New York Knicks Rumors | Hoops Rumors

Knicks Sign M.J. Walker To Exhibit 10 Contract

August 20th, 2021 at 5:31pm CST by Luke Adams

AUGUST 20: The Knicks have officially signed Walker, the team tweets.

AUGUST 2: The Knicks have reached an agreement to sign former Florida State shooting guard M.J. Walker to an Exhibit 10 contract, reports Jordan Schultz of ESPN (Twitter link).

Walker, who went undrafted last Thursday, averaged 12.2 PPG, 2.5 APG, and 2.5 RPG in 24 games (29.0 MPG) as a senior in 2020/21. He posted an impressive three-point shooting percentage of 42.3% and earned a spot on the All-ACC Second Team.

Walker is the second undrafted rookie reported to have reached a contract agreement with the Knicks, who also lined up a training camp deal for Clemson’s Aamir Simms.

An Exhibit 10 contract will put Walker in position to either have his deal converted to a standard contract or two-way deal if he makes the team. If not, he could earn a bonus worth up to $50K by joining the Westchester Knicks, New York’s G League affiliate.

Free Agent Moves Came With Flexibility

August 20th, 2021 at 10:03am CST by Arthur Hill

The Knicks emphasized flexibility in nearly all their free agency moves, notes Ian Begley of SNY.tv. Contracts for Evan Fournier, Derrick Rose, Alec Burks and Nerlens Noel all have team options for the final season, while Taj Gibson‘s two-year deal is non-guaranteed for the second season. New York will have the chance to create some cap space in 2023, Begley adds.

Bacon's Contract Isn't Guaranteed

August 19th, 2021 at 6:54pm CST by Dana Gauruder

Dwayne Bacon‘s contract with the Knicks is non-guaranteed, Bobby Marks of ESPN tweets. Bacon signed a one-year, minimum-salary deal after being waived by Orlando.

Knicks Sign Dwayne Bacon

August 19th, 2021 at 7:33am CST by Alex Kirschenbaum

AUGUST 19: The Knicks have officially signed Bacon, according to RealGM’s transactions log. It’s a one-year, minimum-salary contract, and I’d be surprised if it’s fully guaranteed.

AUGUST 9: After being waived by the Magic on Sunday, free agent shooting guard Dwayne Bacon appears to have lined up a new home elsewhere in the Eastern Conference. The Knicks are set to sign Bacon on a new deal, reports Tim Bontemps of ESPN (via Twitter).

Bacon, 25, spent his first three NBA seasons with the Hornets and their NBAGL affiliate, the Greensboro Swarm.

He then signed on with the Magic in 2020, proving his durability by appearing in every single game for Orlando during the 72-game 2020/21 NBA season, including 50 starts. He averaged 10.9 PPG, 3.1 RPG, 1.3 APG and 0.6 SPG in 25.7 MPG for a lottery-bound Orlando squad. Bacon sported a shooting line of .402/.285/.824.

As Bobby Marks of ESPN (Twitter link) notes, the Knicks’ roster currently projects to include 14 guaranteed deals, one non-guaranteed contract (Argentinian point guard Luca Vildoza), and one player on a two-way contract (rookie forward Jericho Sims). It’s unclear whether Bacon will receive a full or partial guarantee on his new deal.

Of course, before he can sign with the Knicks, Bacon will need to clear waivers. That will happen on Tuesday, assuming he goes unclaimed.

Knicks Sign Aamir Simms To Training Camp Deal

August 19th, 2021 at 7:32am CST by Arthur Hill

AUGUST 19: Simms’ deal with the Knicks is now official, per RealGM’s transactions log.

JULY 30: Undrafted rookie Aamir Simms will sign with the Knicks, tweets Adrian Wojnarowski of ESPN. Woj doesn’t offer specifics on the deal, but it will likely be an Exhibit 10 contract, which is frequently given to camp invitees.

The 6’8″ power forward spent four years at Clemson, averaging a career-best 13.4 points per game as a senior, along with 6.4 rebounds and 2.7 assists. He opted to skip an extra year of eligibility being offered by the NCAA and declare for the draft.

He was a third-team All-ACC selection as a junior and a second-team choice as a senior.

Simms’ deal with New York can become official once the NBA’s new league year begins next week.

Knicks Notes: Fournier, Gibson, Rose, Burks

August 18th, 2021 at 4:41pm CST by Luke Adams

The Knicks have formally announced many of their offseason free agent signings in recent days, with new deals for Evan Fournier, Alec Burks, Derrick Rose, and Taj Gibson all becoming official.

We’re still waiting on the team to finalize its four-year extension for Julius Randle, along with some minor signings like Dwayne Bacon. But the flurry of transactions this week means that we now have details on several of the Knicks’ new contracts. Let’s dive in and round them up…

As we relayed earlier today, Evan Fournier has $1.5MM per year in unlikely incentives on his new four-year deal. According to ESPN’s Bobby Marks (Instagram video), the majority of those bonuses are related to team success — Fournier would earn an extra $1MM, for instance, if the Knicks were to win the title. There are also bonuses related to All-Star and All-NBA nods, which are a long shot to be earned.
Taj Gibson‘s new two-year deal features a team option for the 2022/23 season, according to Marks.
Marks says the cap hits on Derrick Rose‘s new three-year contract are $13.4MM, $14.5MM, and $15.6MM. Those are likely rounded figures, as the most the Knicks could’ve offered Rose using his Early Bird rights was approximately $13.445MM in year one, $14.521MM in year two, and $15.596MM in year three. The deal, which includes a third-year team option, comes in at about $43.56MM.
Keith Smith of Spotrac tweets the details of Alec Burks‘ three-year, $30MM+ contract, which are identical to what Burks would’ve received if he were signed using the non-taxpayer mid-level exception. The Knicks used cap room to sign Burks, but as Marks observes, they may have structured the agreement that way early in free agency in case they found a way to stay over the cap all offseason and needed the MLE for Burks.

Details On Evan Fournier's Contract, Celtics' TPE

August 18th, 2021 at 2:03pm CST by Luke Adams

Originally reported as being a four-year deal that could be worth up to $78MM, Evan Fournier‘s new contract with the Knicks could actually max out at $79MM, but only has a base value of $73MM, according to breakdowns from Bobby Marks of ESPN and Keith Smith of Spotrac (Twitter links). The deal, which has a fourth-year team option, includes $1.5MM in annual unlikely incentives that account for that $6MM difference.

The exact value of Fournier’s first-year salary is $17,142,857, according to Smith. That figure is important because the traded player exception created by the Celtics in their sign-and-trade of Fournier to the Knicks is equivalent to that amount. Boston will have until the 2022 offseason to use that $17.14MM trade exception.

Knicks Re-Sign Taj Gibson To Two-Year Contract

August 18th, 2021 at 7:06am CST by Luke Adams

AUGUST 18: The Knicks have officially re-signed Gibson, per NBA.com’s transactions log.

AUGUST 17: The Knicks and veteran big man Taj Gibson have reached an agreement to adjust the terms of the deal they initially agreed upon two weeks ago, reports ESPN’s Adrian Wojnarowski (Twitter link).

Gibson, who had been set to sign a one-year, minimum-salary deal, will actually receive a two-year deal worth $10.1MM, agent Mark Bartelstein tells Wojnarowski.

The Knicks have been slowly completing their offseason signings, starting with Nerlens Noel, Kemba Walker, and – most recently – Evan Fournier. New deals for Derrick Rose, Alec Burks, and Gibson have yet to be announced as New York determines the best way to maximize its cap space.

We’ll have to wait for more details on the adjustment to Gibson’s deal, but it sounds as if the Knicks determined they were in position to accommodate a slightly more lucrative salary for the 36-year-old. It’s a win-win for Gibson, who gets rewarded for his locker-room leadership over the last two seasons, and for the Knicks, who will now have a more tradable contract on the books without sacrificing any real cap flexibility.

The Knicks will use their room exception to complete the signing, as Bobby Marks of ESPN confirms (via Twitter). That exception allows for a two-year deal worth $10,065,500. New York had Early Bird rights on Gibson, but renounced him earlier in free agency in order to maximize cap room.

Gibson appeared in 45 games for the Knicks during the 2020/21 season, averaging 5.4 PPG and 5.6 RPG in 20.8 minutes per contest. He figures to provide depth up front behind centers Mitchell Robinson and Noel next season.

Knicks Re-Sign Derrick Rose To Three-Year Deal

August 18th, 2021 at 7:04am CST by Alex Kirschenbaum

AUGUST 18: Rose has officially re-signed with the Knicks, according to NBA.com’s transactions log.

AUGUST 2: Knicks combo guard Derrick Rose will return to Madison Square Garden on a three-season, $43MM contract, reports Adrian Wojnarowski of ESPN (via Twitter).

Rose, 32, is set to re-join New York after a successful 2020/21 season with the club. The Knicks pried Rose away from the Pistons early in the year, and Rose quickly ascended the ranks within the team’s guard rotation, playing major minutes for a playoff-bound New York team, led by Rose’s former coach with the Bulls and Timberwolves, Tom Thibodeau.

After the trade, Rose suited up for 35 regular season contests with New York, averaging 14.9 PPG, 4.2 APG, 2.9 RPG and 0.9 SPG in 26.8 MPG for the team. The 6’2″ vet connected on 48.7% of his field goal attempts, including a solid 41.1% on 2.6 three-point attempts a night, while nailing 88.3% of his free-throws.

Rose elevated his play in the Knicks’ first-round playoff series against the Hawks, eventually stepping into the starting lineup for the team’s final three games of the series. He averaged 19.4 PPG, 5.0 APG, and 4.0 RPG across 35.0 MPG.

Rose, a former three-time All-Star and the 2011 MVP before his career trajectory was permanently altered by a series of severe knee injuries, was first traded to the Knicks from the Bulls ahead of the 2016/17 season. He then played for the Cavaliers and Timberwolves before inking a two-year contract with the Pistons in 2019.

Atlantic Notes: Smart, Embiid, Madar

August 17th, 2021 at 9:01pm CST by Eli Cohen

Marcus Smart‘s extension with the Celtics puts him at the intersection of being a franchise cornerstone and on the trade block, writes Jared Weiss of The Athletic.

As Weiss observes, the timing of Smart’s deal – during Summer League as opposed to right before the regular season – points to the possibility of his inclusion in a superstar deal, as the usual moratorium on trading players off an extension has been changed from six to five months due to the shortened offeason. As a result, Smart will be trade-eligible before the 2022 deadline.

Weiss adds that the Celtics wouldn’t make this deal strictly for trade purposes, noting that it’s also an indication of their belief in the gritty guard and that Smart and new head coach Ime Udoka are a match made in heaven.

“He has that edge and toughness about him,” Udoka said of Smart soon after being hired. “The things he brings to your team are the things you’d love every player to bring.”

Udoka also called Smart the heart and soul of the team. The four-year, $77.1MM extension is a bet that that’s still true even if he’s given the added responsibility of leading the team’s offense.

We have more news from the Celtics:

Chris Forsberg of NBC Sports Boston has similar thoughts, writing that – rather than preventing the Celtics from adding another big name – the Smart extension actually opens up multiple pathways for a deal to be made. Forsberg adds that despite the Celtics signing Dennis Schroder, Smart should be considered the best bet to be the team’s starting point guard entering the season, and that much of the Celtics’ ceiling as a team will revolve around how the trio of Smart, Jayson Tatum and Jaylen Brown is able to function together with Smart at the helm.
Joel Embiid‘s super-max extension does more than just lock up the Sixers’ All-NBA center through 2027, writes Kyle Neubeck of The Philly Voice. It also sends a message of stability and desirability to stars around the league as president Daryl Morey continues to shop Ben Simmons and hunt for a second superstar to pair with Embiid. Neubeck adds there were rumors the Knicks hoped to pair Embiid and Damian Lillard once Embiid’s contract ended in 2023, which is now off the table.
Partizan Belgrade is “very close” to a deal with Celtics stash pick Yam Madar to a two-year deal, according to a MozzartSport report (hat tip to Sportando). The Serbian team would pay $250K for Madar’s buyout with current team Hapoel Tel Aviv. It was previously reported that Madar was likely to sign with Ratiopharm Ulm.