The New York Knicks announced Friday that the team has signed Mikal Bridges to a long-term contract extension.

"The Knicks added Guerschon Yabusele and Jordan Clarkson, but they still have only 12 players under contract. No. 51 pick Mohamed Diawara will sign with New York rather than staying in Cholet, according to the French team, but that could be a two-way contract," Herbert wrote.

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.