- RJ Barrett‘s four-year contract extension with the Knicks includes exactly $107MM in guaranteed money and $13MM in total incentives, Hoops Rumors has confirmed. Like Barrett’s base salaries, his annual incentives increase by 8% a year, starting at $2,901,790 in 2023/24 and rising to $3,598,209 by ’26/27. Barrett’s starting base salary in year one of the extension is $23,883,929 — that figure will increase to $29,616,071 by ’26/27.
- The Knicks made a series of mistakes and botched negotiations with the Jazz regarding a potential Donovan Mitchell trade, Alan Hahn opines in a Substack post. They potentially alienated some young players and essentially sent a message to RJ Barrett that he’s not destined for stardom despite giving him an extension. They also overestimated the value of protected draft picks and the package they offered for Mitchell before Utah completed a deal with the Cavaliers. It now calls into question the franchise’s overall strategy, Hahn adds.
The Knicks believe they could have topped the offer that sent Donovan Mitchell to the Cavaliers, but they never got the chance to make a counterproposal, writes Stefan Bondy of The New York Daily News. Talks with the Jazz were on hold after word leaked late Monday night about an extension agreement with RJ Barrett. The Knicks were hoping to resume negotiations, but Utah reached a deal with Cleveland before that could happen.
Some members of the Knicks didn’t feel like they got “a fair shake” in the trade talks, and Bondy wonders whether the experience is related to the team’s high-profile appearance at a Jazz-Mavericks playoff game in April. New York, which was known to have interest in both Mitchell and Jalen Brunson, whom it ultimately signed, sent executives William Wesley and Allan Houston to the game, along with Julius Randle. They all sat at courtside, which reportedly upset officials from both Utah and Dallas.
The Knicks could have offered the Jazz more draft assets than they got from Cleveland, and they believe their early offers that centered on Barrett and first-round picks were better than the final deal. Bondy states that it’s unlikely that Utah executive Danny Ainge would sabotage a deal because of bitterness over the playoff stunt or a feud with CAA, but Bondy notes that Ainge only made one trade with the Knicks during his 18 years in the Celtics’ front office.
There’s more from New York:
- Gersson Rosas, who serves as senior basketball advisor with the Knicks, handled most of the negotiations with Utah, sources tell Gary Washburn of The Boston Globe. Rosas has a friendly relationship with Jazz general manager Justin Zanik, so they did most of the talking instead of Ainge and Knicks president Leon Rose, according to Washburn’s sources. Although Rosas didn’t complete the deal, the report shows that he has assumed more than just an advisory role with the franchise.
- The Knicks’ decision to give Barrett an extension was in reaction to the failed talks with the Jazz, per Marc Berman of The New York Post. A league source tells Berman that under normal circumstances, the team would have preferred to watch Barrett go through training camp before discussing the extension or possibly even wait until he hit restricted free agency next summer. The Knicks drafted Barrett before Rose and Wesley joined the organization. “They didn’t want to pay RJ now, they like RJ, but he’s not one of their guys,’’ Berman’s source said. “The preference was to trade him in a Donovan deal. … If they got Donovan without Barrett in the deal, they weren’t going to pay RJ now.’’
- New York’s priority in trade talks was keeping Quentin Grimes, states David Aldridge of The Athletic. Aldridge recommends that the Knicks should dip into their stockpile of draft assets to try to get Myles Turner and Buddy Hield from the Pacers.
Discussing the Donovan Mitchell trade on the latest episode of his Please Don’t Aggregate This podcast, Jake Fischer of Bleacher Report notes that the far-off nature of the unprotected first-round picks in the Cavaliers‘ offer (2025, 2027, and 2029) was one reason why the Jazz preferred that package to New York’s. While the Knicks were offering a pair of unprotected first-rounders, those picks would have conveyed earlier, per Fischer.
The further down the road a draft pick is, the more volatile its potential position is, since it’s far easier to forecast how a team will perform during the next year or two than six or seven years from now. In other words, the Jazz have a better chance of striking gold on a first-round pick in 2027 or 2029 than they would have on a 2023 or 2024 pick.
Here’s more on the Mitchell blockbuster:
- Yossi Gozlan of HoopsHype takes a closer look at a few specific details of the Mitchell trade, explaining how the “base year compensation” rule affects Collin Sexton, examining Utah’s proximity to the luxury tax line, and breaking down the Jazz’s new 2023 cap room projection.
- Mike Vaccaro of The New York Post doesn’t blame the Knicks for not going all-in for Mitchell, but he suggests the pressure is building on team president Leon Rose to make good use of all the extra draft assets he has acquired in recent years. Dan Devine of The Ringer, meanwhile, says Knicks fans will have to hope that Rose’s patience and willingness to stick to his plan is eventually rewarded.
- Although he acknowledges it’s possible that the Knicks, Cavaliers, and Jazz might regret the decisions they made this week a few years from now, John Hollinger of The Athletic says he likes what all three teams did. As Hollinger outlines, the difference between the Cavs’ and Knicks’ current states made it more palatable for Cleveland to meet Utah’s asking price than it would’ve been for New York.
- Chris Mannix of SI.com makes a similar case to Hollinger’s, arguing that Knicks fans should be just as happy about not acquiring Mitchell as Cavaliers fans should be about landing him. Cleveland is closer to championship contention than New York, according to Mannix, who writes that paying an extravagant price for Mitchell might’ve ultimately set the Knicks back.
- Gordon Monson of The Salt Lake Tribune pens a farewell to Mitchell on behalf of Utah, where the young guard evolved into a star during the first five years of his career.
Following up on a Marc Berman report from Thursday, Stefan Bondy of The New York Daily News confirms that Knicks forward Cam Reddish would like a change of scenery.
“It’s clear Cam has no place (with the Knicks),” Bondy’s source said, adding that the former lottery pick would prefer to be relocated.
After Berman published his report on Thursday, Reddish responded to an Instagram comment claiming that he requested a trade and seemingly disputed that notion: “When I do that? Y’all be trippin.”
Still, as Bondy observes (via Twitter), wanting a change of scenery and formally requesting a trade are two different things. Even if Reddish hasn’t done the latter, we now have multiple reports suggesting he’s hoping for the former.
Here’s more on the Knicks:
- RJ Barrett‘s new four-year extension with New York has a standard rising structure, starting at about $23.9MM in 2023/24 and increasing to $29.6MM by the fourth year, tweets ESPN’s Bobby Marks. According to Marks, Barrett will have $3MM in annual incentives — $1MM apiece for making an All-Star, All-NBA, and All-Defensive team.
- On his latest Hoop Collective podcast, ESPN’s Brian Windhorst claimed that the Knicks’ decision to halt Mitchell trade talks earlier this week and sign Barrett to an extension “created an incredible amount of animus” between the Knicks and Jazz (hat tip to RealGM). Barrett’s new deal complicated the salary-matching possibilities between the Knicks and Jazz due to the poison pill provision, and would’ve forced the two teams to reset their negotiations.
- The Knicks planned to continue pursuing Donovan Mitchell after agreeing on Monday to extend Barrett, but the Jazz began on Tuesday to focus on their discussions with the Cavaliers and never circled back to the Knicks before agreeing to a deal with Cleveland, says ESPN’s Adrian Wojnarowski.
- Jonathan Wasserman of Bleacher Report argues that the Knicks were wise to resist meeting Utah’s asking price for Mitchell, calling it a “disciplined” decision not to push so many of their chips into the middle of the table. Not everyone was as enthusiastic about New York’s decision though. “Who are they saving their picks for?” one player agent said to Eric Pincus of Bleacher Report. “(The Knicks) don’t really have the patience to build through the draft. Are they getting someone better than Donovan?”
- In case you missed it, we passed along several reports earlier today on what the Knicks had been offering for Mitchell.
Hoops Rumors is in the process of taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.
This series is meant to provide a snapshot of each team’s roster at this time, so these articles won’t be updated in the coming weeks as more signings, trades, and cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.
We’re continuing our pre-camp Roster Snapshot series today with the Atlantic Division. Let’s dive in…
Boston Celtics
- Players on guaranteed standard contracts: 10
- Players on non-guaranteed standard contracts: 2
- Al Horford (partial guarantee), Luke Kornet (partial guarantee)
- Players on Exhibit 10 contracts: 1
- Players on two-way contracts: 2
- Restricted free agents: 1
- Brodric Thomas (two-way)
- Players who have reportedly reached contract agreements: 2
Horford is a lock to be on the Celtics’ 15-man regular season roster and Kornet’s partial guarantee gives him an inside path. If we assume Boston will start the season with a roster spot open in order to maintain roster flexibility and reduce the team’s tax bill, that leaves two spots up for grabs.
Caboclo, Valentine, Vonleh, and Thomas will all likely be in the mix for those openings, and the C’s have the spots necessary on their 20-man offseason roster to bring in a couple more camp invitees to take part in that competition.
Brooklyn Nets
- Players on guaranteed standard contracts: 12
- Players on non-guaranteed standard contracts: 2
- Edmond Sumner (partial guarantee), Yuta Watanabe
- Players on two-way contracts: 1
- Restricted free agents: 1
- David Duke (two-way)
- Players who have reportedly reached contract agreements: 2
- Markieff Morris, Donovan Williams (Exhibit 10)
After hanging onto Durant and Irving, the Nets are still working on filling out their roster. It’s possible some combination of Sumner, Watanabe, and Morris will fill the remaining two or three spots on the 15-man squad, but it wouldn’t be shocking if Duke works himself into that mix or if Brooklyn brings in another veteran free agent or two to compete for a roster spot.
If Duke doesn’t get a promotion to the Nets’ 15-man roster, he’s the best bet to fill the open two-way slot next to Williams.
New York Knicks
- Players on guaranteed standard contracts: 13
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 2
- Garrison Brooks (Exhibit 10), Jean Montero (Exhibit 10)
Up until Thursday, it looked like the Knicks’ roster may still undergo a major overhaul, with the possibility of a Donovan Mitchell trade threatening to shake things up. Now that Mitchell is headed to Cleveland, New York’s offseason to-do list appears nearly done.
The Knicks do still have two openings on their 15-man roster and aren’t in any danger of going into tax territory, so they could comfortably fill both of those remaining spots. A veteran free agent signing or two is one possibility — New York could also look to make a minor trade, or could wait until the preseason to see which players currently on rosters might shake loose as teams make cuts.
Philadelphia 76ers
- Players on guaranteed standard contracts: 12
- Players on non-guaranteed standard contracts: 4
- Charles Bassey (partial guarantee), Isaiah Joe, Trevelin Queen (partial guarantee), Paul Reed
- Players on Exhibit 10 contracts: 1
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 1
- Aminu Mohammed (Exhibit 10)
With 12 players on guaranteed contracts and four on partially guaranteed or non-guaranteed deals, the Sixers will have to trade or release at least one player before opening night.
Given how close they are to the hard cap, the 76ers seem more likely to cut a player who doesn’t have a full guarantee in order to create a little extra flexibility, so Queen and Joe are among those who could be in danger. A trade involving a player like Korkmaz also shouldn’t be ruled out, though it will be trickier to pull off.
Toronto Raptors
- Players on guaranteed standard contracts: 13
- Players on non-guaranteed standard contracts: 4
- Dalano Banton (partial guarantee), Justin Champagnie (partial guarantee), Josh Jackson (exact details TBD), D.J. Wilson (partial guarantee)
- Players on Exhibit 10 contracts: 1
- Players on two-way contracts: 2
- Restricted free agents: 2
- Jalen Harris (two-way), David Johnson (two-way)
Even after waiving Svi Mykhailiuk, the Raptors have a crowded roster. It seems likely that all 13 players on guaranteed contracts will open the season on the 15-man squad — Hernangomez may not be a lock, but Toronto wouldn’t have given him a fully guaranteed salary if he wasn’t part of the team’s plans.
If we pencil in those 13, it leaves two open spots for Banton, Champagnie, Jackson, Wilson, and possibly two-way RFAs Harris and Johnson. The latter two are wild cards, since they could also factor into the two-way picture if Toronto is willing to carry one or both of them over Dowtin and/or Harper. There’s plenty still to be sorted out here.
Previously:
In the wake of the agreement between the Jazz and Cavaliers on a trade that will send Donovan Mitchell to Cleveland, details are trickling in on what the Knicks – long rumored to be Mitchell’s top suitor – offered for the three-time All-Star.
Not every outlet is entirely in alignment on what the Knicks put on the table for Mitchell, but the various reports paint a pretty clear picture of what it would’ve taken for the Jazz to send the 25-year-old to New York. Here’s what a few key national and local reporters are saying:
According to Wojnarowski, before extending RJ Barrett, the Knicks balked at including Quentin Grimes in a package that already featured Barrett, two unprotected first-round picks, the Bucks’ 2025 first-rounder (top-four protected), two second-round picks, two pick swaps, and a pair of expiring contracts from a third team.
When the Knicks wanted to replace Grimes in that package with Immanuel Quickley, the Jazz insisted on a third unprotected first-round pick, which the Knicks weren’t willing to give up, according to Wojnarowski, who says New York would’ve sent Evan Fournier and a first-round pick to a third team in order to spare Utah from having to take on Fournier’s multiyear contract.
Perhaps the most intriguing part of Wojnarowski’s report is his claim that the Knicks made an offer in early July that would’ve included Barrett, Obi Toppin, Mitchell Robinson (via sign-and-trade), and three unprotected first-round picks. When the Jazz turned down that proposal, Robinson re-signed with New York, which took him out of the mix for any further negotiations between the two teams.
Vincent Goodwill of Yahoo Sports:
Goodwill’s intel is similar to Wojnarowski’s — he hears from sources that the Jazz and Knicks got close to a deal that would’ve included Barrett, Grimes, expiring contracts, two first-round picks, the Bucks’ 2025 pick, a pair of pick swaps, and two second-rounders. However, New York felt that price was too steep and decided to extend Barrett instead.
Marc Berman of The New York Post:
One of the Knicks’ last offers to Utah included two unprotected first-rounders and three conditional picks along with Barrett, according to Berman, who says it’s unclear whether the team was offering three unprotected first-rounders in permutations of the deal that didn’t include Barrett.
Berman suggests (via Twitter) that the Knicks withheld Grimes from all of their offers. That’s a little hard to believe, given how many different versions of deals the two sides discussed, but it sounds like New York wasn’t interested in adding the second-year guard as a sweetener to offers that already included Barrett and significant draft capital.
“(The Knicks) thought they had (Jazz CEO Danny) Ainge and Utah over the barrel,” one league source said to Berman. “They held back on best offers of picks and players and Danny got his three unprotected.”
Stefan Bondy of The New York Daily News:
Bondy confirms that the Knicks weren’t willing to give up three unprotected first-round picks along with Barrett.
However, he says the team was open to moving any of its top prospects, including Grimes — again, presumably if they were going to include Grimes in certain iterations of their offer, the Knicks would’ve wanted to remove another asset or two.
According to Begley, the Knicks did make offers for Mitchell that included three unprotected first-round picks, but Barrett wasn’t part of those packages.
Begley also reports that the Knicks offered different combinations of players in their proposals that featured two unprotected first-rounders and the Bucks’ lightly protected 2025 pick — some of those offers included Barrett and some didn’t (while Begley doesn’t confirm this, it sounds as if Grimes was probably put into some offers that didn’t include Barrett).
At one point, Begley writes, the Jazz asked for a package that included Barrett, Evan Fournier, three unprotected first-rounders, additional draft picks, and at least one other young Knick player. New York opted not to meet that price.
It’s worth noting that the Knicks themselves are likely to be one of the primary sources leaking these after-the-fact details. The Jazz wouldn’t have much incentive to leak packages that they could’ve had instead of Cleveland’s, whereas the Knicks may be hoping to convey the impression they made a strong play for Mitchell and made fair proposals.
With that in mind, it’s worth taking these reports with a grain of salt — it’s possible a key detail or two is being omitted. Still, there’s a pretty consistent message that the Knicks were, at the very least, willing to trade Barrett, two unprotected first-round picks, and some additional draft compensation for Mitchell.
It will be fascinating to follow the trajectories of Barrett and new Jazz players like Collin Sexton and Ochai Agbaji in the coming years to assess whether Utah made the right call by passing on the Knicks’ offers and pulling the trigger on the Cavs’ deal.
The Knicks officially signed fourth-year small forward RJ Barrett today to a lucrative four-year rookie contract extension that can be worth up to $120MM. Taking a closer look at the deal in the latest edition of their podcast The Mismatch (YouTube video link), Kevin O’Connor and Chris Vernon of The Ringer argue the extension is a smart play for New York. The duo thinks that Barrett, at worst, will be a solid role player, and at best could reach All-Star greatness.
Vernon and O’Connor also both think Barrett will thrive best as a large shooting guard, the same position that undersized All-Star Donovan Mitchell, who was just dealt from the Jazz to the Cavaliers instead of the Knicks, plays.
Mike Vaccaro of the New York Post opines that Barrett’s extension serves as proof positive that team president Leon Rose and the rest of New York’s front office see Barrett as a core building block for the future. Vaccaro notes that Barrett has improved as a shooter each season, and says he’s worth the investment.
There’s more out of Madison Square Garden:
- Rival coaches and executives are weighing in on the team’s decision to extend Barrett, writes Marc Berman of the New York Post. “The Knicks normally overpay for decent players,’’ a coach told Berman. “Is RJ ever going to be more than a low efficiency, high usage scorer? Maybe. But maybe not. That’s the point. But they think he’s got a lot of room to get better.’’ An NBA scout offered the following assessment: “RJ is a really good player, but only if he’s surrounded by a really good team. (The Knicks) are a mediocre team, and they have a lot of money tied up in three players (Jalen Brunson and Julius Randle being the other two) who are third/fourth options. That would be the concern. It’s where do they go from here with this much money tied into three players. Are these contracts going to be (tradable) if need be, or you’re stuck with them?’’
- The Knicks had the assets needed to trade for three-time Jazz All-Star Donovan Mitchell, who ultimately was sent to the Cavaliers today in a blockbuster deal. Ian Begley of SNY.tv breaks down New York’s thinking in not going all-in for Mitchell. In addition to being reticent to include three unprotected first-round picks as has been previously reported, Begley writes that the team was hesitant to trade Barrett or Quentin Grimes, both of whom Utah had been interested in adding.
- Deciding to not make a deal for Mitchell may work out for the Knicks, according to Steve Popper of Newsday. Popper writes that a starting backcourt of two 6’1″ guards in Brunson and Mitchell could have put New York at a defensive disadvantage in a league full of bigger, longer guards. Popper wonders if the Knicks will now move on to considering 6’6″ Thunder guard Shai Gilgeous-Alexander, currently trapped on a franchise in the midst of a long-term rebuild.
The Knicks have officially signed forward RJ Barrett to a rookie scale extension, the team announced today in a press release.
While the Knicks’ didn’t specify the terms of the deal in their announcement, previous reports indicated that Barrett’s new four-year contract, which will go into effect in 2023/24, will include $107MM in guaranteed money and could be worth up to $120MM with incentives related to All-Star, All-NBA, and All-Defensive selections.
“We are thrilled to announce a well-deserved extension for RJ Barrett, a core piece of our team’s foundation,” Knicks president of basketball operations Leon Rose said in a statement. “At only 22 years old, he has elevated his game each season, solidifying himself as a force on both ends of the court. We believe he will continue to improve because of his passion for the game and dedication to his craft. We want to continue to build our team and culture around players like RJ who possess these values and qualities.”
Fittingly, the Knicks announced Barrett’s extension at almost exactly the same time word broke that the Jazz were trading Donovan Mitchell to Cleveland. The Knicks and Jazz reportedly had extensive discussions about Barrett as a possible centerpiece in a trade for Mitchell, with New York setting a Monday night deadline to either agree to a trade or extend the former No. 3 overall pick.
Barrett’s extension didn’t rule out the possibility that the Jazz and Knicks could work out a Mitchell trade, even one involving Barrett. However, it put those trade discussions on the back burner at least temporarily, opening the door for the Cavs to swoop in and finalize a trade for Mitchell themselves.
With Mitchell no longer available, it’s a safe bet Barrett will be a Knick in 2022/23. If he’s not included in another trade for a star down the road, he’s on track to remain in New York all the way through at least the ’26/27 season — his new deal reportedly doesn’t include any player or team options, so he won’t be eligible for free agency until the summer of 2027.
A former star at Duke, Barrett has steadily increased his scoring average in his three NBA seasons with the Knicks, registering a career-high 20.0 PPG in 70 games (34.5 MPG) in 2021/22. He also contributed 5.8 RPG and 3.0 APG while shooting .408/.342/.714 last season.
Those shooting marks were a step down from his career bests in ’20/21 (.441/.401/.746), but the presence of newly acquired point guard Jalen Brunson this season should help boost Barrett’s scoring efficiency.
Knicks forward Cam Reddish would prefer a change of scenery, according to Marc Berman of The New York Post, who hears from a league source that Reddish is seeking a larger role after seeing irregular minutes with the team last season.
Reddish, who was traded from Atlanta to New York in January in exchange for a heavily protected first-round pick, only appeared in three of his first 11 games with the club, logging 21 total minutes during that time as he returned from an ankle injury.
Reddish began to see the court more regularly in February when Quentin Grimes went down with an injury and Kemba Walker reached an agreement to sit out the rest of the season. However, the former Duke Blue Devil suffered a separated shoulder on March 7, prematurely ending his season. In total, Reddish averaged 6.1 PPG on .415/.258/.906 shooting in 15 games (14.3 MPG) for the Knicks.
A full offseason with the Knicks could theoretically pave the way for Reddish, who is celebrating his 23rd birthday today, to earn a more significant role in 2022/23. But he has been mentioned in some trade rumors this offseason, and Berman’s source is skeptical that Tom Thibodeau envisions the forward as an important piece in New York’s rotation.
“The Knicks didn’t have a plan for him,” the source told The Post. “They traded for him without one and still don’t have one. He would like a bigger opportunity somewhere.”
The Lakers reportedly explored the possibility of acquiring Reddish prior to the February trade deadline, and have been mentioned again this summer as a possible suitor.
If the Klutch Sports client ends up in Los Angeles, it might be as a small part of a bigger three-team deal that sends Russell Westbrook to Utah and Donovan Mitchell to New York. It’s also possible that Reddish could be traded to Utah as part of a package for Mitchell, but Berman says there’s no indication the Jazz are targeting the former 10th overall pick.
Reddish also reportedly sought a change of scenery out of Atlanta before being dealt to the Knicks. His minutes per game had dipped to 23.4 MPG with the Hawks in 2021/22 prior to the trade, a step down from the 28.8 MPG he averaged in ’20/21. Following the trade, he expressed a belief that he could become a “legit star,” but for now he’ll just have to prove that he can be a reliable rotation player.