New Knicks Rumors on Josh Hart's Projected Contract After Becoming Eligible for $132M Deal

The New York Knicks have veteran wing Josh Hart under team control through the 2027-28 NBA season, but it might not be too early to begin serious negotiations over an extension.

The Athletic's James L. Edwards III reported Thursday reported some around the league see Hart commanding a three-year deal. One source pegged the value between $54 and $62 million, and another suggested $60 million is the low end.

He can sign for up to $132 million over four years right now.

"An extension that pays Hart at least $20 million annually feels like a big win for New York," Edwards wrote. "Yet, if you're Hart and look around the league at what other 'glue guys' are getting paid, there's a strong case to be made that conversations should start in the mid-to-high 20s."

The Knicks insider brought up Boston Celtics guard Derrick White (four years, $118 million) and Phoenix Suns wing Dillon Brooks (three years, $73 million) as comparable examples.

Peyton Watson could be another reference point for Hart's representatives. The forward will earn $88 million over four years from the Cleveland Cavaliers as part of a sign-and-trade, according to ESPN's Shams Charania.

It's difficult to imagine Hart leaving the Big Apple. He knows he can compete for titles in New York, and he has such a close friendship with teammate Jalen Brunson.

However, the 31-year-old is probably looking at his last best chance to get a huge contract, and he's bound to have suitors if he wants to test the market. Rival contenders will be eager to pursue a player who has averaged 10.5 points and 7.0 rebounds while shooting 35.0 percent on three-pointers across nine seasons.

"My gut tells me the Knicks and Hart will get an extension done at some point," Edwards concluded in his report. "The two sides are better together than apart, and I think they both know that."

That deduction makes plenty of sense. The Knicks' desire to avoid the second apron of the luxury tax and Hart's personal motivations could prove to be complicating factors.