Karl-Anthony Towns Contract

Last Modified Oct 29, 2024 09:58 GMT
Karl-Anthony Towns Contract
Karl-Anthony Towns

Karl-Anthony Towns popularly known among basketball fans as KAT, is the star center of the New York Knicks. Picked first overall in the 2015 NBA Draft, Towns made history by becoming the third-ever Kentucky player to be picked first overall. Towns has been an excellent basketball athlete since his early days, and by the time he joined St. Joseph High School, he was ready to showcase his potential. His exceptional defense and dominant displays of strength and athleticism on both ends of the floor helped the St. Joseph Falcons to win two state championships in 2012 and 2014.

After graduating from St. Joseph with an exceptional High School career, Towns committed to Kentucky to play under former NBA head coach John Calipari. In one season in college, Towns averaged 10.3 points, 6.7 rebounds, and an imposing 2.3 blocks a game. He also led the league in multiple areas of efficiency including true shooting percentage (62), win shares (6.4) blocks percentage (11.5), and more. By the end of the season, Towns won the SEC Rookie of the Year award and received selections for the 2014-15 All-SEC first team and All-SEC freshman team.

Karl-Anthony Towns Contract Breakdown

YearBase SalarySigning BonusCap HitDead CapYear Cash
2024-2025$49,205,800-$49,205,800-$49,205,800
2025-2026$53,142,264-$53,142,264-$53,142,264
2026-2027$57,078,728-$57,078,728-$57,078,728
2027-2028$61,015,192-$61,015,192-$61,015,192

How much is Karl-Anthony Towns getting paid?

Karl-Anthony Towns is in his first year of the four-year $220,441,984 contract. Signed in July 2022, the contract includes $220.44 million guaranteed and an annual salary of approximately $55.11 million. For the 2024-25 NBA season, KAT will earn a base salary of just over $49.20 million.

How much does Karl-Anthony Towns make in a minute?

As per his 2024/25 season salary of $49,205,800, KAT will be raking in around $93.62 every minute this season.

Karl-Anthony Towns Career Earnings

After the end of the 2023/24 season, KAT would have earned over $182 million from his NBA contracts throughout nine seasons (including this season). However, KAT’s new contract will kick in from the 2024/25 season, which will take his career earnings to over $400 million by the time he becomes a free agent in 2028.

Karl-Anthony Towns Contract Terms

KAT 10% trade bonus in the contract which was activated when Towns was traded to the New York Knicks in the 2024 off-season.

How much of Karl-Anthony Towns’ Contract is guaranteed?

The entire amount of KAT’s existing $220.44 million contract is fully guaranteed.

Karl-Anthony Towns Contract History

Towns signed his four-year $25 million rookie contract on July 7, 2015. In this, he received $11.6 million guaranteed for his initial two years, with the rest of the two-year $13 million being a club option. In September 2018, Towns agreed to a five-year, $158.25 million contract extension with the Timberwolves.

In July of 2022, KAT signed a whopping four-year $220.44 million supermax extension contract which will kick in from the 2024/25 season. As per reports, the deal is fully guaranteed with an annual average salary of $55.6 million and comes with a final-year player option.

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FAQs

A. KAT is 29 years old as of November 2024. He was born on November 15, 1995.

A. According to online sources, KAT’s net worth is estimated to be $70 million.

A. KAT has an impressive wingspan of 7 feet 4 inches.

A. Up until the end of the 2023/24 season, Towns has averaged 22.9 points, 10.8 rebounds, 3.2 assists, and 1.3 blocks per game.

A. Towns has a rating of 88 for the NBA 2k25.

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