Julius Randle is entering the final year of his guaranteed contract at $30.3 million. He has a $32.4 million player option for the 2025-26 season that he will decline. That would make him an unrestricted free agent. He will be eligible to sign a four-year, $190.2 million extension this offseason. However, he could earn much more by testing the free agency market, where he could be eligible for a five-year contract worth over $300 million in free agency.
But will the Knicks be willing to offer him such a large deal? The Knicks clean up their books at the end of the 2024-25 season. Brunson and Randle both have player options, Bojan Bogdanovic will be an unrestricted free agent, and Alec Burks , Isaiah Hartenstein , Shake Milton and Precious Achiuwa are free agents this offseason.
The Knicks will have to resign OG Anunoby and Achiuwa (maybe not), after giving up important assets to acquire them. Rumors are circulating that Anunoby is looking for something in excess of $150 million over 4 years. While those expectations may be tempered due to his injury history, he wants an average salary of more than $30 million. Brunson is eligible for a contract this offseason, but he’s likely to turn it down. As a free agent, he could sign a possible five-year contract worth $270 million compared to the four-year $156 million the Knicks can offer him. One (or both) of Hartenstein and Achiuwa must resign to integrate Mitchell Robinson. They could also choose to resign Burks and Bogdanovic if they want, as backups for their guards.