Extension talks between the Knicks and Karl-Anthony Towns have stalled, and a deal is considered unlikely as New York begins training camp next week, ESPN reported. The Athletic says Towns is open to a below-maximum contract, but the size of any pay cut is unclear.
ESPN said the sides spent extensive time discussing an extension during the offseason but had made no recent progress. NBA insider Brett Siegel said he does not expect a deal soon and believes Towns would need to accept a discount to stay. The article says the Knicks want to retain their starting center but avoid overpaying in a way that could affect other contracts.
