The New York Knicks and Kristaps Porzingis haven't begun discussions on an extension.

Porzingis could sign a deal worth as much as $157 million over five years.

If the Knicks wait to extend Porzingis, they would have an additional $10 million in cap space.

"We'll continue to stay in touch with Kristaps," Scott Perry said in Las Vegas on Tuesday, per ESPN's Nick Friedell. "He's part of our long-term plan. But, we'll get all that figured out at the appropriate time in terms of when we get into that negotiation. We're comfortable with were at with him and we'll work together with he and his representation to figure something out."