Miles McBride agrees to multi-year extension

The Knicks have reached an agreement with Miles McBride on a three-year contract extension worth $13M, tweets ESPN’s Adrian Wojnarowski. The deal was confirmed to Wojnarowski by McBride’s agents, Mark Bartelstein and Andy Shiffman of Priority Sports.

The 23-year-old guard was the 36th pick in the 2021 draft and was acquired by New York in a draft-night trade. He’s making $1.8M this year and would have been on a path toward restricted free agency after the season if not for the extension. The deal will keep him under contract through the 2026/27 season.

All three years of McBride’s extension are fully guaranteed and his salary will decrease each season, a source tells Stefan Bondy of The New York Post (Twitter link).

The extension comes just hours after a trade that sent RJ Barrett and Immanuel Quickley to Toronto, which should open up an opportunity for McBride. He saw a season-high 18 minutes in tonight’s game at Indiana, scoring five points with one assist.

McBride hasn’t received consistent playing time in any of his three seasons with the Knicks, averaging 10.0 minutes over 122 combined games. Before tonight, he had appeared in 18 games this season, putting up 1.9 points, 0.3 rebounds and 0.4 assists in 4.6 minutes per night.

The extension clears up a small piece of New York’s upcoming offseason, but the team still has 12 potential free agents as our tracker shows.