Josh Hart and the New York Knicks have agreed to extend a midnight ET deadline on Saturday for his $12.9 million player option until Thursday, sources told ESPN.
Hart, a priority to retain on a new deal, could opt-in and extend off that $12.9 million number for next season or decline the option and become an unrestricted free agent eligible to sign a new deal with the Knicks or another team.
An option for Hart that would deliver the Knicks salary cap flexibility would be an opt-in and extension off his $12.9 million salary for next season -- which he is eligible to do for up to 140 percent of that salary.