RJ Barrett signs a four-year, $120 million agreement with the New York Knicks.

The agreement, which could be valued at up to $120 million, will keep the rising star, RJ Barrett, in New York for the next four years. Barrett is now the Knicks' youngest player to have ever signed a deal for more than $100 million. A "Poison Pill" clause is reportedly there in Barrett's contract agreement, according to Woj's story. After being in the running to acquire Utah Jazz guard Donovan Mitchell in a trade, this almost likely limits the Knicks from striking a deal for any significant stars in the NBA.

The Jazz reportedly turned down several offers for Mitchell, including guard Evan Fournier, forward Obi Toppin, five first-round selections, cash, and other assets. Leon Rose, the head of basketball operations for the Knicks, gave Utah until Monday night to come to a Mitchell agreement. The Barrett extension would be signed if no agreement could be reached.