Knicks put Karl-Anthony Towns trade on the table as $276 million extension talks stall‎

The New York Knicks have reportedly put a potential Karl-Anthony Towns trade on the table as negotiations over a lucrative contract extension continue to stall. Towns is eligible to sign a four-year extension worth approximately $276 million, but the Knicks are facing financial restrictions under an alleged mandate from owner James Dolan to avoid entering the second luxury tax apron.