Knicks agree to a four-year, $120 million extension with Barrett; capable of putting the pursuit of Mitchell on ice

The New York Knicks and RJ Barrett on Monday agreed to a major contract extension that could have some significant consequences.

ESPN’s Adrian Wojnarowski shared the news of Barrett’s contract. Barrett is being extended by the Knicks to a four-year, $120 million contract.

According to Woj, the Barrett deal could end the Knicks’ pursuit of the deal Donovan Mitchell.

Woj said the Knicks applied a Monday night deadline to make the Mitchell trade or they would commit to a Barrett extension.