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Knicks Out of Donovan Mitchell Talks After Extending RJ Barrett, per Report

After discussions for Jazz All-Star Donovan Mitchell stalled in recent days, the Knicks are reportedly pivoting to signing guard RJ Barrett to a massive new deal.

New York is finalizing a four-year rookie extension with Barrett, 22, worth up to $120 million, his agent Bill Duffy told ESPN’s Adrian Wojnarowski Monday night. According to Wojnarowski, the move effectively ends weeks of talks between the Knicks and Jazz on a blockbuster deal to bring Mitchell, 25, back to his home state.

Wojnarowski reported Knicks president Leon Rose set Monday night as a deadline to either reach an agreement with Utah on a Mitchell trade or commit to Barrett with an extension.