet…woof. I assume it was nerves, but he doesn’t look at all ready.

Hukporti is a big body and can move around pretty well, but he’s not as polished as someone his age should be. We need a backup C.

Toppin and Washington looked good, but they’re not going to get any burn with the big club.


I disagree on Dadiet. His shot wasn’t there, but he defended very well and made some plays off the dribble for his teammates, and is a connective passer. His feel for the game looked good despite his nerves. The shot will be fine.
Dadiet is 18. He’s talented but a project. Not worried about him.  
81_Great_Dane : 7/13/2024 8:04 pm : link
Kolek’s play is more significant. Also Rokas, in case some other team gets interested.

Toppin and Washington become interesting if they show major improvement.

Hukporti, also a project.

They looked ragged even by Summer League standards but still lost by only 4.
I think by the end of summer league  
Jon In NYC : 7/13/2024 8:28 pm : link
it's going to be tough to keep Kolek out of a rotation that is dying for a playmaker behind Brunson.

Fans are gonna love this guy. Buy stock now.
KolekFan#1  
DanMetroMan : 7/13/2024 8:37 pm : link
Aka me…woot woot
RE: KolekFan#1  
Anakim : 7/13/2024 10:01 pm : link
In comment 16553057 DanMetroMan said:
Quote:
Aka me…woot woot


Finally changing your username from ReggieJacksonFan#1 and JimmerFan#1 :)
Brandon Miller playing Summer League was a little ridiculous.  
bceagle05 : 7/13/2024 10:43 pm : link
Look forward to seeing more of the rooks.
RE: RE: KolekFan#1  
Stu11 : 7/13/2024 10:44 pm : link
In comment 16553068 Anakim said:
Quote:
In comment 16553057 DanMetroMan said:


Quote:


Aka me…woot woot



Finally changing your username from ReggieJacksonFan#1 and JimmerFan#1 :)

Nope Dan is #MalikMonkNBAMVP
Dan it took like 5 seasons but your Monk patience paid off. Sac unlocked his inner beast.
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