What happened: Extension talks between the New York Knicks and Karl-Anthony Towns have stagnated, according to a report for NBA Today. The two sides have reached an impasse regarding a new deal for the All-Star.

Why it matters: The stalled negotiations complicate the offseason for a franchise coming off a championship run. Resolving the contract situation remains a key issue as New York prepares to defend its title in the upcoming 2026-27 season.

What to watch: Watch for further updates on the negotiations as the franchise approaches the start of training camp.