NY Knicks talks with Karl-Anthony Towns reportedly stalled over ‘unreasonable’ $76 million paycut

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Contract talks between the New York Knicks and Karl-Anthony Towns have reportedly stalled over a proposed $76 million pay cut. Towns has been an important contributor to the Knicks, and the parties remain far apart in negotiations.

Karl-Anthony Towns and the New York Knicks have been trying to come to terms on a new contract, but find themselves far apart at the negotiation table. Towns has proven himself to be a valuable figure for the Knicks, having helped the Knicks win their first NBA championship in 53 years.