Knicks Rumors

Knicks Sign Alex O’Connell To Exhibit 10 Deal

October 2nd, 2024 at 5:13pm CST by Luke Adams

OCTOBER 2: O’Connell’s signing is now official, nearly three months after it was first reported, the Knicks announced (via Twitter).

JULY 3: The Knicks intend to sign former Duke and Creighton wing Alex O’Connell to an Exhibit 10 contract, reports Ian Begley of SNY.tv (Twitter link).

O’Connell, who went undrafted in 2022, spent his first professional season with the Stockton Kings, appearing in 48 G League games and averaging 9.1 points, 4.2 rebounds, and 1.7 assists in 21.7 minutes per contest, with a shooting line of .476/.379/.769.

The Westchester Knicks acquired O’Connell’s rights from Stockton last September, but he ended up playing in Italy with Reyer Venezia in 2023/24, competing in the Lega Basket Serie A (Italy’s top league) and the EuroCup.

The 25-year-old impressed the Knicks at a recent free agent mini-camp and will be with the team for Summer League play, according to Begley. O’Connell appears likely to end up with the Westchester Knicks as a returning-rights player, though if he continues to impress this summer and fall, he could be a candidate to have his Exhibit 10 contract converted into a two-way deal.

An Exhibit 10 contract is a non-guaranteed minimum-salary deal that doesn’t count against a team’s cap unless the player makes the regular season roster. It can be converted to a two-way contract before the season begins or can put a player in line to earn a bonus of up to $77.5K if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Knicks Officially Acquire Karl-Anthony Towns In Three-Team Trade With Wolves, Hornets

October 2nd, 2024 at 1:56pm CST by Luke Adams

The Karl-Anthony Towns blockbuster involving the Knicks, Timberwolves, and Hornets is now official, according to press releases from each of the three teams involved in the deal.

Word first broke last Friday night that an agreement had been reached, with more details reported on Tuesday. The full terms of the trade are as follows:

Knicks acquire Towns and the draft rights to James Nnaji.
Timberwolves acquire Julius Randle, Donte DiVincenzo, Keita Bates-Diop, and the Pistons’ 2025 first-round pick (top-13 protected; from Knicks).
Hornets acquire DaQuan Jeffries (sign-and-trade), Charlie Brown Jr. (sign-and-trade), Duane Washington (sign-and-trade), either the Nuggets’ or Sixers’ 2025 second-round pick (whichever is least favorable; from Timberwolves), the Warriors’ 2026 second-round pick (from Knicks), the Knicks’ 2031 second-round pick, and cash ($7.2MM; from Knicks).

“We are beyond excited to welcome Karl-Anthony Towns to the New York Knicks family,” Knicks president of basketball operations Leon Rose said in a statement. “Karl-Anthony brings a skillset that is unique to the game of basketball. He possesses a blend of playmaking, shooting, rebounding and defending that in combination with his size allows him to compete at a level that is rare in this league. Karl-Anthony has demonstrated throughout his career to be a high caliber player and person on and off the court who will complement the type of team and culture we continue to build in New York.”

Minnesota waived camp invitee Jaedon LeDee in order to accommodate the one-for-three swap, while Charlotte cut guards Marcus Garrett and guard Caleb McConnell to make room on its roster for the three incoming players.

Both the Wolves and Hornets are now at their 21-man preseason limits, while the Knicks have five open spots on their 21-man squad. They’ll reportedly fill one of those spots by re-signing Chuma Okeke.

Our original report on the trade includes more details on the on-court implications of the move for the Knicks and Timberwolves. We also discussed how it will affect New York’s ability to fill out the rest of its regular season roster.

Here are a few more additional notes on the transaction:

Randle received his full 15% trade bonus as part of the transaction, confirms ESPN’s Bobby Marks (via Twitter). That bumps the forward’s cap hit for 2024/25 from $28,939,680 to $33,073,920. The cap charge for Randle’s ’25/26 player option ($30,935,520) remains unchanged, since the trade bonus doesn’t affect option years.
Towns also had a trade kicker in his contract, but it’s voided because he’s already earning his maximum salary, Marks adds (via Twitter).
The three players the Knicks signed-and-traded to the Hornets will each earn exactly $1 more than their respective minimum salaries, per Marks. That works out to $2,425,404 for Jeffries, $2,237,692 for Brown, and $2,162,607 for Washington. Teams aren’t permitted to aggregate multiple minimum-salary contracts for matching purposes in offseason trades, and since Bates-Diop is on a minimum deal, Jeffries, Brown, and Washington couldn’t be. Fred Katz of The Athletic (Twitter link) has heard that the NBA “isn’t thrilled” about the way in which the Knicks circumvented that rule, but it’s technically legal.
The Hornets used their $7,983,000 room exception to accommodate those three incoming salaries, becoming the first team to take advantage of the new rule allowing clubs to use their non-taxpayer mid-level exception, room exception, or bi-annual exception to acquire a player via trade. Charlotte now has just $1,157,297 left on that exception.
The Timberwolves will create a $4,686,880 trade exception in the deal, which they’d be allowed to use this season despite being a second-apron team. Teams operating above either tax apron are prohibited from using trade exceptions that were generated during the previous season, but can use newly created TPEs.
Because they sent approximately $7.2MM to the Hornets in the deal, were responsible for paying Randle’s $4.13MM trade bonus, and will reportedly pay Partizan Belgrade an estimated $850K for Washington’s buyout, the Knicks are on the hook for more than $12MM in cash, separate from player salaries, as a result of the deal.

New York Notes: Bridges, Washington, Towns, Nets, Williams, Thomas

October 2nd, 2024 at 7:26am CST by Luke Adams

After making an NBA Finals and being part of a 64-win season in Phoenix, new Knicks forward Mikal Bridges admitted it was a difficult adjustment to be on a Nets team that went just 44-65 during his season-and-a-half with the franchise. However, as Stefan Bondy of The New York Post writes, Bridges also viewed his Nets tenure as a useful learning experience.

“Yeah, it was tough in Brooklyn, we were losing. Even personally, I think I didn’t handle it as well as I could,” he told reporters on Tuesday. “I always preach mental toughness and never losing your spirit. But it was just something I never dealt with like that. And, I think it was just a lot just for that team in general when I was there and the expectation for everybody and I think I didn’t handle it as good as I should have.”

Having been traded to Brooklyn’s cross-town rivals, Bridges is more optimistic about what the 2024/25 season holds, while Knicks star Jalen Brunson is excited about reuniting with his former Villanova teammate in New York’s starting lineup.

“I know how he plays, he knows how I play,” Brunson said. “The chemistry is still there.”

Here’s more on the NBA’s two New York teams:

According to reporting from Bojan Brezovac of MozzartSport, the Serbian club Partizan Belgrade could receive a payment worth up to $1MM for letting Duane Washington out of his contract in order to be signed-and-traded by the Knicks to the Hornets for salary-matching purposes in the three-team Karl-Anthony Towns trade. The Knicks could pay up to $850K of that amount with no cap impact — any additional buyout money on top of that would come out of Washington’s NBA salary. The veteran guard is expected to be waived by Charlotte so he can return to Partizan after the trade.
Fred Katz of The Athletic explores how the Knicks might deploy Towns in order to optimize his unique skill set and considers what assets New York still has left for a possible in-season trade.
After being traded from the Grizzlies to the Nets in July, Ziaire Williams said on Monday that he feels like “a loose bird finally let out of his cage” (Twitter video link via Erik Slater of ClutchPoints). “Some days, I just kind of felt like I was trapped,” Williams said. “I definitely feel a lot more free (here). … It’s definitely a blessing in disguise.” Brian Lewis of The New York Post takes a look at the opportunities that Williams and former lottery pick Killian Hayes have for fresh starts in Brooklyn. Williams has a guaranteed $6.1MM salary for 2024/25, while Hayes is on a non-guaranteed Exhibit 10 deal and is fighting for a roster spot.
Nets guard Cam Thomas is eligible for a rookie scale extension up until October 21, but he seems more likely to reach restricted free agency next summer than to sign a new contract before the season begins, according to Lewis. “I’m pretty sure my agent will have conversations with them, but I’m just worried about the season,” Thomas said. “This is the opportunity I’ve been wanting since I got into the league: to play, be free, so I’m just gonna make the most of it, and whatever happens, happens.”

Hornets To Receive Three Second-Rounders, Three Players In Towns Blockbuster

October 1st, 2024 at 7:31pm CST by Dana Gauruder

The Hornets are receiving three second-round picks along with DaQuan Jeffries, Charlie Brown Jr. and Duane Washington Jr. as the third team in the Knicks–Timberwolves blockbuster trade, Shams Charania, Jon Krawczynski and Fred Katz of The Athletic report (via Twitter). A pair of those second-rounders are coming from the Knicks, while the Timberwolves will provide the other one.

The Knicks, of course, are acquiring Karl-Anthony Towns in the trade, while Julius Randle, Donte DiVincenzo, Keita Bates-Diop and a protected Pistons first-round pick controlled by New York are headed to Minnesota.

The Knicks will also receive the rights to 2023 draft pick James Nnaji from Charlotte, Katz tweets.

Jeffries has appeared in a total of 64 NBA games for four different teams. He saw action in 17 games off the bench for New York last season.

Brown has appeared in NBA games for five organizations since entering the league in 2019/20. He played eight games for the Knicks last season.

Washington has played a total of 79 games for Indiana and Phoenix. Washington, who didn’t appear in an NBA game last season, signed a two-year contract with Serbia’s Partizan Belgrade in July.

ESPN’s Bobby Marks provides more details on Charlotte’s haul (Twitter link). Minnesota is shipping a 2025 second-rounder (the least favorable of Denver’s or Philadelphia’s picks). The Knicks are giving up a 2026 pick that Golden State owed them and their own 2031 second-rounder.

The trio of veteran players are involved in sign-and-trades and Charlotte will also collect a total of $7.2MM in cash from the Knicks, Marks notes. That’s the maximum amount of cash a team can trade in 2024/25, so New York won’t be permitted to sent out cash in any subsequent deals.

The cash Charlotte receives will offset the salaries of the three players, who will earn a combined $6.8MM, Marks adds (Twitter link). The Hornets are using their room exception to make those acquisitions, making them the first team to take advantage of new rules allowing teams to trade for players using the non-taxpayer mid-level, room, or bi-annual exception.

Partizan and Washington will agree to a buyout freeing him up for the sign-and-trade deal, but Charlotte plans to waive him, so he could re-sign with the Belgrade-based club, Ian Begley of SNY TV tweets.

Nnaji, the 31st pick of the 2023 draft, is a draft-and-stash prospect who struggled to get rotation minutes with Spanish powerhouse Barcelona in ’23/24. He’s playing for Spain’s Girona on loan from Barcelona this season.

As we outlined on Saturday when we discussed the cap implications of the trade for the Knicks, they’ll have just 12 players under contract once the deal is official and won’t have enough room under their hard cap to carry two more players on veteran minimum deals.

In all likelihood, they’ll carry a 13th man on a minimum-salary contract (possibly Landry Shamet) and will promote either Kevin McCullar or Ariel Hukporti to the standard roster. They’d also have the option of signing a draft-and-stash prospect as their 14th man, though most viable candidates for an NBA roster spot are under contract with teams elsewhere.

Atlantic Notes: Morris, Knicks, Embiid, George, Nets

October 1st, 2024 at 2:00pm CST by Luke Adams

Veteran forward Marcus Morris has decided not to rejoin the Knicks on a new training camp deal after being waived by New York over the weekend, tweets James L. Edwards of The Athletic. Ian Begley of SNY.tv confirms (via Twitter) that Morris has declined an offer to return to the Knicks.

Morris’ release appeared to be a logistical move that would allow the Knicks to open up the roster spots needed to complete the sign-and-trades involved in their Karl-Anthony Towns trade with Minnesota. There would be nothing stopping the veteran forward from re-signing with New York once that deal is official.

However, as Edwards explains, the financial restrictions created by the Towns trade will make Morris less likely to make the Knicks’ regular season roster, so he’s looking to join a new team before the NBA’s season begins three weeks from Tuesday.

Here’s more from around the Atlantic:

The Knicks made a series of splashy, ill-fated roster moves earlier in the 21st century, but the trade for Towns is something different, according to Howard Beck of The Ringer, who makes the case for why this big swing actually makes sense for the organization.
Having expressed on Monday that his number one goal this season is to make sure he’s healthy for the playoffs, Sixers center Joel Embiid told reporters that the quality and depth of the team’s roster should take some pressure off him during the regular season, as Aaron Carter of The Philadelphia Inquirer relays. “In the past, I felt like I had to (take over),” Embiid said. “This year, I don’t think I’m going to have to do it, unless I have to do it. So I really have a lot of confidence in these guys to figure it out and for me to just use myself as a decoy to allow (them) to be themselves and be good at what they do best.”
Discussing his fit in Philadelphia, new Sixers wing Paul George said this will be the first time that he’s played alongside “an elite point guard and elite big man all at once,” per Keith Pompey of The Philadelphia Inquirer. Like Embiid, George is bullish on the idea that the Sixers’ stars and quality role players can all make life easier for one another. “Having the floor spaced around (Tyrese Maxey) and myself, being able to play off a big man and play in transition with Tyrese, I think all three of us can flow and make the game easy for all of us,” George said. “I love sharing the ball and I love being aggressive to score. So I kind of think all three of us look at the game the same way.”
The Nets are using an unflattering over/under line from oddsmakers (19.5 wins) as motivation as they prepare for the 2024/25 season, writes Brian Lewis of The New York Post. “I find it disrespectful. Just because we’ve got a lot of guys that people don’t know doesn’t mean we’re going to win just 19 games,” center Day’Ron Sharpe said on Monday. “You can’t be one foot out and one foot in. I’m trying to win as many games as possible and a lot of people are going to doubt us and we’re gonna show them.”

Atlantic Notes: Embiid, Drummond, Bridges, Celtics

September 30th, 2024 at 3:06pm CST by Luke Adams

Sixers center Joel Embiid told reporters at Monday’s media day that he has dropped “25 to 30 pounds” during the offseason and that staying healthy in 2024/25 is his number one goal entering this fall, writes Tim Bontemps of ESPN.

“I still got a ways to go. I still want to lose more, but it’s a process,” Embiid said. “As soon as we lost last year, I just texted (Sixers president of basketball operations Daryl Morey) and I was like, ‘We got to do whatever it takes to make sure that in the postseason I’m healthy.’ So this year is all about (that).”

Embiid has made seven straight All-Star teams and five total All-NBA teams in addition to winning a pair of scoring titles and 2023’s Most Valuable Player award. While he has expressed pride in some of those accolades in the past, he made it clear on Monday that individual awards are far down his list of goals in 2024/25.

“There’s no agenda, there’s no All-Star, there’s no All-NBA, there’s none of that,” Embiid said. “It’s whatever it takes to make sure that I get to that point and I’m ready to go because … basically every single year in my career, I’ve been hurt in the playoffs. So that’s the goal, and it’s all about doing whatever it takes to get there.”

Adding a star like Paul George and so many other players to the roster will require an adjustment period this fall, so it’s not as if the Sixers can put Embiid in bubble wrap until the spring. Morey acknowledged on Monday that finding a balance between managing the star center’s minutes and making sure the new-look roster has plenty of opportunities to establish chemistry will be important.

“We’re going to be really smart about it,” Morey said. “Obviously, we’re very focused on April, May and June. That doesn’t mean that the time right now isn’t very important as well, but we’re going to be very smart about how we manage him through the season. There’s going to be a lot of information, as we learn about how everything’s working with the entire roster.

Here’s more from around the Atlantic:

Appearing at the Sixers‘ media day on Monday, veteran center Andre Drummond reiterated his belief that he’s “the best rebounder to ever play the game,” as Sean Barnard of Fox Sports The Gambler in Philadelphia relays (via Twitter). As we noted last September when Drummond made a similar claim, his career rebounding percentage (25.1%) ranks first in NBA history.
Speaking on the most recent episode of the Hoop Collective podcast (YouTube link), ESPN’s Bobby Marks says he doesn’t expect Knicks forward Mikal Bridges to sign a contract extension prior to the start of the season. “The indication I’ve gotten just from talking to people is that there is not going to be an extension, that he will wait until next year to look at what the extension,” Marks said (hat tip to RealGM). “… Because he’s limited as far as the six-month rule as far as what he can extend for. Next year, he can extend for four years. It just gives him more flexibility. That could certainly change by October 21st. Maybe this (Karl-Anthony Towns) trade does change that thinking. This was talking to people before this trade happened.” As Marks alludes to, the most lucrative extension Bridges can sign before this season is for two years and about $61MM. Next offseason, he could get up to $156MM over four years.
The Celtics‘ sale process is expected to begin accelerating this week, a source tells Adam Himmelsbach of The Boston Globe. According to Himmelsbach, the banks facilitating the sale are set to contact a group of individuals that includes both potential buyers who have expressed interest in the team and “other qualified buyers who have been targeted by the sale facilitators.”

Knicks Notes: Brunson, Bridges, Hart, Towns, Anunoby

September 30th, 2024 at 12:01pm CST by Arthur Hill

The Knicks‘ three major trades in the past nine months — bringing in OG Anunoby, Mikal Bridges and Karl-Anthony Towns — were a result of seeking out the best possible players to complement Jalen Brunson, writes James L. Edwards of The New York Post. As Edwards points out, when the front office began to spend the collection of draft assets and young talent it had built up, it didn’t settle for just any 3-and-D wings or floor-spacing big men. It got three of the best players on the market.

“I haven’t really processed it,” Brunson responded at Monday’s media day when asked about how the team has been built around him. “Yeah, we’ll cross that bridge when we get to it, but I just know that we have a lot of guys who are hungry and willing to do whatever it takes. I would never consider myself (a face of the franchise). There are definitely people on the outside who can say it if they want, but I’m a leader of this team, I want to lead this team and I’m grateful of the opportunity. I don’t take this for granted.”

The collection of talent in New York not only makes the Knicks a legitimate title contender for the first time in years, it could turn Brunson into a serious MVP candidate, Edwards notes. Bridges, his former teammate at Villanova, hasn’t been surprised by Brunson’s NBA success.

“I knew throughout college, but I really knew when he signed (with the Knicks),” Bridges said. “I knew what he was going to do, especially in the league we play in. Him having the ball and being able to be ball dominant … his efficiency is out of the roof. I knew what he was going to be able to do with the ball in hands here, more than what he was able to do in Dallas.”

There’s more from media day in New York:

Brunson talked about the difficulty of losing Julius Randle and Donte DiVincenzo, who are being sent to Minnesota in the Towns trade, per Justin Tasch of The New York Post. “That was definitely tough. Thankful that Julius welcomed me with open arms here. That news, it was crazy,” Brunson said. “I’m really thankful for them and their friendships and everything and what they brought to this team. Really thankful I got to get a relationship with Julius. The memories we made together was really fun. Donte, he was a groomsman in my wedding. That should tell you everything you need to know about our relationship. Love him to death.”
Bridges brushed aside media day questions about a potential contract extension, but said he’s looking forward to teaming up with Towns once the trade is finalized, per Adam Zagoria (Twitter link). “I like KAT, man, I played against him for years,” Bridges said. “He can stretch the floor. You forget until you stand next to him just how tall he is. He’s tall as hell. Obviously a great player.”
Josh Hart is also ready to get the trade done so Towns can report to camp, saying, “We’re extremely excited with what we have — officially and unofficially, and we’re excited to get started,” Zagoria adds (Twitter link). Hart stated that being dealt to Minnesota is probably “difficult” for Randle because of the role he played in helping the Knicks become competitive again.
Anunoby, who got a new five-year, $212.5MM contract this summer, indicated that re-signing with the Knicks was his first choice all along, tweets Ian Begley of SNY. “I always wanted to be here, so it wasn’t a hard decision for me,” Anunoby said.

Northwest Notes: Blockbuster Trade, Clingan, Avdija, SGA, Holmgren

September 29th, 2024 at 5:27pm CST by Dana Gauruder

The three-team blockbuster deal that would send Karl-Anthony Towns to the Knicks and Julius Randle and Donte DiVincenzo to the Timberwolves is still on track but has not been completed, Ramona Shelburne of ESPN tweets.

The expectation is that the deal, which also includes the Hornets, will become official early this week, Shelburne adds. Thus, the players in the deal won’t be at their respective training camps when they open on Monday.

We have more from the Northwest Division:

With the Trail Blazers about to open camp, Sean Highkin of The Rose Garden Report explores the five biggest storylines heading into the season. That includes the learning curve for lottery pick Donovan Clingan, the backcourt rotation, and how offseason acquisition Deni Avdija will fit in.
In a similar theme, Rylan Stiles of Sports Illustrated takes a look at one question that each Thunder player must answer as they head into training camp as the Western Conference favorites. Some of the topics Stiles explores is whether Shai Gilgeous-Alexander can add a 3-point shot to round out his offensive game, whether Chet Holmgren will experience an offensive uptick and what role newcomer Isaiah Hartenstein will play.
In another Thunder-related story, Joel Lorenzi of The Oklahoman lists a number of potential starting lineups they could employ and the strengths of each of those combinations. He also looks at a number of combinations the coaching staff could use during the course of the game.

New York Notes: Towns Trade, Knicks, Simmons, Nets

September 29th, 2024 at 8:43am CST by Rory Maher

The Knicks are still working through the details of their blockbuster trade for Karl-Anthony Towns, which has yet to be finalized. Why did they choose to go all-in on the 28-year-old big man?

For starters, president of basketball operations Leon Rose was Towns’ representative when he was the head agent at CAA, notes Ian Begley of SNY.tv. Knicks executive William Wesley is also close with the Towns family, per Begley — clearly there’s an affinity between the two sides.

As Begley writes, the Knicks view Towns as an ideal complementary piece to their core roster, particularly on offense with Jalen Brunson. Towns’ presence should create more driving lines for Brunson and make it more difficult for opponents to trap him.

Begley confirms New York has coveted Towns for some time, but trade talks with Minnesota didn’t pick up steam until the Knicks signaled a willingness to include Donte DiVincenzo in the package. Begley isn’t sure why the Knicks changed their mind — they were opposed to dealing DiVincenzo for the majority of the offseason.

According to Begley, DiVincenzo wasn’t thrilled with the idea of playing a reduced role this season after he had a career year in 2023/24. Still, Begley doesn’t think that had much to do with New York’s decision. He speculates that Julius Randle‘s contract situation (he can be a free agent in 2025 if he declines his 2025/26 player option) and Mitchell Robinson‘s injury absence were likely bigger factors.

Here’s more on the two New York-based teams:

While all eyes will be on Towns with training camp about to begin, Stefan Bondy of The New York Post believes Mikal Bridges is the “most intriguing” player the Knicks acquired this offseason. Bondy projects a starting lineup of Brunson, Bridges, Josh Hart, OG Anunoby and Towns, with Miles McBride likely the team’s sixth man. With major roster changes and some players coming off injuries, Bondy expects the Knicks to look sluggish in preseason.
Ben Simmons‘ health is the biggest storyline to watch for the Nets as they enter training camp, writes Brian Lewis of The New York Post. Simmons has appeared in just 57 of 246 regular season games over the past three seasons — including 15 in 2023/24 — and is coming off a second back surgery. However, he’s fully cleared for camp and has been one of the team’s standouts in pickup games, sources tell Lewis. Second-year big man Noah Clowney and offseason acquisition Ziaire Williams are two other players who have played well in informal games ahead of camp, Lewis adds.
In a pair of stories for The New York Post, Lewis examines the other Nets storylines ahead of training camp and provides a rundown of their 20-man roster, which is one player shy of the offseason limit.

Knicks Waive Marcus Morris, Chuma Okeke

September 28th, 2024 at 4:48pm CST by Arthur Hill

The Knicks have placed forwards Marcus Morris and Chuma Okeke on waivers, the team announced on Twitter.

Both players had non-guaranteed camp contracts, so New York won’t have any future financial obligations to either of them. Morris signed an Exhibit 9 deal two weeks ago, while Okeke inked an Exhibit 10 contract in August.

The moves are a prelude to the looming Karl-Anthony Towns trade with Minnesota. As our Luke Adams explained this morning, the Knicks’ financial situation will likely require multiple sign-and-trade deals before Towns can be acquired, so roster spots had to be opened to make those moves possible.

Morris, 35, is a 13-year NBA veteran. He split last season between Philadelphia and Cleveland, averaging 6.4 points and 2.7 rebounds in 49 total games.

Okeke, 26, spent the past four season with Orlando after being selected with the 16th pick in the 2019 draft. He averaged 2.3 points and 1.7 rebounds in 47 games with the Magic last season.

It’s unclear whether or not the Knicks plan to bring back Morris and/or Okeke after the Towns trade is officially completed.

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