The Knicks have heavily invested in their starting lineup, reportedly a figure of over $740 million over the next few years, giving them a three-year window to give this lineup a fair shot at the championship. Among the several deals that make up this figure is Karl Anthony Towns’ four-year, $220 million contract extension that he signed this summer.
The Knicks’ power forward appeared for an interview with Bloomberg, where he spoke about his plans for his career earnings after retirement.
“I thought about it, you know, whatever, you know, doing so many charitable works, especially in the Dominican Republic, back in my mother’s home country, and having some businesses right now, investments that are doing amazing.”
“And, you know, I’m proud of the success I’ve had off the court and in business. And, you know, I do think about those things. I do think about setting up my future because, like you said, you know, you get to the point… the future comes up pretty quick.”
“But everyone I talk to, especially young kids, always asks me, ‘What’s the best piece of advice?’ It’s always: to stay in the present. Continue to take care of the present. The future will take care of itself.”
“And if I continue to do that, continue to put myself in the best positions possible, continue to do what I do between those lines at Madison Square Garden and like I said in the beginning, and continue to work on me, as a man, as a person, I think in the future I’ll find myself in the right positions for that next step in life.”
He didn’t refuse the idea that maybe he could become a professional coach someday. Karl-Anthony Towns will have amassed a total of $404.7 million in career earnings by the end of the 2030-31 season. He is currently 20th on the list of players’ career earnings accumulated in all-time.
Towns has played one season with the Knicks, where he has averaged 23.8 points, 12.5 rebounds, and 2.7 assists in 90 games, including the Playoffs. He shot 40.8% from three-point range. This threat from range makes him a key part of the Knicks’ starting five, as he is the only player on the team to average 40%+ from three last season.
Towns will be about 36 years old at the time his contract will expire. While most players look to retire around that age, Towns will have to consider where his career is headed at that point.