The Knicks signed one of their core players to a lucrative four-year extension. Mikal Bridges took a slight discount to re-up.

Mikal Bridges has agreed to a four-year, $150 million contract extension with the New York Knicks. The deal, reported Thursday by ESPN, has seemingly been in the works for more than a year after the Knicks acquired Bridges last offseason in a blockbuster trade with the Brooklyn Nets.

The New York Knicks announced Friday that the team has signed Mikal Bridges to a long-term contract extension.