Knicks Rumors

Knicks Notes: Cap Situation, Starting Five, Hart, Anunoby

After waiving Matt Ryan and signing Landry Shamet, the Knicks are operating approximately $535K below their hard cap for the 2024/25 season.

Ryan will count toward the cap for $621,439 in dead money, while Shamet’s new cap hit is $1,343,690, though he’ll technically earn $1,682,008 if he remains under contract beyond January 7 on his minimum-salary deal (or if it’s already fully guaranteed, which has not been confirmed).

Due to that small gap between their team salary and the second tax apron, New York will be unable to fill their 15th roster spot until later in the season, once the prorated veteran’s minimum dips low enough to fit below the hard cap.

Their cap situation could change if they continue to swap players in and out of that 14th spot, if they sign anyone to a 10-day contract, or if they make an in-season trade. But based on their current team salary, the Knicks would be able to add a veteran as a 15th man as of March 1, when the cap hit for a prorated minimum deal would be $527,878.

Here’s more on the Knicks:

  • Good injury luck – along with an aversion to load management – has allowed the Knicks to establish cohesion with their new-look starting lineup, writes Stefan Bondy of The New York Post. The team’s five starters have missed a total of just three games (two for Karl-Anthony Towns and one for Josh Hart) and the group has played a league-leading 459 minutes together, posting a +7.0 net rating. Only two other five-man lineups around the NBA have logged more than 250 minutes so far this season.
  • While the Knicks were in New Orleans over the weekend for a game against the Pelicans, Hart credited his former head coach Willie Green for “changing the trajectory” of his career. Hart was a Pelican when Green took over as the team’s coach in 2021. “He was my third coach in three years,” Hart said, according to Bondy. “Coming off Stan (Van Gundy), where I probably had one of the worst years of my career. And Willie just kind of believed in me. I didn’t want to come back (to New Orleans), but I talked to him and we got on the same page at the beginning of that year. … He trusted in me as a player, but more so as a person. And that really gained my confidence. … He changed things for me.”
  • The Knicks raised eyebrows over the offseason when they re-signed OG Anunoby to a five-year deal worth $212.5MM, the most total guaranteed money any team committed to a free agent in 2024. But Anunoby is rewarding the team’s belief in him so far — he hasn’t missed a game this season, has increased his scoring averaged to 16.6 points per game, and – as Steve Popper of Newsday writes – has continued to play his usual form of lock-down defense. “I know OG puts a lot of guys in jail,” Hart said on Saturday. “He’s someone we’re good with putting him on the island with whoever, big or small, and he’s going to change shots. I don’t understand how he does half of it. … He’s a monster to a defense all by himself and he should be a first-team or second-team All-Defense for sure. We’re comfortable with that matchup against him and anybody.”

T.J. Warren, Jahlil Okafor Headline NBAGL All-Showcase Team

The NBA G League has announced (via Twitter) a five-man All-Showcase Team following its 2024 Winter Showcase in Orlando, which wrapped up in Sunday. The standout players recognized by the NBAGL are as follows:

The event, which was the culmination of the G League’s fall Tip-Off Tournament, included an eight-team, single-elimination bracket made up of the top finishers in the Tip-Off Tournament. Those eight clubs were vying for the Showcase Cup, with the league’s other 22 teams each playing a pair of non-tournaments from Thursday to Sunday.

Warren’s Knicks defeated Christopher’s Skyforce in the Showcase Cup final, with Warren averaging 22.7 points per game on 54.8% shooting in Westchester’s three victories. The veteran forward had 24 points and four assists in Sunday’s championship game.

Four of the five players named to the All-Showcase Team were in the Showcase Cup bracket. The only exception was Okafor, who averaged 22.0 points, 9.0 rebounds, and 4.0 assists per game on 66.7% shooting in a pair of non-tournament victories for the Pacers‘ affiliate.

While Miller is on a standard NBA contract with the Timberwolves and Christopher is on a two-way deal with the Heat, Warren, Okafor, and Young aren’t currently controlled by NBA teams and could be freely signed by one at any time. Their performances over the weekend in front of scouts and executives should help strengthen their cases for NBA promotions, especially once the 10-day contract window opens in January.

Warren and Okafor are NBA veterans who each have several years of experience in the league, whereas Young is an undrafted rookie who was in camp with the Nuggets in the fall. The former Maryland standout had 22 points, nine assists, and seven rebounds in Grand Rapids’ win over the OKC Blue on Thursday, then put up 28 points, seven assists, six rebounds, and three steals in a losing effort to Westchester on Saturday.

Knicks Add Landry Shamet, Waive Matt Ryan

DECEMBER 23: The Knicks have announced the signing of Shamet (Twitter link). Both roster moves are now official.


DECEMBER 22: The Knicks have agreed to a standard contract with guard Landry Shamet, ESPN’s Shams Charania reports. It’s a one-year deal, James Edwards III of The Athletic tweets.

To make room for Shamet and remain under the second-apron hard cap, the Knicks have waived forward Matt Ryan, the team’s PR department tweets.

It’s not surprising New York brought back Shamet. who dislocated his shoulder during the preseason while participating in Knicks training camp. He remained with the Westchester Knicks in the G League while rehabbing his injury and the NBA club was simply waiting for him to get back to full strength. Coach Tom Thibodeau commented on Shamet’s status a week ago.

“It’s good to see him out there healthy again,” Thibodeau said then. “(But) there’s a number of things that have to happen before he can play with us.”

Shamet was likely to make the opening night roster prior to the injury. He  had signed a non-guaranteed, minimum-salary contract during the offseason.

He was waived before opening night. Shamet appeared in 46 games with Washington last season and averaged 7.1 points in 15.8 minutes per contest. He has also played for Philadelphia, the Los Angeles Clippers, Brooklyn and Phoenix in 348 total regular season outings.

Ryan was inked to a non-guaranteed contract in early November and appeared in nine Knicks games, but logged very few minutes in those outings.

Assuming he goes unclaimed on waivers, Ryan will count for $621,439 in dead money on New York’s books. The cap hit for Shamet’s contract will depend on when he officially signs — if it’s officially finalized on Monday, the deal will carry a cap charge of $1,343,690 for the Knicks.

New York Notes: Clowney, Simmons, Bridges, Towns, Knicks

Nets center Nic Claxton was ejected from Thursday’s game against Toronto, allowing second-year forward Noah Clowney to close out the game and shine, The New York Post’s Brian Lewis writes. The 21st overall pick in 2023 recorded season highs of 37 minutes played and nine rebounds to go along with 11 points.

His growth defensively, his physicality — obviously its multiple areas — he’s been one of our best players at going vertical, taking a charge,” coach Jordi Fernandez said. “His physicality on the ball guarding a really good player like Scottie Barnes, that growth was important. That’s why I was comfortable with him playing all those minutes. … I’m very happy for him because he showed growth. That’s what it’s all about.

Clowney is averaging 7.6 points and 3.4 rebounds per game this year and looks to be among the team’s young pillars moving forward. If forwards like Dorian Finney-Smith or Cameron Johnson are traded by February 6, Clowney may continue to see his minutes rise as the year goes on.

We have more out of New York:

  • The Nets‘ identity changed after Dennis Schröder was moved to the Warriors, forcing Ben Simmons and Claxton to start together, which is inhibiting spacing, Lewis writes in another story. The duo struggled together in their first post-Schröder outing, but Simmons had a solid night in the win against Toronto. “Yeah, I mean, there’s more opportunity for me now, just being at that point guard position. So just finding my ways,” Simmons said. “I’m gonna go talk to coach about some different looks and things like that that I see out there.
  • Mikal Bridges started his Knicks career in a shooting slump, but he’s starting to flip the script, the New York Post’s Stefan Bondy writes. In his last eight games, Bridges is shooting 43.1% from beyond the arc on 7.3 attempts per game. “Once he started making shots, nobody said nothing [about his revamped shooting form]. Nobody is talking about how it looks now,” teammate Cameron Payne said. “So he just be locked in, man. He’s pretty good with stuff like that man. I actually applaud him for it. Because you could easily get distracted with that or get messed up in the head with it.
  • Karl-Anthony Towns is playing at an MVP-level pace, Mike Vaccaro of the New York Post asserts. The Knicks center was No. 6 on NBA.com’s most recent MVP ladder. Towns’ 32 points and 20 rebounds against the Timberwolves put an exclamation point on a strong start to the season, Vaccaro writes.
  • Five of the next seven Knicks‘ games come against teams in the bottom four of the league standings, Bondy observes. The Knicks have won seven of their last nine games and are third in the Eastern Conference at 17-10.

New York Notes: Towns, Achiuwa, Claxton, Fernandez

Karl-Anthony Towns was outstanding in his return to Minnesota Thursday night, and the Knicks look like the clear winners of the trade that shook up the NBA just before the start of training camp, writes Stefan Bondy of The New York Post.

Towns, one of the top players in Timberwolves history, was sent to New York in a three-team deal to get the Wolves out from under his pricey contract. He didn’t have anything negative to say about the franchise as he played in Minnesota for the first time since the trade, but his play spoke loudly as he racked up 32 points, 20 rebounds and six assists while shooting 10-of-12 from the field.

“I was here nine years. That’s a long time. I called this place home,” Towns said. “To be back here, to be able to sleep in my house one more time, it was really a nostalgic feeling.” 

While Towns is making a strong case to be an All-Star starter, the trade hasn’t worked out nearly as well for the Wolves, Bondy adds. Julius Randle came out hot on Thursday with 15 points and three assists in the first quarter while directing numerous comments at the Knicks’ bench. However, he was mostly ineffective after OG Anunoby began guarding him and left without speaking to reporters. Donte DiVincenzo had 15 points in 25 minutes, but much of that came during garbage time as New York held a huge lead for most of the night.

“The game wasn’t just another game,” Towns said. “If anyone tells you otherwise that’s a lie.” 

There’s more on the two New York teams:

  • Josh Hart missed the game for personal reasons, marking the first time all season that the Knicks have been without one of their starting wings, according to Bondy. Precious Achiuwa made his first start of the season and delivered 13 points and 10 rebounds in 28 minutes. Jericho Sims returned to the rotation and had six points in 18 minutes.
  • Nets center Nic Claxton admits he needs to stay in control after being ejected Thursday for the third time this season, per Brian Lewis of The New York Post. Claxton got tossed when he threw the ball into the stands after being intentionally fouled by Kelly Olynyk on a drive to the basket. He appeared to be frustrated over a non-call on the previous possession. “I just had a mental lapse, and I just launched the ball in the crowd,” Claxton told reporters after the game. “And I can’t let my emotions get to that point. I got to be there for my team.”
  • The Nets rallied for a win at Toronto that boosts their playoff chances but likely hurts their position in the lottery, Lewis adds. Coach Jordi Fernandez was happy that his players kept battling, as he wants their focus to be on remaining competitive rather than next year’s draft. “There was adversity, for many different reasons, but nobody dropped their shoulders, and they kept playing,” Fernandez said. “Winning a game like this, it’s important for us.”

Knicks Notes: Randle, DiVincenzo, Finch, Towns

The Knicks and the Timberwolves are set to play each other on Thursday night for the first time since making a blockbuster deal that sent long-time Wolves star Karl-Anthony Towns to New York. Former Knick Julius Randle was a part of that deal after spending five seasons with New York — it was the best stretch of his career, as he averaged 22.6 points per game and made three All-Star teams.

Despite Randle’s impressive stint in New York, he told reporters that he sees Thursday’s matchup as just “another game,” according to Peter Botte of the New York Post, and didn’t offer many further remarks when asked about facing his old team.

Whenever you get traded, no matter what it is, it’s always tough, it’s always emotional,” former teammate Josh Hart said. “You always have that sense of not being wanted. That’s on both sides. I think [Donte DiVincenzo] and [Randle] probably felt that way. And KAT probably felt that way, and every time a trade happens, you feel, even if you’re the big piece of the trade and another team wants you, you still feel a little chip on your shoulder and you still feel unwanted.

The Knicks know the challenge they’re facing off against with Randle, who is averaging 20.1 points this season.

Jules is a great player. He can do it all,OG Anunoby said, per Botte. “Pass, shoot, drive. Great player.

We have more from the Knicks:

  • DiVincenzo still keeps in touch with his former Knicks teammates and knows what they’re going through, Botte writes in another story. DiVincenzo is averaging 8.3 PPG while shooting 31.9% from deep and was open about the difficulties of adjusting to a new team. “It’s not normal to make a trade the day before media day. Both sides, it takes time to adjust,” DiVincenzo said. “Great things take time. On our side, I believe that, but also on their side. I think KAT’s playing really well, but it’s going to take time to mesh, for other guys to adjust to what he does.
  • Adding another layer to an already interesting relationship between the two teams, Stefan Bondy of the New York Post reports (subscriber link) that Timberwolves head coach Chris Finch almost took a job under Tom Thibodeau in 2020 before winding up with Nick Nurse in Toronto. “Thibs had his staff already full. And so he just wanted me to come in as a consultant/backroom guy,” Finch said. “But I wanted more to coach. I wanted to be out there.
  • The Knicks have gotten everything they hoped for from Towns when they traded for him, Fred Katz of The Athletic writes. Towns is averaging a career and league-high 13.9 rebounds per game while also contributing 24.8 points per contest, his most since the 2020/21 season. His shooting line is a scorching .526/.439/.845.

And-Ones: Hall Of Fame, Brown, Maledon, Lessort, G League

The Naismith Basketball Hall of Fame officially announced its list of eligible candidates for the Class of 2025, including several-first-time nominees (Twitter link). Ten-time All-Star Carmelo Anthony and eight-time All-NBA team member Dwight Howard are among the notable names.

WNBA greats Sue Bird, Sylvia Fowles, Chamique Holdsclaw and Maya Moore are first-time nominees, as are legendary coaches Lisa Bluder, Billy Donovan, Mark Few and Doc Rivers. NBA stars Marc Gasol and Amar’e Stoudemire round out the list of new candidates, while Heat owner Micky Arison is nominated as a contributor. According to a report from The Associated Press, the 2008 U.S. Olympic men’s basketball team was among the repeat nominees.

Along with announcing the list, the Hall has adjusted its waiting period for candidates from three seasons out of the game to two.

To better recognize the distinguished careers of potential first-ballot nominees in a more timely manner, the board has appropriately shortened the waiting period,” Hall of Fame chairman Jerry Colangelo said. “We are excited about this change and believe that honoring individuals while their contributions are still fresh in people’s minds is both meaningful and impactful.

This is the first step in the process of enshrinement. Finalists are selected on Feb. 14 in San Francisco during NBA All-Star weekend and the full class will be revealed on April 5 in San Antonio at the NCAA Tournament. There are a total of 189 candidates in various categories, according to the Hall.

We have more from around the basketball world:

  • ESPN announced that 91-year-old Hubie Brown will call the final game of his broadcasting career on Feb. 9. That game, between the Bucks and the Sixers, will be jointly called by Brown and Mike Breen. Brown, a two-time NBA Coach of the Year, worked for the Knicks, Grizzlies and Hawks.
  • Former NBA guard Theo Maledon is reportedly being targeted by Real Madrid, according to a report from Sportando. Maledon is currently playing with French club ASVEL and is fourth in the EuroLeague in points per game (18.8). According to the report, Real Madrid offered a buyout to current guard Xavier Rathan-Mayes with an eye toward giving Maledon a multi-year deal. Maldeon most recently played with the Suns in 2023/24 and also had stints with the Thunder and Hornets after being selected with the 34th overall pick in 2020.
  • Mathias Lessort, whose draft rights are held by the Knicks, suffered a fibula fracture and will be out for the next four months, according to a report from Eurohoops.net. Lessort has been an impressive defensive force for Greek club Panathinaikos. There’s been some speculation that Lessort, the 50th overall pick in 2017, could make the move stateside at some point — he’s in the final year of his current contract.
  • The G League Union elected a new executive committee as the league is in the negotiation process of creating its first-ever CBA for players, ESPN’s Tim Bontemps tweets. Robert Baker of the Osceola Magic will serve as president, Yauhen Massalski of the San Diego Clippers will be secretary-treasurer, and College Park’s David Singleton and Salt Lake City’s Josh Pierre-Louis were elected as vice presidents, according to Bontemps (Twitter link).

Fischer: Valanicunas Among Several Centers On Trade Block

Jonas Valanciunas of the Wizards may be the most “attainable” and desirable trade candidate among centers this season, but he’s certainly not the only big man who could be on the move prior to the February 6 deadline, league sources tell Jake Fischer (Substack link via The Stein Line).

According to Fischer, several teams are looking for help in the middle, including the Lakers, Clippers, Bucks and Pelicans. The Clips and Bucks are interested in reserve centers to complement their starters (Ivica Zubac and Brook Lopez, respectively), with Lopez also drawing trade interest since last summer.

The Warriors are another team contemplating a trade involving big men, with Kevon Looney garnering “plenty of interest” from rival clubs, Fischer writes. Like Lopez, who earns $23MM in 2024/25, Looney is on an expiring contract ($8MM).

Confirming a recent report from Stefan Bondy, Fischer says Knicks center Jericho Sims is viewed as a potential trade candidate due to his inconsistent playing time as a backup this season. Fischer also notes that New York gauged injured center Mitchell Robinson‘s trade value around this time last year.

Despite his lengthy injury history, Trail Blazers center Robert Williams may be the “most coveted” big man on the market outside of Valanciunas, but it’s no lock that Portland will end up moving him, according to Fischer’s sources. If the Blazers do trade a member of their frontcourt, expect it to come closer to the deadline, Fischer adds.

Here’s more from Fischer:

  • Like Clint Capela, whom we highlighted in another story, Nikola Vucevic is a starting center who could be on the move, but it’s unclear if the Bulls will be successful in their attempts to trade the two-time All-Star, in part due to his contract ($20MM in ’24/25, $21.5MM in ’25/26).
  • Valanicunas, Williams and Walker Kessler are among the big men on the Lakers‘ trade wish list, sources tell Fischer. However, the Jazz have declined multiple offers for Kessler, so it’s difficult to decipher if Utah is actually willing to trade him or is simply gauging what he might bring in return.
  • Chris Boucher (Raptors), Day’Ron Sharpe (Nets), Trey Lyles (Kings), Daniel Theis (Pelicans) and Nick Richards (Hornets) are also “known to be on the market,” according to Fischer.

Warriors Remain Atop 2024 NBA Franchise Valuations

The Warriors remain the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2024 on Wednesday.

Badenhausen projects the Warriors’ value at $9.14 billion, making them one of three teams to surpass the $8 billion mark this year. The Knicks have a projected worth of $8.3 billion, while the Lakers come in at $8.07 billion, per Sportico. Only the NFL’s Dallas Cowboys – at $10.3 billion – have a higher valuation than Golden State among North American sports teams, says Badenhausen.

While Sportico’s figures suggest the Warriors, Knicks, and Lakers are worth significantly more than the fourth-place team (the Nets at $5.7 billion), the average value of an NBA franchise is up to $4.6 billion, with no team worth less than $3 billion.

That average has increased by 15% since Sportico released its 2023 valuations last December and has nearly doubled since the site published its first NBA franchise valuations four years ago, when the average was $2.37 billion.

The NBA’s new $77 billion media rights deal and a 15% increase in team sponsorship are among the factors contributing to the rising valuations of the league’s franchises, according to Badenhausen, who notes that a post-COVID boom in concerts and other major events has been good news for team owners who also control their arenas.

NBA team owners operated 10 of the world’s 20 highest-grossing concert venues in 2024, with the Nets’ Barclays Center coming in at No. 1, says Badenhausen. The Nets’ valuation is up 43% this year, per Sportico, easily the largest year-over-year increase among the 30 NBA franchises.

When Forbes put out its NBA franchise valuations in October, it pegged the average value of a team at $4.4 billion. In the past, we’ve used Forbes as our primary source for NBA franchise valuations, but with Badenhausen making the move from Forbes to Sportico in recent years and the outlet establishing itself as a go-to resource for sports business news, we begun highlighting Sportico’s projections as of 2023.

Of course, it’s worth noting that figures from Sportico, Forbes, or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But these projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.

Here’s Sportico’s full list of NBA franchise valuations for 2024:

  1. Golden State Warriors: $9.14 billion
  2. New York Knicks: $8.3 billion
  3. Los Angeles Lakers: $8.07 billion
  4. Brooklyn Nets: $5.7 billion
  5. Los Angeles Clippers: $5.68 billion
  6. Boston Celtics: $5.66 billion
  7. Chicago Bulls: $5.56 billion
  8. Miami Heat: $5 billion
  9. Houston Rockets: $4.77 billion
  10. Toronto Raptors: $4.66 billion
  11. Philadelphia 76ers: $4.57 billion
  12. Dallas Mavericks: $4.46 billion
  13. Phoenix Suns: $4.32 billion
  14. Sacramento Kings: $4.11 billion
  15. Atlanta Hawks: $4.07 billion
  16. Denver Nuggets: $4.06 billion
  17. Washington Wizards: $3.98 billion
  18. Cleveland Cavaliers: $3.95 billion
  19. Milwaukee Bucks: $3.91 billion
  20. San Antonio Spurs: $3.79 billion
  21. Indiana Pacers: $3.74 billion
  22. Utah Jazz: $3.67 billion
  23. Portland Trail Blazers: $3.6 billion
  24. Oklahoma City Thunder: $3.55 billion
  25. Orlando Magic: $3.46 billion
  26. Detroit Pistons: $3.45 billion
  27. Charlotte Hornets: $3.39 billion
  28. Minnesota Timberwolves: $3.29 billion
  29. New Orleans Pelicans: $3.09 billion
  30. Memphis Grizzlies: $3.06 billion

As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. No NBA franchise saw its majority control change hands in 2024, but that could change in 2025, with control of the Celtics up for sale.

According to Badenhausen, team executives and investors have predicted a sale price ranging from $4.5 billion to $6.5 billion for the Celtics. The final valuation will be determined by a number of factors, including how many bidders are on the mix, what percentage of the team they can buy, and whether current governor Wyc Grousbeck insists on remaining in that role until 2028, which he has indicated is his goal.

The Bucks Players Who Benefited Most From NBA Cup Prize Money

The Bucks‘ team salary this season is approximately $193MM, which is over the second tax apron and far exceeds the $160.4MM on the Thunder‘s books.

However, only two players on Oklahoma City’s roster are on minimum-salary contracts and just three of 15 Thunder players on standard deals are earning less than $3MM this season. By comparison, Milwaukee has eight players with salaries below $3MM, plus a ninth earning just a hair above $3MM. Seven of those nine players are earning their respective minimums.

While the $514,970 bonus for winning the NBA Cup may be a drop in the bucket for maximum-salary Bucks stars Giannis Antetokounmpo and Damian Lillard, it represents a significant pay raise for the players on the lower two-thirds of Milwaukee’s cap sheet, as well as the players on two-way contracts who will receive bonuses worth $257,485 apiece.

[RELATED: Details On NBA Cup Prize Money For 2024]

The NBA Cup prize money results in at least a 17% raise for each of the following Bucks players, whose 2024/25 salaries are noted in parentheses:

Players receiving a $514,970 bonus:

Players receiving a $257,485 bonus:

The bonuses for Smith and the Bucks’ two-way players represent a raise of roughly 44.5% on their respective base salaries.

None of this prize money will count against the salary cap, so the Bucks’ team salary for cap, tax, and apron purposes remains unchanged, as do the team salaries for Oklahoma City and the other six clubs who made the knockout round of the IST. Their prize money is as follows:

  • Oklahoma City Thunder: $205,988 per player ($102,994 for two-way players)
  • Atlanta Hawks and Houston Rockets: $102,994 per player ($51,497 for two-ways)
  • Dallas Mavericks, Golden State Warriors, New York Knicks, and Orlando Magic: $51,497 per player ($25,749 for two-ways)