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Josh Hart, Knicks finalizing a four-year, $81 million extension

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Josh Hart, New York Knicks finalizing a four-year, $81 million extension
USA Today Network

Josh Hart and the New York Knicks are finalizing a four-year, $81 million contract extension, according to CAA Sports agents Aaron Mintz, Dave Spahn, and Steven Heumann.

His extension will become eligible to sign Thursday. The multi-year deal is worth $94 million through the 2027-28 season, per ESPN’s Adrian Wojnarowski.

“The $81 million is the maximum that Hart can sign for and is 140% off his $12.96 million contract for 2023-24,” wrote Wojnarowski. He will receive $18.1 million in the 2024-25 season.

According to a few NBA betting sites, the New York Knicks hold 14th-ranked odds to win the championship next season in 2024. Sportsbooks are showing better odds for the Miami Heat and Cleveland Cavaliers.

In early June, Hart declined his $12.96 million player option for the 2023-24 season. The option was part of the three-year, $37.92 million deal he signed with the New Orleans Pelicans in August 2021.

New Orleans traded Hart to the Portland Trail Blazers in February 2022. Of course, he was then dealt to the Knicks before last season’s trade deadline, along with Dani Diez and Bojan Dublijevic.

Josh Hart, New York Knicks are finalizing a four-year, $81 million extension worth $94 million through the 2027-28 season; multi-year deal will become eligible to sign Thursday

During a June interview with Taylor Rooks of Bleacher Report, the six-year veteran expressed his love for the Empire State, but he also mentioned that he would consider all his options in free agency.

“We’ll probably decline [the option] and do the free agency time,” Hart said. “My first free agency, I was restricted, and it was ass. I kind of actually cried a little bit. It took like three weeks to get it done. I was like ‘Damn, do people want me in the league?’ I don’t think this free agency will go that way.

“I love New York, and I love the team. And I love the coaching staff, the front office that we have, we have young guys, draft picks, all those sorts of things. I mean, obviously that would be an ideal place for me to just re-sign there and do that. Everything’s perfect on the court, off the court, with family being close to home and all those kinds of things.”

Hart made 52 starts in 76 appearances in the 2022-23 regular season. The Villanova product averaged 9.8 points, 7.8 rebounds, 3.8 assists, 1.2 steals, and 32.3 minutes per game. Plus, the Maryland native shot a career-best 52.9% from the floor and 37.2% beyond the arc.

In New York’s 124-106 win over the Brooklyn Nets on Feb. 13, Josh Hart recorded a season-high 27 points, four boards, two assists, and one steal in 28 minutes off the bench. He finished 10-of-14 (71.4%) shooting from the field and drained four 3-pointers.

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James is a Basketball Insiders contributor. He earned his bachelor's degree in English and Creative Writing at Southern New Hampshire University. James enjoys watching sports and helping gamblers win money.

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