Karl-Anthony Towns extension talks stall as Knicks face $276 million question

LAS VEGAS, NEVADA - DECEMBER 13: Karl-Anthony Towns #32 of the New York Knicks flexes after scoring against the Orlando Magic in the second quarter of a semifinal game of the Emirates NBA Cup at T-Mobile Arena on December 13, 2025 in Las Vegas, Nevada. The Knicks defeated the Magic 132-120. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ethan Mi