Daily Knicks
Fansided

3 things to know about RJ Barrett’s four-year extension with Knicks

By Jordanna Clark

NEW YORK, NEW YORK - MARCH 22: RJ Barrett #9 of the New York Knicks reacts during game against the Atlanta Hawks at Madison Square Garden on March 22, 2022 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Michelle Farsi/Getty Images)
NEW YORK, NEW YORK - MARCH 22: RJ Barrett #9 of the New York Knicks reacts during game against the Atlanta Hawks at Madison Square Garden on March 22, 2022 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Michelle Farsi/Getty Images) /
facebooktwitterreddit
Prev
2 of 3
Next
New York Knicks, RJ Barrett
RJ Barrett, New York Knicks. (Photo by Jacob Kupferman/Getty Images) /

2: What the RJ Barrett extension looks like

RJ Barrett signed a four-year, $120 million extension with New York. His extension includes bonuses, which according to SNY’s Ian Begley, “are tied to selections to the All-Star Game, any of the three All-NBA teams or either of the two All-NBA Defensive teams.” Shortly after the 2021-22 season ended, Barrett said that a goal of his is to become an All-Star in 2022-23.

According to Stefan Bondy, the extension is a straight four years that doesn’t include an option in the final season. Out of the $120 million, $107 million is guaranteed, which puts RJ at having the largest contract in the history of the organization (that’s how money works).

Because it’s a rookie extension, the deal includes a “poison pill” provision. Essentially, that means that since the extension will kick in on July 1, 2023, Barrett can’t be traded until then. That doesn’t mean that RJ can’t be traded, but as Begley wrote, “it creates a wide gap between Barrett’s salary in a trade for the Knicks and the team receiving him in a deal.” There’s only been one player under the poison pill restriction that’s been traded, and it was Devin Harris in 2008.

If you’re still not quite sure about what the poison pill provision is, here’s an explainer video from ESPN’s Bobby Marks.

Home/Knicks News