The New York Knicks and Mikal Bridges have agreed to a four-year, $150 million contract extension, a league source confirmed to The Athletic. Bridges took less than the max to help New York attempt to stay under the second apron and continue to push toward a championship.

From five first-round picks to $150 million. The Knicks will extend the contract of Mikal Bridges, a source confirmed Thursday, with the durable wing agreeing to four years and $150 million and a player option.