Eastern Notes: Knicks, Contracts, Bucks

Knicks team president Phil Jackson has sounded like a defeated man during his end of season press conferences, which isn’t what the organization or its fans need to see at this critical juncture in New York’s rebuilding process, Mike Vaccaro of The New York Post writes. The Zen Master has taken on a somewhat pessimistic attitude when discussing the team’s ability to attract free agents, Vaccaro notes. “The market value is going to be really interesting,” Jackson said. “There’s going to be a zillion guys being chased, and it’s not just us trying to do this. It only takes one individual team that says, ‘We want this guy.’ The prevailing attitude is: Guys get overpaid in this situation. You have do that in free agency to get a player. We know we have a limited amount and have to do some judicious shopping. We’re not going to the dollar store, but we may not be at one of the bigger [stores].”

Here’s more from the Eastern Conference:

• If Knicks guard Ricky Ledo is still under contract through August 1st, $100K of his minimum salary arrangement for 2015/16 will become guaranteed, with another $100K becoming guaranteed if he begins the season under contract, Eric Pincus of Basketball Insiders tweets.
• Jorge Gutierrez‘s minimum salary deal for 2015/16 with the Bucks is non-guaranteed, Pincus tweets.
• Will Bynum‘s contract with the Wizards was strictly for the remainder of the 2014/15 campaign, and the guard will become an unrestricted free agent this offseason, Pincus notes (Twitter link).
• Commissioner Adam Silver indicated that he still has faith that a deal can be reached on a new arena in Milwaukee for the Bucks, Kami Mattioli of The Sporting News tweets. The franchise is struggling to secure $250MM worth of public financing toward the construction of a $500MM arena.