What happened: Negotiations between the All-Star center and New York have stagnated, per ESPN's Shams Charania and Vince Goodwill. Towns is entering his third season with the franchise.

Why it matters: The development creates long-term uncertainty for the defending champions. Towns recently helped lead the Knicks to the 2026 NBA championship, the franchise's first title since 1973.

What to watch: Towns remains under his existing contract as New York prepares to open training camp.