Mikal Bridges’ contract situation with the New York Knicks has become a major point of interest as the franchise looks to solidify its core for the future. Bridges, acquired in a blockbuster trade with the Brooklyn Nets, is currently under contract for two more seasons.
While the Knicks front office reportedly attempted to secure a contract extension with him before the start of the 2024–25 season, negotiations did not lead to an agreement. This development wasn’t entirely surprising given the evolving dynamics of NBA contracts and player leverage. Bridges, a versatile wing known for his elite perimeter defense and improving offensive skill set, has positioned himself as a key contributor for the Knicks.
His value on both ends of the floor makes him one of the most sought-after two-way players in the league. Given the rising salary cap and his elevated role, Bridges appears to be strategically waiting for a more advantageous negotiating window, likely during the 2025 offseason. This could potentially land him a four-year extension projected to be worth around \$157 million. His current contract still offers the Knicks flexibility.
The team doesn’t face immediate pressure to sign him to an extension, which allows them to evaluate how well he fits into their long-term plans alongside stars like Jalen Brunson and Julius Randle. Bridges has shown flashes of high-level scoring and remains an anchor on defense, contributing to the team’s strong playoff push.
