Karl-Anthony Towns

Verified

Position

Center (C)

Age

Nationality

American

Current Contract

New York Knicks

Contract Start July 2024

Contract End June 2028

Duration 4 years

Contract Type Designated Veteran

Total Guaranteed

$220.4m

2025 Salary

$53.1m

2024/27 Designated Veteran Extension

7 July 2022 - Karl-Anthony Towns signed 4-year (2024/27) Designated Veteran extension with Minnesota including player option for 2026/27 season. His total contract with worth $220.44 million (Fully Guaranteed) with annual average salary of $55.1 million/year. He was traded to New York Knicks from Minnisota in October 2024.

Contract Details

Signed 2024

Avg/Salary 55.1m

Total Guaranteed 220.4m

Source Adrian Wojnarowski (X)

Signed	Avg/Salary	Total	Team	Source
2024	$55.1m	$220.4m	New York Knicks	Adrian Wojnarowski (X)

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

2019/23 Rookie Max Contract (Minnesota)

23 September 2018 - Karl-Anthony Towns signed 5-year (2019/23) Rookie Max extension with Minnesota worth $158.25 million full guaranteed. His average salary with this contract was $31.6 million/year.