New York Knicks Rumors | Hoops Rumors

Knicks Sign Obi Toppin To Rookie Deal

November 23rd, 2020 at 11:39am CST by Alex Kirschenbaum

The Knicks have announced (via Twitter) that they have inked their 2020 No. 8 lottery pick Obi Toppin to his rookie contract.

The former Dayton forward will earn $4,862,040 in his rookie year and about $22.1MM over the first four years of his NBA career, unless he accepts a deal worth less than the maximum allowable 120% of the rookie scale. A full list of anticipated rookie scale salary figures is viewable here.

The 22-year-old 6’9″ Brooklyn native played two years for Dayton, averaging 20.0 PPG, 7.5 RPG, and 2.2 APG across 31 games during his sophomore season (all starts). Toppin was named the Atlantic 10 Player of the Year and the National College Player of the Year in 2019/20.

Toppin marks the first draft pick of new Knicks team president Leon Rose, and will join new head coach Tom Thibodeau‘s revamped New York roster for the 2020/21 season. This offseason, the Knicks appear to be mostly in asset-gathering mode, having made two deals to turn Ed Davis into three future second-round picks and having avoided signing big-money free agents like Fred VanVleet or Gordon Hayward or (thus far) trading for frustrated Rockets All-Star Russell Westbrook.

Jazz Trade Ed Davis To Knicks

November 23rd, 2020 at 9:46am CST by Luke Adams

NOVEMBER 23: The Jazz have issued a press release officially confirming that they’ve sent Davis and two future second-rounders to New York in exchange for cash considerations.

Now that the move is official, it clears the path for the Knicks to flip Davis to Minnesota in an agreed-upon deal with the Timberwolves.

NOVEMBER 19: The Jazz have reached an agreement to trade veteran big man Ed Davis to the Knicks, league sources tell Tony Jones of The Athletic (Twitter link). New York will also receive a pair of 2023 second-round pick in the deal, per Adrian Wojnarowski and Brian Windhorst of ESPN (Twitter link).

Davis, who signed a two-year, $9.8MM deal with the Jazz a year ago, didn’t end up being relied upon as a regular part of the club’s rotation. He appeared in just 28 contests, logging 10.8 MPG and establishing new career lows in PPG (1.8) and RPG (3.8).

Davis is owed a guaranteed $5MM salary for the 2020/21 season, so this is essentially a salary dump for the Jazz, who are hoping to re-sign Jordan Clarkson and maintain enough cap flexibility to utilize their full $9.3MM mid-level exception. The Knicks will have upwards of $40MM in cap room in free agency, so they’ll have no problem taking on Davis’ contract.

After acquiring the Pistons’ 2023 second-round in last night’s draft, the Knicks will pick up two more second-rounders for that draft in this swap. It seems the team’s focus on ’23 is no accident — Marc Berman of The New York Post suggested earlier today (via Twitter) that the Knicks “really love” the 2023 draft, which they believe will be the first without the one-and-done rule in place, allowing high-schoolers to enter.

Rose Shows Patience By Passing On This Year's Top Free Agents

November 22nd, 2020 at 9:57pm CST by Dana Gauruder

New Knicks president Leon Rose has exuded patience during free agency with an eye toward next offseason’s potentially star-studded free agent class, according to Steve Popper of Newsday. Though the Knicks had some interest in Fred VanVleet and Gordon Hayward, they were not going to shell out the money and multi-year contracts that those top-level free agents received. New York could still trade for Russell Westbrook if the Rockets’ asking price drops but Rose isn’t inclined to make any panic moves, Popper adds.

The Knicks will retain big man Omari Spellman and he’s got a pretty good shot to make the opening-night roster, Marc Berman of the New York Post tweets. New York has an agreement to acquire Spellman, shooting guard Jacob Evans and the rights to a future second-round pick from the Timberwolves in exchange for Ed Davis. Berman’s note indicates Spellman’s salary wasn’t simply thrown in to make a trade work.

Free Agency Rumors: Ibaka, Iwundu, Hernangomez, Bazemore

November 22nd, 2020 at 8:08pm CST by Alex Kirschenbaum

Big man Serge Ibaka was not bereft of contending suitors in free agency, according to Michael Scotto of HoopsHype. Scotto notes that the Raptors, the team with whom Ibaka spent most of the last four seasons, apparently offered a one-year, $12MM deal to Ibaka for an encore appearance in 2020/21. Toronto was believed to be unwilling to offer multiple years, which would have cut into the team’s projected 2021 cap space.

The Nets also wanted Ibaka, but could only afford a taxpayer mid-level exception, which would have started at $5.7MM this season. Ibaka ultimately inked a two-year, $19MM contract with the Clippers.

Here are more free agency rumors:

Though swingman Wesley Iwundu ultimately opted to sign a two-year, veteran’s minimum contract with the Mavericks, the Hawks, Pelicans and Kings were also in the running for Iwundu’s services this offseason, Scotto reports in the same piece.
The Mavericks and Kings also considered adding reserve center Willy Hernangomez before he agreed to terms with the Pelicans on a one-year, veteran’s minimum deal, per Scotto. Hernangomez’s 2019/20 club, the Hornets, also apparently wanted to re-sign the 26-year-old big man.
Scotto reports that former Kings wing Kent Bazemore also found himself in high demand this offseason before agreeing to a one-year veteran’s minimum deal with the Warriors. The Lakers, Clippers, Bucks, Celtics, Suns, Knicks, Nets, and Hornets were all interested in adding the three-and-D vet this offseason.

Knicks, Austin Rivers Agree To Three-Year Deal

November 22nd, 2020 at 7:15pm CST by Alex Kirschenbaum

7:15pm: The second and third years of Rivers’ new deal will be non-guaranteed, sources tell Ian Begley of SNY.tv (Twitter link).

6:23pm: Following up on his initial report, Wojnarowski says (via Twitter) that Rivers will actually get a three-year deal from the Knicks. It’ll be worth $10MM, Woj adds.

5:08pm: The Knicks have agreed to add free agent combo guard Austin Rivers to their rotation on a one-year deal, according to Adrian Wojnarowski of ESPN (Twitter link). Mike Vorkunov of The Athletic (via Twitter) observes that this brings New York to 15 total roster spots, including another new addition, center Ed Davis.

Knicks head coach Tom Thibodeau has long been a fan of Rivers, according to Frank Isola of ESPN (Twitter link). Selected by the Pelicans with the 10th pick out of Duke in 2012, the 6’3″ Rivers has developed into a solid reserve scoring guard.

He also had stops with the Clippers and Wizards, before turning in memorable performances on competitive Rockets teams during parts of the last two seasons. In 68 games for the Rockets last season, Rivers added 8.8 PPG, 2.6 RPG, and 1.7 APG. He had a respectable shooting line of .421/.356/.703.

According to Stefan Bondy of the New York Daily News (Twitter link), Rivers is one of eight players with ties to either CAA or the University of Kentucky added by new Knicks GM Leon Rose via draft, trade or free agency.

Knicks, Lakers Exploring JaVale McGee Trade

November 22nd, 2020 at 2:55pm CST by Luke Adams

As the Lakers look to clear some salary to strengthen their offer to free agent center Marc Gasol, the Knicks have emerged as a potential trade partner in a possible deal involving JaVale McGee, sources tell Marc Stein of The New York Times (Twitter link).

Due to their hard-cap constraints, the Lakers are probably limited to only offering Gasol a one-year, minimum-salary deal for the time being. Clearing some salary would allow them to offer Gasol more than the minimum if the Raptors are willing to do a sign-and-trade. It would also allow them to offer a two-year minimum deal (which carries a higher first-year cap hit), as John Hollinger of The Athletic notes (via Twitter).

If the Knicks are going to take on McGee’s contract using their cap room, they’ll need some sort of sweetener. As Michael Scotto of HoopsHype points out (via Twitter), New York got two second-round picks from Utah for taking on Ed Davis‘ $5MM expiring deal and would likely seek a similar haul for accepting McGee’s $4.2MM expiring contract.

The Lakers, who will probably only make a deal if they have an agreement lined up with Gasol (or another free agent), would have to decide how much they’re willing to pay in extra assets to upgrade from McGee at center.

The Knicks have been prioritizing 2023 second-round picks in trades this week, having already acquired – or agreed to acquire – three of them. The team reportedly expects that to be the first draft that high school players will once again permitted to enter, which would make for an extra-talented class. I imagine if a McGee deal gets done between the two teams, the Knicks may well come out of it with the Lakers’ 2023 second-rounder.

Theo Pinson Returning To Knicks On Two-Way Deal

November 22nd, 2020 at 11:51am CST by Arthur Hill

NOVEMBER 29: Pinson’s two-way deal with the Knicks is now official, the team tweets.

NOVEMBER 22: The Knicks will sign Theo Pinson to a two-way contract, tweets Bobby Marks of ESPN.

New York claimed Pinson off waivers in June, but he became a free agent on Thursday when the Knicks turned down their team option for 2020/21.

The 25-year-old shooting guard spent the past two years with the Nets. He got into 33 games last season, averaging 3.6 PPG in about 11 minutes per night.

The Knicks created a two-way opening by waiving Kenny Wooten earlier this week. They made a qualifying offer to Jared Harper, who could return to fill the other two-way slot.

Knicks Sign Nerlens Noel To One-Year Contract

November 21st, 2020 at 7:45pm CST by Arthur Hill

NOVEMBER 25: The Knicks have officially signed Noel to his one-year deal, the team announced today in a press release.

NOVEMBER 21: Free agent big man Nerlens Noel has agreed to sign a one-year contract with the Knicks, according to Adrian Wojnarowski of ESPN (Twitter links), who hears from Noel’s agents at Klutch Sports that it’ll be worth $5MM.

A lottery pick in 2013, Noel is now with his fourth organization. He has served as a back-up to Steven Adams in Oklahoma City for the past two years and averaged 7.4 points and 4.9 rebounds per game last season.

Noel, 26, is a former star at Kentucky and credits Knicks assistant Kenny Payne with helping him develop his game, tweets Stefan Bondy of The New York Daily News. Payne left the Wildcats in August to join Tom Thibodeau’s new staff.

Knicks To Re-Sign Elfrid Payton

November 21st, 2020 at 4:24pm CST by Arthur Hill

NOVEMBER 29: The Knicks’ deal with Payton is now official, Marc Berman of the New York Post tweets.

NOVEMBER 27: Shortly after clearing waivers this afternoon, Elfrid Payton has reached a deal to return to the Knicks, his agents at CAA tell ESPN’s Adrian Wojnarowski (Twitter link).

New York waived Payton on Thursday and paid a $1MM partial guarantee on his previous contract rather than giving him the full amount of $8MM. Payton will receive $5MM for one season on his new pact, per Wojnarowski.

Given the reported price of Payton’s new deal, it’s possible the Knicks will look to fit him into their room exception ($4.77MM). In that scenario, the team would still have approximately $29MM in cap room to use, without Payton cutting into it. If he gets any amount over $4.77MM, he’ll have to be re-signed using some of that cap space.

Payton got the most use of New York’s point guard options last season, starting 36 of the 45 games he played. He averaged 10.0 points and 7.2 assists per game, but shot just 43.9% from the field and 20.3% from three-point range.

If they don’t make any more moves at the position, the Knicks will have the same three players at point guard as they did a year ago, with Payton battling Frank Ntilikina and Dennis Smith Jr. for playing time, and it will be up to new coach Tom Thibodeau to sort them out.

Rockets Claim Kenny Wooten Off Waivers

November 21st, 2020 at 4:10pm CST by Arthur Hill

Kenny Wooten has been claimed off waivers by the Rockets, two days after being let go by the Knicks, tweets Shams Charania of The Athletic.

The 22-year-old forward had a two-way contract in New York running through the 2020-21 season that Houston will inherit, although the Rockets can change it to a standard NBA deal or negotiate a longer agreement. Houston filled one of its two-way slots earlier this week by signing Mason Jones.

Wooten signed with the Knicks last fall after going undrafted out of Oregon, but didn’t get into any NBA games. A shot-blocking specialist, he averaged 3.6 rejections per game, along with 7.7 points and 6.1 rebounds, for the Westchester Knicks in the G League.

Wooten could be a cheap source of talent for the Rockets, who are hard-capped after a sign-and-trade deal for Christian Wood and will rely mostly on minimum-salaried players to fill out their roster.