New York Knicks Rumors | Hoops Rumors

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.

Free Agent Rumors: Teague, Payton, Beasley, Davis, Ibaka, Thompson

November 21st, 2020 at 2:29pm CST by Dana Gauruder

The Knicks have interest in free agent Jeff Teague as a starting point guard option, Marc Berman of the New York Post tweets. Teague, who made $19MM annually over the last three seasons, averaged 10.9 PPG and 5.2 APG in 59 combined games with the Timberwolves and Hawks last season.

If the Knicks don’t sign the 32-year-old Teague, they may shift back to one of their own free agents, Elfrid Payton. Front office executive Scott Perry remain a fan of Payton despite his perimeter shooting issues, Berman adds. Payton averaged 10.0 PPG and 7.2 APG in 45 games with New York last season.

We have more free agent news:

The Bucks expressed interest in combo guard Malik Beasley before he chose to re-sign with the Timberwolves, according to Michael Scotto of HoopsHype. Beasley agreed to a four-year, $60MM contract with Minnesota.
Anthony Davis will return to the Lakers but he might not put that in writing until December, Joe Vardon of The Athletic reports. Agent Rich Paul said there is no hurry for Davis to put his name to a contract and the signing could come just before or even during training camp.
After completing an agreement with Fred VanVleet, Raptors president Masai Ujiri and GM Bobby Webster will meet with their other prominent free agent, forward Serge Ibaka, on late Saturday afternoon or evening, Michael Grange of Rogers Sportsnet tweets. As many as 10 teams have shown interest in signing Ibaka, who is coming off a career year and strong postseason run.
The Timberwolves have inquired about center Tristan Thompson, Darren Wolfson of KSTP tweets. Minnesota is seeking some depth in the middle behind starter Karl-Anthony Towns.

Hornets, Gordon Hayward Agree To Four-Year Deal

November 21st, 2020 at 12:31pm CST by Luke Adams

The Hornets are signing Gordon Hayward, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the forward’s new deal will be worth $120MM over four years. It’s fully guaranteed, tweets David Aldridge of The Athletic.

Hayward turned down a $34.2MM player option with the Celtics earlier in the week, which was a signal that he and agent Mark Bartelstein were confident that one or more lucrative multiyear offers would be waiting for him on the open market.

The Hawks and Knicks were said to have interest in Hayward, but Atlanta quickly moved onto other targets – including Danilo Gallinari – and New York wasn’t comfortable with either the years or the money that Hayward ultimately received from Charlotte, per Steve Popper of Newsday (Twitter link).

Hayward was said to prefer joining his hometown Pacers, and Boston and Indiana attempted to work out a sign-and-trade deal within the last couple days. However, the Pacers’ cap situation complicated matters, as Bobby Marks of ESPN notes (via Twitter), and it was always going to be a challenge for the C’s and Pacers to agree on fair compensation.

Just a half-hour before word of Hayward’s agreement with the Hornets broke, Scott Agness of Fieldhouse Files said (via Twitter) that there had been no progress in those sign-and-trade talks.

So Hayward will be headed to the Hornets, who will have to either open up some extra cap room in order to clear the space necessary to complete the signing. They’ll reportedly do so by using the stretch provision on Nicolas Batum.

Although the Hornets were cited on Friday as a potential suitor for Hayward, the deal still comes as a major surprise, especially since president of basketball operations Mitch Kupchak had talked for the better part of the year about Charlotte not planning to make a splash in free agency. Apparently, the team decided to change course on that plan when Hayward became available.

Hayward, 30, still didn’t quite look like his old All-Star self in 2019/20. However, he was a lot closer to that level last season than he was during his first two years in Boston. In 52 games, he averaged 17.5 PPG, 6.7 RPG, and 4.1 APG on .500/.383/.855 shooting.

Hayward’s deal with the Hornets represents a full-circle moment, as the first free agent contract he signed in the NBA, back in 2014, was an offer sheet with Charlotte. The Jazz, of course, matched that offer and the former Butler standout spent the next six years in Utah and Boston, but now he’s finally joining the Hornets.

Photo courtesy of USA Today Sports Images.

Knicks, Hawks, Hornets Still Have Cap Room Available

November 21st, 2020 at 7:31am CST by Luke Adams

The Knicks, Hawks, and Hornets are the only teams that still project to have cap room available after the first day of free agency, tweets Keith Smith of RealGM.

Smith estimates that New York has about $29MM or so left to spend, with Atlanta around $25MM and Charlotte at about $19MM. Cap exceptions, minimum deals, and sign-and-trades will be the only way for other teams to add free agents, barring cost-cutting moves to get under the cap, Smith notes.

We may find out as early as today what each of those three Eastern lottery teams intends to do with its cap room.

The Knicks are reportedly in the running for free agent forward Gordon Hayward, but could turn their attention elsewhere if Hayward agrees to re-sign with the Celtics or reaches a sign-and-trade deal with the Pacers. Fred VanVleet, who is reportedly meeting with interested teams today, might be one option.

The Hawks are believed to have their sights set on Bogdan Bogdanovic and Rajon Rondo, with a report yesterday indicating that the team was confident it will be able to land at least two players from a group of free agents that included those two and Danilo Gallinari (who is finalizing a three-year deal with Atlanta).

Kevin O’Connor of The Ringer says Atlanta is considered the frontrunner to land Bogdanovic, but notes that the Lakers remain in pursuit. Getting something back from L.A. in a sign-and-trade may appeal more to the Kings – who still hold Bogdanovic’s RFA rights – than losing him for nothing if the Hawks use their cap room to sign him to an offer sheet they won’t match.

As for the Hornets, I expect they’ll use a chunk of their cap room to fortify their frontcourt. A report on Friday night indicated they made Montrezl Harrell a bigger offer than the two-year, $19MM deal he ultimately accepted from the Lakers.

Besides VanVleet, Hayward, and Bogdanovic, Kentavious Caldwell-Pope, Serge Ibaka, Jae Crowder, and Hassan Whiteside are among the best free agents still available from our top-50 list. Anthony Davis and Brandon Ingram also technically haven’t agreed to deals with their respective teams, but are considered virtual locks to re-sign with the Lakers and Pelicans.

Hayward Still Prefers Pacers, Knicks Remain In Hunt

November 20th, 2020 at 11:18pm CST by JD Shaw

Free agent forward Gordon Hayward prefers to land with the Pacers, but the Knicks have continued to express interest in his services as free agency progresses, according to Marc Stein of the New York Times (Twitter links).

New York has so far offered lower figures than Indiana, who shares a mutual interest with Hayward, according to Stein. However, ESPN’s Adrian Wojnarowski (hat-tip Keith Smith of Yahoo Sports) relayed that the Knicks are actually willing to offer more money — just fewer years on a deal.

In order for Hayward to receive an estimated four-year, $100MM deal from Indiana, a sign-and-trade must occur between the Celtics and Pacers. Boston has expressed interest in adding a center during free agency, and Indiana’s Myles Turner could be included in a potential deal between the teams.

Despite offering lower figures than Indiana, New York has shown a willingness to go beyond their initial two-year offer for Hayward, Stein reports. Hayward, who declined a $34.2MM player option with the Celtics to become an unrestricted free agent, is said to have a big admirer in Knicks coach Tom Thibodeau, Stein adds.

Several teams are discussing sign-and-trade scenarios on the former NBA All-Star, according to Wojnarowski, which means a resolution may not come until the weekend. Hayward could also re-sign with the Celtics on a brand new deal, Wojnarowski cautions. Hayward averaged 17.5 points, 6.7 rebounds and 4.1 assists per game last season, shooting 50% from the floor and 38% from deep.

Knicks Sign Alec Burks To One-Year Deal

November 20th, 2020 at 9:11pm CST by Dana Gauruder

NOVEMBER 22: The Knicks have officially signed Burks, the team announced today in a press release.

NOVEMBER 20: The Knicks have made their first free agent deal of 2020/21, having agreed to sign guard Alec Burks to a one-year, $6MM contract, agent Alex Saratsis tells ESPN’s Adrian Wojnarowski and Zach Lowe (Twitter link).

New York has approximately $37MM to spend in free agency if chooses to do so and Burks is the first reported agreement.

Signing Burks on a one-year contract helps to preserve New York’s cap room for next offseason. He played a combined 66 games last season for the Warriors and 76ers, averaging 15.0 PPG, 4.3 RPG and 2.9 APG in those contests. Burks is a career 36.4% 3-point shooter and should emerge as a rotation piece for the Knicks next season.

Burks has a history with Knicks assistant GM Walt Perrin, Ian Begley of SNY TV notes (Twitter link). Perrin was in Utah’s front office when the Jazz drafted Burks in 2011.

Free Agent Rumors: Harris, Crowder, Hayward, KCP, Cousins, Hartenstein

November 20th, 2020 at 6:06pm CST by Luke Adams

There are “strong indications” that the Nets will get a commitment soon from sharpshooter Joe Harris, despite the fact that he’s receiving considerable interest from other suitors, tweets Marc Stein of The New York Times.

As we wait to see if Harris and the Nets come to an agreement, here are a few more free agency rumors:

After agreeing to re-sign Goran Dragic and Meyers Leonard early in free agency, the Heat are “in the game” to bring back Jae Crowder as well, tweets Tim Reynolds of The Associated Press. Miami is remaining over the cap and prioritizing retaining its own free agents so far this offseason.
As rumors swirl that Gordon Hayward prefers to land with the Pacers, Marc Berman of The New York Post (Twitter link) hears that the free agent forward has little interest in joining the Hawks.
Teams that are monitoring Kentavious Caldwell-Pope in free agency expect the Knicks to have interest in the veteran wing, Ian Begley of SNY.tv writes.
DeMarcus Cousins is receiving some attention from teams early in free agency tonight, sources tell ESPN’s Adrian Wojnarowski (Twitter link). It’s not yet clear which teams may be in the hunt for the former All-Star.
Free agent big man Isaiah Hartenstein is receiving some interest from the Nuggets, a league source tells Kelly Iko of The Athletic (Twitter link). Denver just lost backup center Mason Plumlee and appears to be in the market for some frontcourt depth.

Latest On Gordon Hayward

November 20th, 2020 at 4:57pm CST by Dana Gauruder

4:57pm: Hayward has told the Celtics he wants to go to the Pacers, Gary Washburn of the Boston Globe tweets. The Pacers offered Myles Turner and Doug McDermott to Boston in a sign-and-trade scenario but the Celtics want Turner and either Warren or Victor Oladipo.

4:45pm: The Hornets are expected to pursue Gordon Hayward in free agency but will likely need to work out a sign-and-trade agreement with the Celtics to make it happen, Michael Scotto of HoopsHype reports.

Hayward declined his whopping $34.2MM option in order to become an unrestricted free agent. In 52 games last season, he averaged 17.5 PPG, 6.7 RPG, and 4.1 APG on .500/.383/.855 shooting but missed a good chunk of the playoffs with an ankle injury.

Charlotte has approximately $19.4MM in cap space, so it’s unlikely Hayward would sign a multi-year deal unless there’s a sign-and-trade scenario with Boston and perhaps a third team as a facilitator.

The Hornets could dangle the expiring contracts of Cody Zeller and Nicolas Batum as part of the package, Scotto notes.

Hayward has some history with the Hornets franchise. He signed an offer sheet with Charlotte in 2014 when he was a restricted free agent but the Jazz matched it.

The Pacers are also interested in Hayward via a sign-and-trade but are reluctant to part with T.J. Warren and Aaron Holiday, two players that Boston would have some interest in acquiring, according to Ian Begley of SNY TV. However, Hayward may try to force the Celtics’ hands. The former Butler University star is “fully focused” on returning to Indiana and playing for the Pacers, according to The Athletic’s Shams Charania (hat tip to RealGM).

The Knicks are also expected to be in the mix for Hayward after freeing nearly $40MM in cap space.

Some with the organization have interest in signing Hayward as a free agent. However, the Knicks are unlikely to offer Hayward a four-year deal, Begley adds.

Timberwolves Acquire Leandro Bolmaro From Knicks

November 20th, 2020 at 3:46pm CST by Dana Gauruder

NOVEMBER 20: The deal is official, according to the Timberwolves. Because Minnesota structured its draft-night trades slightly differently than expected, the trade technically sends Bolmaro’s rights to the Wolves in exchange for Quickley (No. 25), the Pistons’ 2023 second-round pick, and the draft rights to Mathias Lessort.

All of this offseason’s trades to date can be found right here.

NOVEMBER 18: The Knicks selected Argentinian guard Leandro Bolmaro with the No. 23 pick, which they previously acquired from the Jazz, but he’s not going to New York. The Timberwolves are acquiring Bolmaro for the No. 25 and No. 33 selections in the draft, Shams Charania of The Athletic tweets.

Bolmaro, 20, is a 6’7” combo guard who played for FC Barcelona last season, though he only averaged 11.6 MPG in 16 games.

The Knicks had originally acquired the 23rd pick from Utah for the No. 27 and 38 selections, so they essentially parlayed those original picks and moved up a few slots in both the first and second rounds. They used the No. 25 pick on Kentucky point guard Immanuel Quickley, the SEC Player of the Year.

With the Timberwolves selecting shooting guard Anthony Edwards with the first pick and acquiring veteran guard Ricky Rubio, they have reshaped their backcourt overnight. Bolmaro would appear to be a developmental selection or possibly a draft-and-stash prospect.