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

Mikal Bridges agreed to a four-year, $150 million extension with the New York Knicks on Thursday, a person with knowledge of the details said. The person confirmed the deal to The Associated Press on condition of anonymity because it had not been announced.

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.