Knicks Rumors

Jalen Brunson Signs Four-Year Extension With Knicks

July 12th, 2024 at 4:55pm CST by Tristan Tucker

4:55pm: Brunson’s extension with the Knicks is now official, according to a team press release (Twitter link).

“Jalen signing his extension to remain with the Knicks for the long-term shows the dedication and passion he has for the organization, the fans and this city,” Knicks president Leon Rose said in a statement. “Jalen has often called the Knicks his family and we are beyond proud to have him wear and represent our orange and blue for years to come. Jalen has embraced every challenge since he’s come to New York and has been committed since day one to the vision and plan we set forth for the future of this team.

“Since Jalen joined us two years ago, he has consistently led by example and continues to show a willingness to sacrifice for this organization, his teammates and everyone in the Knicks family.”

4:10pm: Knicks star guard Jalen Brunson has agreed to a four-year, $156.5MM contract extension, Adrian Wojnarowski of ESPN reports (Twitter link).

As Wojnarowski observes, the deal is a massive financial concession for a contender, since Brunson could have been eligible for a five-year, $269MM deal next offseason. By signing an extension now, Brunson is allowing the Knicks to maintain some spending power to retain a contending core — highlighted by Brunson, Julius Randle, OG Anunoby, Mikal Bridges, Josh Hart and more — for at least the next few seasons.

Because Brunson can’t receive more than a 40% raise on his 2024/25 salary of $24,960,001 in the first year of an extension, his new deal will start at $34,944,001 in ’25/26, replacing the player option on his current contract.

It’s an unprecedented move for the All-Star guard who finished fifth in MVP voting last season. The deal does cost Brunson $37.1MM over the next three years, but there’s a way for the Villanova product to recoup the value he’s sacrificing in the short term down the line. Brunson’s deal includes a fourth-year player option. He could sign a four-year, $323MM extension in 2028 or a new, five-year, $418MM deal in 2029.

The Knicks signaled their belief in this being a championship core when they traded multiple first-round picks to acquire Bridges earlier this summer. Bridges is only under contract for two more seasons at a modest AAV of $24.1MM over those two seasons. With Brunson taking this short-term paycut, the Knicks have more flexibility to re-up Bridges for the long term. Bridges is eligible for a four-year, $156MM deal next offseason — if he were to sign that deal, it would represent another below-market rate to help keep this Knicks team together.

This move by Brunson also allows New York to duck the second apron in the first year of the extension, thereby allowing them to dodge the restrictive penalties that would have followed.

According to Fred Katz of The Athletic, Brunson will receive a 50% advance on his salary at the start of each season of the extension (Twitter link).

A solid rotation player in Dallas during the first four years of his career, Brunson has become a star over the past two seasons with New York, averaging 26.5 points and 6.5 assists while shooting 48.4% from the field and 37.3% from beyond the arc during that time. Those two seasons have been among the most successful in recent Knicks history. The team’s .610 win percentage last season has only been topped once since 2000 (in 2012/13).

Atlantic Notes: Whitehead, Bridges, MacDonald, Embiid

July 11th, 2024 at 10:57am CST by Dana Gauruder

With Mikal Bridges joining the other New York City team, Nets forward Dariq Whitehead knows he could be in line for more playing time next season, Adam Zagoria of NJ.com writes. Whitehead has undergone foot and shin surgeries that limited him to two NBA appearances in his rookie year after getting selected with the No. 22 pick.

“I look at it as an opportunity for me to get on the court and a bunch of other young guys to grow our games and develop into who we want to be in the NBA,” Whitehead said. “And eventually be on their level, if not higher than where they were….and look it as an opportunity for us young guys.”

We have more from the Atlantic Division:

Speaking of Bridges, he’s not worried about fitting in with his new Knicks teammates, some of whom played with him collegiately at Villanova, Zach Braziller of the New York Post relays. “I think it’s not going to be that hard honestly,” Bridges said. “I think it’s just knowing the brand we play here, and playing the right way is who I am. It’s like a natural thing. It’s kind of like going to [Team] USA, kind of the same thing where obviously, going to USA last year, the role’s going to change.”
The Long Island Nets, Brooklyn’s NBA G League affiliate, have named Matt MacDonald their general manager, according to a press release. “We are excited to have Matt step into this role and lead our G League program with the Long Island Nets,” Brooklyn Nets GM Sean Marks said. “Since starting out in our front office, Matt has continually been elevated into a variety of positions spanning both player personnel and administration and has proven to have the acumen and diverse skillset required to thrive with each opportunity.” MacDonald was Long Island’s assistant GM for the last two seasons.
Sixers superstar Joel Embiid says any concern about him getting injured during Team USA’s Olympic run is overshadowed by his quest for a gold medal, according to Shaun Powell of NBA.com. “For me, being part of the Olympics was always the goal. It was an opportunity and a chance I couldn’t pass up. And I don’t think there is a big risk,” he said.

Eastern Notes: Fernandez, Fernando, Trent, Jokubaitis, Magic

July 10th, 2024 at 12:02pm CST by Luke Adams

The Nets agreed to trade Mikal Bridges just two months after they hired Jordi Fernandez, but Brooklyn’s new head coach said he wasn’t caught off guard by that move. As Brian Lewis of The New York Post writes, moving Bridges was a scenario that had been discussed with Fernandez before he took the job.

“We know that we wanted to do something sustainable and we wanted to win and build something very special. There were different avenues to do it, and this was a possible one,” Fernandez said. “We just couldn’t control if something (big came), what other teams would offer, so we’d just have to sit and wait. And (general manager Sean Marks) had his different avenues to get there. When the opportunity presented itself, he called me. I knew before it came out to the media, and I was very excited because I know how the NBA works and I know how good you can get when you have assets, flexibility and so and so forth. So I’m just very excited.”

Marks also confirmed that he and Fernandez talked about the possibility of a Bridges trade, explaining that he wanted to make sure the head coach knew what he was getting into when he accepted the Nets’ offer.

“It’s very important to be upfront when you’re hiring a coach — or any staff member for that matter — for them to know there’s a variety of different pathways we can go down,” Marks said. “We knew the flexibility that we had in terms of the roster, the cap, the salaries that we have, this (outcome) could be one of them. We’re not going to shy away from that. So, he knew well ahead that this was an avenue that we could be going down and has bought in completely.”

Here are a few more notes from around the Eastern Conference:

Having already pushed back his salary guarantee date from June 29 to July 10, the Hawks are talking to Bruno Fernando‘s camp about postponing that deadline again, tweets Lauren L. Williams of The Atlanta Journal-Constitution. Fernando has some incentive to give Atlanta more time with that decision if it increases his odds of remaining on the roster and earning his full $2.72MM salary for 2024/25.
Following up on reporting that suggested the Raptors had been willing to offer free agent wing Gary Trent Jr. a deal worth $15MM per year when their negotiating window first opened, Michael Grange of Sportsnet (Twitter link) clarifies that most conversations the team had about Trent were internal. The front office discussed potential contract frameworks rather than formally putting an offer on the table, Grange says, adding that the Raptors told Trent’s camp after the draft that they were going in a different direction.
Knicks draft-and-stash prospect Rokas Jokubaitis, the No. 34 overall pick in 2021, will be with New York’s Summer League team this month for the first time in three years, writes Stefan Bondy of The New York Post. Jokubaitis, who is under contract with Barcelona for one more season, would have been unavailable for Summer League if Lithuania had qualified for the Olympics, but the Lithuanians fell to Puerto Rico in the qualifying tournament final on Sunday.
The Magic have quietly aced the offseason, according to Michael Pina of The Ringer, who wonders if Orlando is capable of becoming next season’s version of the 2023/24 Thunder and making the leap from solid team to one of the best in the conference.

Atlantic Notes: Simmons, Clowney, Bridges, Barnes, Quickley

July 9th, 2024 at 9:05pm CST by Dana Gauruder

Ben Simmons‘ agent tells The New York Post’s Brian Lewis that his client will be 100 percent by the start of next season, but there’s plenty of uncertainty regarding his future. The Nets guard played just 15 games last season before he was shut down due to lingering back issues.

“Ben has been doing his rehab and prep work for the upcoming season in Miami. He is through the rehab stage and has moved on to strength and conditioning,” Simmons’ agent, Bernard Lee, said. “Because there have been so many starts and stops previously I’ll simply say he’s in a great place and the expectation is he’s able to start the season 100 percent of himself ready to go.”

Where Simmons fits into the team’s plans next season is unclear. Given his health issues, his value to the club at this point is centered around his $40.3MM expiring deal, which will open up ample cap space next summer if he’s not traded.

We have more from the Atlantic Division:

With the Nets trading Mikal Bridges and going into a rebuild, Noah Clowney could get an expanded role in his second season, Lewis notes. Clowley was selected with the 21st pick in 2023. “It’s an opportunity [for me] so I can’t [waste it],” Clowney said. “No shade to [Bridges]; that’s my dog. I love him; but to see us going into more of a rebuilding standpoint, that’s an amazing opportunity to me, and I gotta try to take advantage of that.” Just trying to build with what we’ve got is my main focus. The picks, I leave that to the people who decide all that; I just try to do my part, play hard and be enthusiastic about everything we’re doing. So, opportunities will be fun.”
Bridges expressed his exhilaration over joining the Knicks, where expectations will be sky-high for their first championship since 1973, according to ESPN’s Chris Herring. “It’s surreal. Coming here, it makes me feel like a young kid again, with all the memories. When I think about basketball when I was young, and the old school, it was always the Knicks,” Bridges said during an introductory press conference. “That’s what you think about. MSG. The New York song. All that stuff.”
The Raptors are betting big that they can build around Scottie Barnes and Immanuel Quickley, Michael Grange of Sportsnet writes. Both players were rewarded with five-year contracts this offseason. To back the front office’s commitment, Barnes needs to play well enough to be considered for an All-NBA team and Quickley needs to become an All-Star level guard, Grange says.

Atlantic Rumors: Trent, Quickley, Knicks, Kessler, Bertans, Celtics

July 9th, 2024 at 10:25am CST by Luke Adams

Although the Raptors haven’t entirely closed the door on the possibility of bringing back free agent wing Gary Trent Jr., his return appears increasingly unlikely based on how the team’s offseason has played out, says Josh Lewenberg of TSN.ca.

As Lewenberg observes, Toronto sacrificed much of its cap flexibility by taking on salary in a trade with the Kings and exercising Bruce Brown‘s team option. The club also added a wing in the first round of the draft, selecting Ja’Kobe Walter with the 19th overall pick. The 15-man roster is now full, with little breathing room below the luxury tax line.

When the Raptors’ negotiating window with Trent opened last month, they were willing to offer him an annual salary in the neighborhood of $15MM, a source tells Lewenberg, but the swingman’s camp was seeking a raise on last year’s $18.5MM salary, possibly up to $25MM or so.

Toronto wasn’t prepared to meet that price, and it doesn’t look like there are any rival suitors who will go that high either. One league insider tells TSN that Trent would be lucky at this point to receive the full mid-level exception (worth about $12.9MM). The Raptors no longer have on offer on the table for the 25-year-old, according to Lewenberg.

Here’s more from around the Atlantic:

The Jazz and Spurs, among other teams, had “real” interest in restricted free agent guard Immanuel Quickley before he agreed to sign a five-year, $175MM contract with the Raptors, Lewenberg writes, which is one reason why that deal came in higher than expected. Quickley’s new deal will be worth a flat $35MM across all five seasons, Lewenberg adds, so it’ll start at just under 25% of the salary cap in 2024/25 but that percentage will drop each year as the cap increases.
Echoing previous reporting, Ian Begley of SNY.tv (Twitter video link) confirms that the Knicks have inquired on Walker Kessler, but says he’d be surprised if New York makes a deal for the third-year center, given the Jazz‘s asking price, which includes “at least” a first-round pick.
The Knicks are among the teams that have expressed some level of interest in free agent sharpshooter Davis Bertans, sources tell Michael Scotto of HoopsHype (Twitter link).
After the Celtics officially re-signed centers Xavier Tillman, Luke Kornet, and Neemias Queta, director of player personnel Austin Ainge said he’s “extremely grateful” to have all those players back and suggested that one or more of them could have landed more lucrative deals elsewhere. “We had some guys turn down more money other places to come back,” Ainge said, according to Brian Robb of MassLive.com. “It feels really good that guys we care about a lot to come back and go for another run.”

New York Notes: Nets Rebuild, Bridges, Thomas, Brunson, Hartenstein

July 8th, 2024 at 9:03pm CST by Dana Gauruder

With the stash of assets acquired in the Kevin Durant, Kyrie Irving and Mikal Bridges deals, Nets general manager Sean Marks doesn’t think the franchise will require a lengthy rebuild, according to Brian Mahoney of The Associated Press.

“This build, do I think it’s going to take time? I mean, I think we’ll be strategic in it,” he said. “But I do think being in this market, with this amount of draft assets, we’ve done it before. And so again, I think, not that it’s going to be expedited by any means, but I don’t think it’s a long process, either.”

Marks clarified that Bridges did not request a trade, adding that New York’s offer was so strong, he couldn’t pass it up. Reports at the time of the deal suggested the forward was interested in joining the Knicks but didn’t necessarily ask to be traded there.

“I think it’s been reported that Mikal wanted to leave or requested a trade. That could not be further from the truth,” Marks said. “That’s just not in Mikal’s character. That’s not who he is and that definitely did not happen. He was told by me when I called him and let him know that we’re at the two-yard line.”

We have more on the New York teams:

Nets guard Cam Thomas has joined Octagon as his representative, the agency tweets. Thomas is extension eligible this offseason, otherwise he’ll be a restricted free agent next summer. Thomas averaged 22.5 points, 3.2 rebounds and 2.9 assists in 66 games last season.
Jalen Brunson is pondering whether to sign an extension this summer, Fred Katz of The Athletic reports. Brunson could opt for long-term security now, instead of taking any chances by waiting until next offseason. He’s also well aware of how the new tax aprons could hamper the Knicks’ ability to make future moves. However, while he could ink a four-year extension this offseason worth around $156.5MM, he would be eligible to sign a max five-year contract worth a projected $269.1MM next summer. New York can put its extension offer on the table as early as this Friday and Brunson knows it’s coming, Katz writes.
With Isaiah Hartenstein in Oklahoma City and several free agent centers already committed to other teams, where can the Knicks find depth in the middle? The New York Post’s Peter Botte takes a look at some other free agent big men still available, along with potential trades the front office could pursue to fill that need.

Knicks Sign Ariel Hukporti On Two-Way Deal

July 8th, 2024 at 6:04pm CST by Dana Gauruder

8:06pm: The signing is official, the team’s PR department tweets. It’s a one-year deal, The Athletic’s Fred Katz tweets.

6:04pm: The Knicks are signing the last pick of the draft, Ariel Hukporti, to a two-way contract, Michael Scotto of HoopsHype reports (Twitter link).

The German-born big man spent the 2023/24 season in Australia with Melbourne United, averaging 8.4 PPG, 7.0 RPG and 1.5 BPG in 28 games (18.4 MPG).

New York made multiple trades in the second round and wound up with the final pick in the draft, where it snagged Hukporti. All of the Knicks’ two-way slots are open, though they have a two-way qualifying offer on the table for Jacob Toppin.

Contract Details: George, Martin, Wiseman, Isaac, Hield, More

July 8th, 2024 at 6:49am CST by Luke Adams

Following the end of the July moratorium on Saturday, teams wasted no time in officially finalizing many of the contracts they’d agreed to up until that point.

Now that those contracts have been completed, we have the official details on many of them. Here, via several reporters – including Keith Smith of Spotrac, Michael Scotto of HoopsHype, and cap expert Yossi Gozlan – as well as our own sources, are some of those notable details:

Players with trade kickers:

Lakers forward LeBron James (15%), Knicks forward OG Anunoby (15%), Sixers forward Paul George (15%), Sixers forward Caleb Martin (15%), Mavericks sharpshooter Klay Thompson (15%), and Mavericks forward Naji Marshall (5%) received trade kickers on their new free agent deals, while Celtics guard Derrick White (15%) got one on his contract extension.

As an aside, James’ exact starting salary in 2024/25 is $48,728,845, which is $1,258,873 below the maximum he could have earned.

Players who waived their right to veto a trade:

A player who re-signs with his team on a one-year contract (or two-year contract with a second-year option) is typically awarded the right to veto a trade, but has the option to waive that option.

Heat center Thomas Bryant, Rockets guard Aaron Holiday, Raptors wing Garrett Temple, and Magic teammates Gary Harris and Moritz Wagner all surrendered their right to veto a trade in 2024/25 and could be moved freely.

Unlikely incentives:

Nets center Nic Claxton ($97MM base + $3MM incentives), Pacers forward Obi Toppin ($58MM +$2MM), Suns forward Royce O’Neale ($42MM +$2MM), and Sixers forward Martin ($35,040,704 + $5,256,106) are among the players whose contracts include unlikely bonuses that would boost the total guaranteed salary if those incentives are reached.

As cap expert Albert Nahmad observes, the structure of Martin’s contract helped the 76ers maximize their cap room, since his unlikely incentives don’t count toward the cap once he signs.

It wouldn’t surprise me if Martin’s “unlikely” incentives are easier to earn than a typical player’s incentives would be — I don’t expect them to be for making an All-Star team or anything like that. An incentive is considered unlikely for cap purposes if the player wouldn’t have met the criteria the year before. For example, as Nahmad suggests, a bonus related to Martin making 24 or more starts would be considered unlikely because he started 23 games last season. Martin’s bonuses – considered “unlikely” for cap purposes but perhaps “likely” to be earned in reality – could have served as a way to strengthen the Sixers’ offer without sacrificing that extra cap room.

It’s also worth noting that a player’s unlikely incentives can’t exceed 15% of his guaranteed base salary, and Martin’s $5,256,106 in incentives represent exactly 15% of his overall $35,040,704 salary.

Partial or non-guarantees and options:

James Wiseman‘s two-year, minimum-salary contract with the Pacers is guaranteed for $500K in year one, with a team option for 2025/26. That team option would be guaranteed for $569,041 if exercised (ie. the same percentage as his first-year salary).

Luka Garza got a similarly structured two-year, minimum-salary deal with the Timberwolves, except his first year is fully guaranteed prior to his second-year team option. That 2025/26 option would be guaranteed if picked up.

As previously reported, Isaiah Hartenstein‘s three-year, $87MM deal with the Thunder includes a team option for 2026/27. It’s worth $28.5MM, with $58.5MM in guaranteed money across the first two seasons.

Magic teammates Harris ($7.5MM) and Wagner ($11MM) each have second-year team options on their two-year deals.

The Rockets used their full bi-annual exception to give Holiday a two-year deal worth $9,569,400 that includes a second-year team option ($4,901,400).

Neemias Queta‘s three-year, minimum-salary contract with the Celtics is fully guaranteed in year one with a partial guarantee of exactly 50% ($1,174,789 of $2,349,578) in year two, plus a third-year team option for 2026/27. The third-year option ($2,667,944) would be guaranteed for 50% ($1,333,972) if exercised. Since his minimum deal covers more than two years, a team wouldn’t be able to acquire Queta via the minimum salary exception if he’s traded down the road.

Jonathan Isaac‘s new long-term deal with the Magic is partially guaranteed ($8MM of $14MM) in 2026/27, with non-guaranteed salaries of $14.5MM in 2027/28 and $15MM in 2028/29. However, each of those salaries would become fully guaranteed if Isaac plays at least 52 games in the prior season. For instance, if Isaac were to appear in 54 games in 2026/27, his $14.5MM salary for ’27/28 would be fully guaranteed.

Sign-and-trade contracts:

Interestingly, Kyle Anderson‘s and Buddy Hield‘s new contracts with the Warriors have the exact same salaries for the first three seasons: $8,780,488, $9,219,512, and $9,658,536. Anderson’s three-year deal is fully guaranteed for the first two years and non-guaranteed in year three.

As for Hield, his four-year contract is fully guaranteed for the first two years, with a partial guarantee of $3MM for year three. His fourth year is a $10,097,560 player option that would be partially guaranteed for $3,136,364 if exercised.

Klay Thompson’s three-year contract with the Mavericks comes in at exactly $50MM, as reported — it starts at $15,873,016 and features 5% annual raises.

Jonas Valanciunas‘ three-year contract with the Wizards is worth $30,295,000 in total, beginning at $9.9MM (which is the amount of the trade exception generated for the Pelicans). It’s fully guaranteed for the first two seasons and non-guaranteed in year three.

Cody Zeller got a three-year, $11,025,000 deal in the sign-and-trade that sent him from New Orleans to the Hawks. The first year is guaranteed for $3.5MM, with two non-guaranteed seasons after that.

Finally, as part of the Mikal Bridges trade, new Nets guard Shake Milton got a three-year, $9,162,405 contract that has a guaranteed first-year salary of $2,875,000, with two non-guaranteed years after that ($3MM in 2025/26 and $3,287,406 in ’26/27). His teammate Mamadi Diakite, who was also sent to Brooklyn in the trade, had his $2,273,252 salary partially guaranteed for $1,392,150.

Milton’s $2,875,000 salary, Diakite’s $1,392,150 partial guarantee, and Bojan Bogdanovic‘s $19,032,850 salary add up to $23.3MM, which is equivalent to Bridges’ salary — the exact amount of outgoing salary the Knicks needed to send to avoid being hard-capped at the first tax apron.

New York Notes: Bridges Trade, Hartenstein, Nets, Gaitley

July 7th, 2024 at 10:29am CST by Rory Maher

The Knicks‘ blockbuster trade with the Nets to acquire Mikal Bridges stunned his former Villanova teammates Jalen Brunson and Josh Hart, as Bradley Locker of The New York Post relays.

“I never thought it would happen,” Brunson said on the Roommates Show podcast he co-hosts with Hart. “When’s the last time the Nets made a trade with the Knicks?”

Hart answered Brunson’s question — 1983 — and elaborated on his own skepticism of a deal coming together.

“You don’t think it’s really going to happen, but you’re like, ‘You know what? Let me just go mess with ‘kal,’” Hart said, referring to postgame discussions in matchups between the Knicks and Nets. “Because that’s my guy.”

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

Isaiah Hartenstein left the Knicks to join the Thunder in part because he believes he’ll have an opportunity to broaden his game, “especially offensively,” writes Stefan Bondy of The New York Post. “If you’re an NBA player, you have to adapt to certain roles. And that’s what I did in New York,” Hartenstein said. “My passing only came out in the last year. My first year, I had to adapt to a certain role. So I feel like I can get back to that shooting aspect. Before, I was shooting, so I want to get back to that even more.” Hartenstein’s front-loaded three-year contract with Oklahoma City became official on Saturday. It will guarantee him $58.5MM over the next two seasons, with a third-year team option.
On the same Roommates Show podcast, Hart and Brunson expressed frustration that the Knicks were only able to offer Hartenstein a four-year, $72.5MM contract because he only had Early Bird rights, per Steve Popper of Newsday (subscriber link). “I feel like in those situations, you shouldn’t be restricted on what you can sign your own guys for,” Hart said of Hartenstein. “Especially, like, he signed a two-year, $16 [million contract], he played well for you guys, under your coaches, your system. Then you should be rewarded in helping develop that guy and should be able to offer him whatever. You guys did really good, he played well. [But] let’s slow down, you can only offer him this? That’s idiotic.”
New head coach Jordi Fernandez will have his work cut out for him with the rebuilding Nets, according to Evan Barnes of Newsday (subscription required). Although there may be less pressure on Fernandez in some ways since Brooklyn will likely be a lottery team in 2024/25, trying to get buy-in from veterans on the trade block while developing the team’s young players will be a difficult balance to strike, Barnes observes.
The Nets are hiring Dutch Gaitley as an assistant coach, a source tells Net Income of NetsDaily.com (Twitter link). Gaitley, who previously spent four years with Charlotte, worked with Fernandez the past two years in Sacramento as the Kings‘ director of player development.

Nets, Knicks Officially Complete Mikal Bridges Trade

July 6th, 2024 at 8:16pm CST by Luke Adams

The Knicks have officially acquired star forward Mikal Bridges from the Nets, the teams announced today in a pair of press releases.

“We are thrilled to add a player of Mikal’s caliber to the Knicks family. His ability to score, shoot and defend at an elite level will add to a team that continues to grow,” Knicks president Leon Rose said in a statement. “Not only does he demonstrate excellence on the court but Mikal’s strength of character, diligence and dedication to the game of basketball are vital to the culture we continue to build in New York.”

The two clubs reached an initial agreement on June 25, then finalized an expanded version of the deal on Thursday to allow the Knicks to avoid becoming hard-capped at the first tax apron ($178.1MM). New York will instead be hard-capped at the second apron ($188.9MM).

The final terms are as follows:

Knicks acquire Bridges, Keita Bates-Diop, the draft rights to Juan Pablo Vaulet, and either the Pistons’, Bucks’, or Magic’s 2026 second-round pick (whichever is least favorable).
Nets acquire Bojan Bogdanovic, Shake Milton (sign-and-trade), Mamadi Diakite, the Knicks’ 2025 first-round pick, the Bucks’ 2025 first-round pick (top-four protected), the Knicks’ 2027 first-round pick, the Knicks’ 2029 first-round pick, the Knicks’ 2031 first-round pick, the right to swap a 2028 first-round pick for the Knicks’ 2028 first-round pick, and the Nets’ 2025 second-round pick.

The addition of Vaulet’s rights is new, and we now have the details on the draft pick headed to New York in the deal, but otherwise these are the terms that had been previously reported.

Milton’s new three-year contract is worth $9.16MM in total, with a $2.86MM guaranteed salary in year one, tweets Fred Katz of The Athletic. Brooklyn will be hard-capped at the first apron in 2024/25 as a result of acquiring him via sign-and-trade.

The Nets almost certainly used existing traded player exceptions to take on their incoming players, which means they’ll generate a sizable new TPE worth Bridges’ outgoing salary ($23.3MM). They’ll have one year to use it.

For more details on one of the summer’s biggest trades, be sure to check out our original stories on the agreement.

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