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Knicks Navigate Towns Contract Without Luxury Tax
Description
Knicks owner James Dolan is drawing a firm line: no way are they crossing into the NBA’s second luxury tax apron, calling it “suicidal” for the team’s long-term health. With Karl-Anthony Towns set to hit the open market for a potential $272M, 4-year deal — despite his crucial role in last year’s championship run — the Knicks face a brutal balancing act. At 30, Towns may be past his peak, forcing the front office to weigh his championship value against his age and the steep price tag. The challenge? Keep building a contender without triggering the luxury tax, making this offseason a tense financial tightrope walk.
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