Knicks’ Deals With Portis, Gibson, Bullock, Ellington Include Second-Year Team Options

With the exception of Julius Randle, who agreed to a three-year contract, all of the veteran free agents who have agreed to sign with the Knicks so far are reportedly set to receive two-year deals. The structure of those contracts appeared to put New York on track to regain cap flexibility in 2021.

However, according to Bobby Marks of ESPN.com (via Twitter), the two-year deals for Bobby Portis, Taj Gibson, Reggie Bullock, and Wayne Ellington will all include second-year team options.

By not guaranteeing the second year on those contracts, the Knicks will be able to maintain cap flexibility for the 2020 offseason, bringing back any veterans who impress them and parting ways with those who don’t.

[RELATED: 2019 NBA Free Agent Tracker: Knicks’ Deals]

Although Randle’s contract runs an extra year, his deal will also reportedly feature a team option – or possible a modest partial guarantee – in its final season, according to reports.

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