Josh Hart’s Deadline For Player Option Decision Extended

Josh Hart has reached an agreement with the Knicks to extend the deadline on his $12.9MM player option, according to ESPN’s Adrian Wojnarowski. Hart’s decision was originally due by midnight ET today, but that deadline has been pushed back until Thursday.

Re-signing Hart remains a priority for New York, Wojnarowski adds, so the two sides could be working out the details of a long-term contract that would require him to turn down the option. If he declines it without reaching a new agreement with the Knicks, Hart will be unrestricted when free agency begins on Friday.

Hart also has the choice of picking up his option and negotiating an extension off that, Wojnarowski adds, stating that he can start the extension at 140% of his $12.9MM salary. Doing that would enable the Knicks to use their $12.4MM non-taxpayer mid-level exception, Woj points out, adding that New York has about $149MM in guaranteed salary for next season (including Hart’s option), which is $16MM below the projected luxury tax.

If Hart exercises the option without a new deal, he would become eligible for an extension in August that could be worth up to $81MM over four seasons, tweets Fred Katz of The Athletic.

The 28-year-old swingman became a valuable part of coach Tom Thibodeau‘s rotation after being acquired from Portland at the trade deadline. Hart appeared in 25 games after arriving in New York, averaging 10.2 points, 7.0 rebounds and 3.6 assists in 30.0 minutes per night. He also shot 51.9% from three-point range and brought a fiery style that fits in well with Thibodeau’s philosophy.

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