New York Knicks All-Star forward Julius Randle has agreed to a four-year, $117 million contract extension — elevating his deal’s total value to five years and $140 million, his agents, Aaron Mintz and Steven Heumann of CAA Sports, told ESPN.
The extension includes a player option on the final season in 2025-26.
Randle had a remarkable, breakthrough season for the Knicks, earning the NBA’s Most Improved Player award and second-team All-NBA honors on his way to leading the franchise back to the playoffs with a fourth seed in the Eastern Conference.
Randle could’ve waited for his contract to expire next season and signed a new $200 million deal, but extending now off his current $19.8 million salary for 2021-22 gives the Knicks financial flexibility to shape the roster and allows him to commit through his prime to a franchise and city he has come to adore — and one that has come to adore him.
Gotta give Rose a lot of credit for convincing Randle to leave roughly EIGHTY MILLION dollars on the table in this deal. NBA players typically don’t do stuff like this, so while I’m sure part of it is just Randle’s personality (the guy is clearly committed to the Knicks, even to the detriment of his own paycheck), you have to give Rose credit for playing off of Randle’s personality to get him to agree to this way below-market value contract.
Now, of course, if Randle goes back to his 2019-20 level of play, this contract is an overpay, but I think even one season of 2019-20 play after his 2020-21 level of play would still get him the mega-max, just due to the lack of free agents out there who have ever made second-team All-NBA.
Anyhow, very good move by Rose. Now there’s no reason not to lock Mitch up, so go get him an extension!
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