Karl-Anthony Towns

#19 Highest Paid

Position

Center (C)

Age

Nationality

American

Current Contract

New York Knicks

Contract Start 2024

Contract End 2028

Duration 4 years

Contract Type Designated Veteran Extension

Total Guaranteed

$220.4M

2026/27 Salary

$57.1M

NBA Salary Rankings

#7 Highest Paid

#1 New York Knicks Player

#2 Under 30

#4 Center

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Contract Earnings Trend

Last 1 contracts

Designated Veteran Extension (2024/28)

New York Knicks

Karl-Anthony Towns signed 4-year (2024/28) contract with New York Knicks with total guaranteed $220.4M. His average salary with this contract is $55.1 million/year. While his current season (2026/27) base salary is $57.08m

Contract Details

Duration 4 years (2024/28)

Team

New York Knicks

Salary $55.1M

Total Guaranteed $220.4M

Source

Duration	Salary	Total	Team	Source
4 years (2024/28)	$55.1M	$220.4M	New York Knicks

Contract Breakdown (4 Years)

Season Team Age Salary

2024-25

28 $49,205,800

2025-26

29 $53,142,264

2026-27

30 $57,078,728

2027-28

31 $61,015,192

Season	Age	Base Salary	Option	Remaining
2024-25	28	$49,205,800		$171,236,184
2025-26	29	$53,142,264		$118,093,920
2026-27	30	$57,078,728		$61,015,192
2027-28	31	$61,015,192	player	$0

Contract History and Career Earnings

Year	Total	Team
2027	$61M	New York Knicks
2026	$57.1M	New York Knicks
2025	$53.1M	New York Knicks
2024	$49.2M	New York Knicks
2023	$36M	Minnesota Timberwolves
2022	$33.8M	Minnesota Timberwolves
2021	$31.7M	Minnesota Timberwolves
2020	$29.5M	Minnesota Timberwolves
2019	$25.6M	Minnesota Timberwolves
2018	$7.8M	Minnesota Timberwolves
2017	$6.2M	Minnesota Timberwolves
2016	$6M	Minnesota Timberwolves
2015	$5.7M	Minnesota Timberwolves
Total Career Earnings	$402.7M

Year	Team	Total
2027	New York Knicks	$61M
2026	New York Knicks	$57.1M
2025	New York Knicks	$53.1M
2024	New York Knicks	$49.2M
2023	Minnesota Timberwolves	$36M
2022	Minnesota Timberwolves	$33.8M
2021	Minnesota Timberwolves	$31.7M
2020	Minnesota Timberwolves	$29.5M
2019	Minnesota Timberwolves	$25.6M
2018	Minnesota Timberwolves	$7.8M
2017	Minnesota Timberwolves	$6.2M
2016	Minnesota Timberwolves	$6M
2015	Minnesota Timberwolves	$5.7M
Total		$402.7M