The New York Knicks have reportedly finalized a four-year contract extension worth $150 million with wing player Mikal Bridges, as confirmed by agents Sam Goldfeder and Jordan Gertler. This deal includes a player option for the 2029-30 season and features a trade kicker, underscoring the franchise's commitment to Bridges as a key player moving forward.

Prior to this agreement, some NBA executives speculated that Bridges might opt to play on an expiring contract in a bid to secure a more lucrative deal, potentially nearing $200 million in the open market next summer. This contract comes in the wake of reports from Frank Isola of SiriusXM NBA Radio which suggested that Bridges had emerged as a topic of trade discussions. The Knicks had acquired Bridges from the Brooklyn Nets on June 25, 2024, in exchange for a substantial package of draft picks, emphasizing their long-term vision for the player.

Bridges, who reportedly had two seasons remaining on a previous four-year, $90.9 million contract with the Phoenix Suns, became a key contributor for the Knicks alongside former Villanova teammates Jalen Brunson and Josh Hart. Although teammate Donte DiVincenzo was later traded to the Minnesota Timberwolves, Bridges' performance as the Nets' top option highlighted his abilities, averaging 19.6 points per game with commendable shooting percentages during the 2023-24 season. His impact continued into the playoffs, where he played a pivotal role in the Knicks' postseason performance, although his effort in the Eastern Conference Finals against the Indiana Pacers was met with some criticism. Despite moments of inconsistency, Bridges' durability and contributions have solidified his stature within the franchise, positioning the Knicks as a formidable contender in the Eastern Conference.