The New York Knicks are tabling all contract extension talks with key players Karl-Anthony Towns and Josh Hart, the franchise announced Friday
"As an organization, our entire focus is on preparing for the upcoming season and delivering another year for our fans to be proud of," a team spokesperson said in a statement to ESPN's Shams Charania on Friday. "As a result, we will not be negotiating contract extensions until later in the season and will remain solely focused on preparing for the start of the season."
Towns is eligible for a four-year deal worth over $276 million. He is due $57 million this season and has a $61.1 million player option for next season.
The Knicks' latest offer to Towns was a four-year deal worth approximately $200 million, sources told Charania.