The New York Knicks are celebrating after signing Mikal Bridges to a four-year, $150 million extension. The deal is a major bargain for the Knicks, who save some money to sign other players in free agency in future seasons while retaining one of their key pieces to the puzzle.

After locking up Mikal Bridges on a new four-year, $150 million deal, the Knicks have ensured that their title window will remain open.

The New York Knicks and wing Mikal Bridges have agreed to a four-year, $150 million contract extension, agents Sam Goldfeder and Jordan Gertler told ESPN's Shams Charania.