RJ Barrett wraps up overtime with the New York Knicks, complicating the pursuit of Utah Jazz’s Donovan Mitchell

New York Knicks guard RJ Barrett is completing a four-year rookie extension that could be worth up to $120 million, his agent Bill Duffy of BDA Sports and WME Sports told ESPN on Monday, reflecting trade tracking of the Off-season Utah Jazz All-Star franchise complicates Donovan Mitchell.

Barrett’s deal — which makes him the youngest $100 million player in Knicks history at 22 — ends several weeks of trade discussions for Mitchell between New York and Utah, forcing the two organizations to reschedule talks if they choose distinctly different considerations begin over the poison pill provision now included in Barrett’s deal.

New York’s basketball operations president Leon Rose gave Utah a deadline Monday night to reach an agreement on a trade for Mitchell or the Knicks would commit to Barrett’s extension, sources said.

As trade talks between Jazz-Knicks intensified and the gap in deal points that included Barrett in the package narrowed over the weekend and into Monday, a gulf remained in reaching a deal for Mitchell, sources said. After the Knicks and Jazz exhausted discussions Monday night, Rose and Duffy completed the expansion eligible for players from the 2019 NBA draft class.

Barrett’s deal ends a notable 23-year drought for the Knicks: He’s the franchise’s first draft pick to agree to a multi-year contract extension following his rookie deal since Charlie Ward in 1999, according to an investigation by ESPN Stats & Information.

Barrett averaged 20 points, 5.8 rebounds and 3 assists for the Knicks a season ago. He was drafted No. 3 in Duke’s 2019 draft, behind Zion Williamson of New Orleans and Ja Morant of Memphis.

Barrett is one of only five players in NBA history to have 3,000 points, 1,000 rebounds and 200 3-pointers before his 22nd birthday, joining Kobe Bryant, Luka Doncic, Kevin Durant and LeBron James.

The Knicks included Barrett in trade proposals for Mitchell, sources said, which is why the process to complete the extension took several extra weeks. Barrett was a staple for several different trade variants discussed, but hurdles remained on Monday in terms of the total number of unprotected first-round picks in the deal and the inclusion of Knicks guard Quentin Grimes, sources said.

Nonetheless, the Jazz valued Barrett as part of a Mitchell deal with New York, and a deal without him would require the Knicks to give up far more draft assets than they were willing to do, sources said.

After the Knicks committed to Barrett’s extension, management resigned themselves to the fact that there is a much more difficult path to an offseason deal to acquire Mitchell. Still, neither Utah nor New York are ruling out resuming talks before training camps begin in late September, sources said.

The sides have been talking about a trade since early July. Of the 179 players in NBA history who had the poison pill supply, only one — Devin Harris in 2008 — was transferred.

For trading purposes, the poison pill is calculated using a formula that would put the Knicks’ outgoing salary for a Barrett trade at $10.9 million, but would require the incoming salary for a team acquiring him, 26, would be $2 million. The restriction will be lifted in the next off-season on July 1st.

In order for Barrett to be included in a deal with Jazz, the Knicks would need to find a salary-capped third team to reroute Evan Fournier’s $37 million contract.

The Jazz are not currently seriously involved in a Mitchell deal, sources said, raising the possibility he could still be on the list for the start of training camp.

The Jazz have committed to starting a rebuild after selling all-star center Rudy Gobert to the Minnesota Timberwolves for five first-round picks in July. Mitchell, 25, is a three-time All-Star and native New Yorker who would instantly become the franchise’s top player.

ESPN front office insider Bobby Marks contributed to this report.

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