Josh Hart and the New York Knicks have agreed to a four-year, $81 million contract extension. Hart receives a 140 percent raise off his $12.96 million contract in 23-24, which is the maximum raise he could receive.

The deal brings the total possible value of Hart's contract with the Knicks to $94 million through the 27-28 season. Hart can officially sign the contract on Thursday.

Hart is participating in the FIBA World Cup with the United States.