AUGUST 17: The Knicks have now officially re-signed Burks as well, according to NBA.com’s transactions log.
AUGUST 10: The Knicks’ deal with Noel is official, per NBA.com’s transactions log. As noted last week, the three-year contract includes a team option for the 2023/24 season.
AUGUST 2: The Knicks have agreed to new deals with unrestricted free agents Alec Burks and Nerlens Noel, sources tell ESPN’s Adrian Wojnarowski (Twitter links).
According to Wojnarowski, Burks’ new deal will be worth $30MM over three years, while Noel will get a three-year contract worth $32MM.
Burks and Noel both signed team-friendly one-year contracts with New York in 2020 and outplayed those deals. Burks put up 12.7 PPG and 4.6 RPG with a career-high .415 3PT% in 49 games (25.6 MPG), while Noel started 41 of his 64 games, recording 5.1 PPG, 6.4 RPG, and 2.2 BPG in 24.2 MPG.
Burks had been viewed as a probable target for the Cavaliers, while Noel had been linked to the Raptors, Knicks, Hornets, and Kings. However, the Knicks entered the day with more cap flexibility than any other team, putting them in good position to get deals done with their priority free agents.
New York should still have upwards of $30MM+ in possible cap room after making their commitments to Burks and Noel.
Don’t get this. This is Thibs rewarding his guys. With Grimes we don’t need Burkes. We need Bullock more. These are backups don’t need to pay them this much. This could mean they are still looking to trade. Grimes was a top 5 HS recruit. He gets a handle and watch out. Mitch has to play this yr. Noel is not as good as Mitch. I gotta feeling this has to be for a trade.
I think Mitch is gonna be traded after that Noel contract
I don’t know about that. Noel and Mitch both have extensive injury histories and neither can be relied upon to give you 30+ minutes a game over a full season. I think both stay.
Inception trade … Way too expensive for backups
I think it’s partly cuz they know they’re gonna be priced out of Bullock. Someone’s gonna throw like 4 yrs 60 mil at bullock. Half the league was interested in him it’s gonna be a bidding war.
Bro, hope there is some of not guaranteed money in that 32mm for Noel. Dont like the idea of paying 10mm+ for a backup 5
Noel isn’t worth that much money at all! I thought the Knicks were heading down the right path but then they go and do the same old Knicks type moves. Not a Knicks fan but I’m really pulling for them to get it together, be a real threat again. The league is more fun to me when teams like the Knicks are doing good. But this, I just don’t get it. They could’ve use that money to actually improve not stay the same.
This just means that no one wants to come to NY AGAIN!!!!
Little pricey and locking both guys up for three years. Not sure I see the logic. Were their respective markets really that strong?
Don’t love it, don’t hate it. Just meh.
They can use both in a trade. Their hold is 20 mill. They both could be gone by deadline. Mitch is making 1,8 mill. He’s not going anywhere. He needs to prove he’s the anchor of this team. Noel will be moved and Mitch will get his deal. Thibs is looking out for his guys. Making sure they get paid. Both will be traded I’m sure of it.
Who needs Burke on a 30M contract ?
Really, he just had his best yr making 6 mill. Plenty of teams who want to win want that for 10 mill a yr. You see McDermott just signed for 3 yrs 42 mill. Both these guys are more valuable than him. Explain that to us. Try and catch up
Touché ;)
Knicks are going to include some first round picks to trade these guys next year, you are correct for once.
Call Presti right now
Scott Perry. Strikes. Again.
Haha. Oh Knicks…
Turns out I wasn’t that far off with my suggestion of 4/40 for Nerlens Noel. Allow me just a moment to lord it over those people that said I was a moron for suggesting that much money for Noel. AHHHHHHHHH! And done.
Make 16 guesses at contracts, get one somewhat right. “I am not a moron guys!!” Mic drop…
So explain Adams 16 mill. Noel is getting market value. He’s at his peak value right now. I can think of ten teams who are better with him. Including Nets.
All you geniuses should think before you post. Why do you expose yourselfs.
NY market value because no wants to sign there. I cannot believe Knickerbocker fans have sunk so low. Being with Dolan so long has given you guys battered wife syndrome.
Bullock to Dallas
Good signings! I “warned” this was likely coming. It’s called Team Building 101. Continuity on that which works is an essential principle. We finally have a FO that gets it. Our fanbase will catch up in time.
I home we bring Bullock back as well, and NOT just to anger the posters here (that’s merely a side benefit). I think he’s an important part of the culture we’re building.
I wanted Powell in NY he’s probably getting way more than 10 a year.
Powell will be. Fournier and Powell would be good fits too, and then there would not be minutes for Bullock. PG needs the upgrade resources first, but then maybe SF. I always felt there would be no more than 1 big FA contract. Hope it’s a PG, but it depends on who’s there.
Monsieur Fournier $78M/4years …
Bienvenue dans la grosse pomme mon frèrot !
I don’t speak French but are you saying the Knicks overpaid or under paid for Fournier? Sounds like overpaid but he is French so that does not make sense. I do hope you keep posting and more international people start posting. We need more monkeys throwing poop at each other here. It gets old here with the same people. I need to be called an idiot in French, Spanish, and whatever language the Slavs speak that love Luka. I think he is Croatian.
Good for Nerlens. He was amazing last year, and he has had a couple of good years in a row recently
Also happy for Burks. He has dealt with a lot, with all of his injuries, and has always been a good combo guard