
The Knicks put extension discussions for Karl-Anthony Towns and Josh Hart on hold until the season starts. Per New York Post, managing the roster is complicated by the NBA's second apron, a financial ceiling at approximately $221.6 million for 2026-27. Going over this limit carries steep costs: teams forfeit the midlevel exception for free-agent signings, cannot swap multiple salaries in a single trade, and have their future first-round picks locked in place and demoted to the final selection of the round. With Towns seeking far more than the Knicks' proposed $200 million contract on his $61 million player option, plus Hart's option in question, the team is running out of financial room to operate. The situation illustrates the challenge of keeping a championship roster intact when salary restrictions limit a team's flexibility to acquire and retain premium talent.
New York Post’s own headline: Breaking down the NBA’s second apron — and the Knicks headache that comes with itSummary by Knicks HQ · Full story at New York Post ↗