The New York Knicks are figuring out what to do with respect to Mikal Bridges' upcoming extension. Bridges has one year left on his contract with the Knicks, making him eligible to sign a new extension, but New York has not agreed to terms with its star guard.

Should the Knicks elect to not extend Bridges, he will become an unrestricted free agent after next season. The Knicks gave up a lot to get Bridges in the first place, sending the Brooklyn Nets a whopping five first-round picks along with several players in exchange for the two-way wing.

The New York Knicks find themselves in a holding pattern. Mikal Bridges, one of their newest core players, is eligible for a contract extension, yet no deal has been struck. It’s not a matter of value; the Knicks gave up five first-round picks (or five very promising varsity players) to acquire him. So what’s the holdup?