Karl-Anthony Towns told reporters Monday morning that contract extension negotiations with the Knicks remain at an impasse, per reporting from The Athletic's James L. Edwards III. "It don't look good," Towns said of his chances at signing an extension before the regular season starts. Multiple outlets confirmed Towns' pessimistic assessment, with Sportsnet reporting that the star center and team "are not close to terms" on a deal.
Towns had apparently expected a quick resolution to his contract situation following his performance in the playoffs, according to CBS Sports. That optimism has now given way to doubt about whether an agreement can be reached before the 2026-27 season begins.