Summary
Mikal Bridges, a player for the New York Knicks, decided to accept a $6 million pay cut on his contract, helping the team manage its financial situation. Bridges expressed his decision was influenced by his fondness for the team's culture, fans, and staff, opting to stay with the Knicks rather than test free agency.
Key Facts
- Mikal Bridges plays for the New York Knicks.
- He signed a four-year contract extension worth $150 million.
- Bridges was eligible for a larger contract of $156 million but took $6 million less.
- The pay cut helps the Knicks avoid luxury tax and allows more financial flexibility.
- Bridges chose to remain with the Knicks rather than becoming a free agent.
- His decision was based on his appreciation for the team's environment and culture.
- Mikal Bridges is playing alongside his former college teammates on the Knicks.
