If you had to sum up Tyler Kolek in just a couple of words, they would be: hard worker. Even though the New York Knicks rookie hasn’t gotten much of an opportunity to showcase his skills, his hard work has not wavered a bit! The 23-year-old point guard has been shuttling between the G League and the NBA this season. However, with Knicks superstar Jalen Brunson out and Miles McBride also suffering from a groin injury, Kolek was called upon to be the backup guard by HC Tom Thibodeau. So, how did Kolek respond to this rare opportunity?
The Knicks rookie showed why the team picked him in the first. Kolek shined against the Wizards, scoring 4 points and dishing out eight assists in 18 minutes of action. He’s well known for his elite play-making abilities, and that’s exactly what he showed on Sunday night. With several guards on the Knicks’ roster, it has been hard to find consistent playing time, but Kolek has shown he’s definitely one for the future. Speaking of which, fans are eager to know more about the 23-year-old. Everyone wants to know how much Kolek is worth or what his contract with the Knicks is.
What is Tyler Kolek’s Salary with the New York Knicks? When does his contract end?
Tyler Kolek’s journey in the NBA started when the New York Knicks showed their trust in the you point guard. He was the 34th pick in this season’s draft, and many tipped the 23-year-old to be a steal on draft night. However, the youngster hasn’t had much of a runway to work with. But he’s made huge waves in the G League and looks like a real threat in the upcoming years. That brings us to the question: How much are the Knicks paying the rookie, and for how many years do they have him? Well, Kolek was signed by the Knicks’ second-round-exception rights.
The talented point guard inked a massive 4-year $9.06 million contract with the team from the Big Apple. Well, this might look like big money, but it’s a bargain when you take into consideration the skills Kolek brings to the table. Through this deal, the Knicks point guard is set to earn a guaranteed paycheck of $6,575,687 with an average salary of $2,265,671. That’s some serious money for the former Marquette standout! Moreover, the rookie is earning a whopping $2,087,519 for the 2024-25 season. This cheque is just going to increase from the next season onward as Kolek will earn $2,191,897 and another $2,296,271 for the 2026-27 season.
Nov 23, 2024; Salt Lake City, Utah, USA; New York Knicks guard Tyler Kolek. (13) dribbles the ball against Utah Jazz forward Cody Williams (5) during the first half at the Delta Center. Mandatory Credit: Christopher Creveling-Imagn Images
After the first three seasons, there is a club option for the 2027-28 season, after which he’ll enter restricted free agency. Well, given the talent Tyler Kolek possesses, it wouldn’t be much of a surprise if the Knicks decided to pull the trigger and extend his stay by another year. His value at the franchise can be seen through how highly New York HC Tom Thibodeau rates the youngster. The Knicks boss isn’t known for giving rookies a lot of minutes, but the fact that he showed trust in Kolek speaks volumes! So, we can expect to see more of him soon and who knows? He could soon cement his place on the Knicks roster, then his current deal will look like a bargain for sure.
What are Tyler Kolek’s investments and endorsements?
Tyler Kolek’s journey in the NBA is still in its initial days. So, it’s hard to have a mouth-watering investment portfolio like most of his Knicks teammates do. But the 23-year-old made a lucrative amount through his NIL deals while suiting up for Marquette’s Golden Eagles. So much so that his valuation was one of the highest in the United States at a staggering $771,000. This should provide us with an indication of how much potential Tyler Kolek has! Not just on the court but off the court as well. Moreover, Kolek’s deals spanned all the way from investment banking to sports entertainment.
Most notable of his collaborations were with TKO Miller Investment Banking and Who’s on Third Sports Bar highlight. These deals indicate his versatility of the Knicks star. While there isn’t much about Tyler Kolek’s current deals and endorsements, if Tom Thibodeau gives the rookie more chances in the upcoming seasons, his value is going to skyrocket! Moreover, brands will fight to get Kolek’s signature. It seems the 23-year-old is earning the majority of his income through his NBA paychecks. Well, by no means is that less!
However, the signs are nothing but positive for the New York rookie who’ll soon spread his wings into the financial side of the game. Even his HC is full of praise for the point guard. “He has worked hard all year,” Thibodeau said recently. “The things that he needed to do, he did. He works. He is a tireless worker. Performed well in the G League. So when the opportunity came, he was ready. And there’s still obviously a lot of work to be done, but he keeps getting better and better, and that’s a good sign.” These are big words from a coach who’s pretty much seen it all. So, it’s just a matter of time before we see Tyler Kolek shine more frequently under the lights of Madison Square Garden.
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