After an All-Star campaign in 2020-21, Julius Randle signed an extension with the New York Knicks. Boardroom looks at his recent contract with the team.
Julius Randle is in his fourth season with the New York Knicks. While the team has done very little to shed the constant ridicule it has received for the better part of two decades, there have been a few bright spots during Randle’s time here. In 2020-21, Randle led the Knicks to host a playoff series for the first time since 2012, and he was named an All-Star for the first time. He also won the NBA’s Most Improved Player award in a season in which he averaged over 24 points, 10 rebounds, and six assists a night. The Knicks were the fourth seed in the Eastern Conference that year, losing to the Atlanta Hawks in the playoffs in five games.
Despite a rough 2021-22 season where the Knicks missed the postseason, Randle and the Knicks agreed to stay together. He signed a four-year, $117 million contract that will keep him in Madison Square Garden until after the 2026 season. The deal comes with a player option after the third year, worth over $29 million.
Randle is on his third team in his eight seasons, after being drafted seventh overall by the Lakers in 2014 and then signing with the Pelicans and playing there for the 2018-19 season. He then declined the second year of his contract in New Orleans to become a free agent again, paving his path to New York.
Boardroom takes a look at the numbers on his recent deal with the Knicks.
Subscribe for the biggest stories in the business of sports and entertainment, daily.
Julius Randle Contract Details & Salary
All dollar figures via Spotrac.
Years: 4
Total value: $117,089,280
Total guaranteed at signing: $106,444,800
Average annual value: $29,272,320
Free agency: 2025 (opt-out); 2026 (after player option, unrestricted)
Upcoming annual salary earnings:
2022-23: $23,760,000
2023-24: $25,660,800
2024-25: $27,561,600
2025-26: $29,462,400 (player option)
Randle’s new deal comes with a couple incentives. Should he play over 65 games and make the All-Star team in any year during the deal, he’ll receive a bonus of over a million dollars. The 2022-23 season has gone well so far for Randle and the Knicks. While a lot of the success can be attributed to the newest addition Jalen Brunson, his presence has allowed Randle to play with more decisiveness. Having a floor leader like Brunson there means Randle doesn’t have to initiate the offense as much–making him more efficient and the team less stagnant.
Julius Randle’s Career Earnings
TOTAL NBA EARNINGS THRU 2022-23: $103,411,962
ESTIMATED SALARY EARNINGS THRU 2025-26: $184,206,762 (requires exercising player option)
Read More:
- Nintendo Switch 2: A New Era of Gaming Starts June 5
- Klutch Forecasts $100B Impact from Sports Mixed-Use Districts
- The Future of TKO Amid WME, Endeavor Changes
- Revving Up for a New Era: Bianca Bustamante’s Journey to GB3
- Gunnar Henderson on the Business of Baseball
Subscribe for the biggest stories in the business of sports and entertainment, daily.