- The Knicks are one of three teams pursuing point guard Chasson Randle, Marc Berman of the New York Post reports. Randle, who went undrafted in 2015, made a favorable impression on the Knicks’ brass while playing for their summer-league team. He could be New York’s No. 3 point guard behind Derrick Rose and Brandon Jennings but the club is out of cap space and can only offer the rookie minimum of $565K, Berman adds.
- Expectations for the new-look Knicks are high, Derrick Rose admits in a conversation with Lang Whitaker of NBA.com. Curiously, the veteran point guard believes his team is viewed in NBA circles as a top-tier contender alongside the Warriors, telling Whitaker, “They’re saying us and Golden State are the super teams.”
The Knicks are among the teams with an interest in acquiring Bucks center Greg Monroe, who reportedly remains available, Sam Amico of Amico Hoops reports, citing league sources. The Knicks may need a third team to help facilitate a trade for Monroe and would almost certainly have to wait until December to make a deal, Amico adds.
The Bucks-Monroe relationship has not worked out the way many envisioned it would. After one season, the Bucks are reportedly “anxious to move on from him.” Monroe has two seasons remaining on his current deal. He can choose to opt out next summer. In 79 games for the Bucks, Monroe notched averages of 15.3 points, 8.8 rebounds and 2.3 assists in 29.3 minutes per contest. The Celtics emerged as a suitor for Monroe last month, but talks are reportedly no longer ongoing.
The Knicks would be a logical fit, depending on who New York would move, of course. The Knicks are set to feature Joakim Noah at center and to bet on the former Bulls player staying healthy would be risky. Beyond Noah and Kristaps Porzingis at power forward, it can be argued that New York lacks depth in the frontcourt.
Still, having undergone a significant roster overhaul this offseason, the Knicks don’t have many trade chips currently available to match Monroe’s $17MM+ salary — free agents who recently signed with the club aren’t eligible to be dealt until at least December.
Brace Hemmelgarn / USA TODAY Sports Images
JULY 21st: The deal is official, the team announced via press release.
JULY 6th, 10:24pm: The pact will pay Galloway $5MM per season, Adam Zagoria of SNY.tv tweets.
4:35pm: Galloway received a two-year deal from New Orleans, with a player option for the second season, according to Scotto (Twitter link).
3:46pm: Point guard Langston Galloway will sign with the Pelicans, tweets Michael Scotto of Sheridan Hoops. Contract details are still being finalized, according to Ian Begley of ESPN.com (Twitter link).
Galloway became an unrestricted free agent on Monday when the Knicks rescinded their $2.725MM qualifying offer. Galloway became expendable when New York reached a one-year, $5MM deal with free agent guard Brandon Jennings. Begley notes that New York held Early Bird Rights on Galloway and could have offered up to $6.1MM in the first year of a new deal (Twitter link).
The 24-year-old was a regular part of the Knicks’ rotation this season, his second in the NBA. Galloway appeared in all 82 games, averaging 7.6 points, 3.5 rebounds and 2.5 assists in 24.8 minutes while shooting 39.3% from the field and 34.4% from 3-point range.
He will help offset the loss of Eric Gordon, who signed Saturday with the Rockets. Galloway joins Solomon Hill and E’Twaun Moore as free agent acquisitions for New Orleans this offseason.
Carmelo Anthony believes bad timing is all that prevented Dwyane Wade from joining him on the Knicks, relays Marc Berman of The New York Post. Wade sent shock waves throughout the NBA earlier this month when he agreed to leave the Heat and sign with the Bulls. Anthony says if Wade’s situation had become apparent earlier, the Knicks could have freed up the cap room to fit him on the roster. “There was a chance, definitely a chance,’’ Anthony said. “We would’ve had to pull a rabbit out of a hat in the 25th hour though. There was a chance. If it was two days earlier, we probably would’ve had Dwyane Wade.”
After signing free agent center Joakim Noah for $72MM over four years, New York had just enough cap room left to offer Wade the contract he wanted. However, it would have meant not signing Courtney Lee and Brandon Jennings and renouncing the rights to Lance Thomas. Looking ahead, Anthony thinks the Knicks have the pieces in place to be major players in the 2017 free agent market.
- Kevin Durant said it was his call not to meet with the Knicks even though he held his free agency meetings in the Hamptons, Marc Berman of The New York Post passes along. “Everything was my call,’’ Durant said. “The whole process was my call. I respect everybody in this league and every organization. But I couldn’t meet with everybody.”
- There was speculation that Carmelo Anthony would have asked for trade if the Knicks struck out in free agency, but after the team made major moves this offseason, Anthony appears happy with New York, Berman writes in a separate piece. The Knicks traded for Derrick Rose and they signed Joakim Noah, Courtney Lee and Brandon Jennings to form a team that should easily compete for a playoff birth.
Traded player exceptions, which we’ve explained extensively in a Hoops Rumors glossary entry, are a tool that over-the-cap teams can use to complete trades. For mid-season deals, when most teams are at or over the salary cap, these exceptions are typically used and created frequently.
This summer, however, with the salary cap increasing by more than $24MM and most teams choosing to use cap room rather than staying over the cap, trade exceptions have become scarcer — and less useful. In order for teams to actually use their available cap room to take on salaries or to sign free agents, those exceptions must be renounced.
Heading into the 2016/17 league year, teams around the NBA held a total of 29 trade exceptions. After the new league year officially got underway and the moratorium ended, the majority of those TPEs were lost. In total, 22 of the 29 previously-existing traded player exceptions were renounced or expired.
Earlier this month, only the Clippers, Cavaliers, and Thunder still held any TPEs, with Cleveland hanging onto five of them, and L.A. and OKC holding one apiece. Over the last week or so, a few new trade exceptions have been created, but with so many teams still under the cap, the full list is much shorter than it has been in past years.
Here’s a breakdown of the newly-created TPEs:
Charlotte Hornets
Amount: $1,666,470
Expires: 7/12/17
How it was created: When the Grizzlies signed Troy Daniels away from the Hornets, they did so in a sign-and-trade deal, allowing Charlotte to create a TPE for half of Daniels’ $3,332,940 salary.
Cleveland Cavaliers
Amount: $1,333,420
Expires: 7/15/17
How it was created: The Cavaliers created this TPE worth Sasha Kaun‘s 2016/17 salary when they sent him to Philadelphia without receiving any NBA salary in return.
(Note: The Cavaliers also created a $4,803,750 trade exception by signing-and-trading Matthew Dellavedova to the Bucks, but immediately used that exception to acquire Mike Dunleavy.)
Los Angeles Clippers
Amount: $1,209,600
Expires: 7/15/17
How it was created: When the Clippers acquired Devyn Marble from the Magic for C.J. Wilcox, the team actually used its old $947,276 TPE (acquired in January’s Josh Smith trade) to absorb Marble’s salary, then created a new exception worth Wilcox’s salary.
The traded player exceptions listed above have been added to our full breakdown of the TPEs available around the league. That list no longer includes the $2,038,206 exception the Thunder created last summer when they sent Perry Jones III to the Celtics — that TPE expired on July 14.
Our full list of TPEs also no longer features the following exceptions, all of which were renounced earlier this month when these teams went under the cap (expiry date listed in parentheses):
- Atlanta Hawks: $947,276 (2/18/17)
- Brooklyn Nets: $2,170,465 (7/13/16)
- Chicago Bulls: $2,854,940 (2/18/17)
- Chicago Bulls: $947,276 (6/22/17)
- Denver Nuggets: $135,000 (2/18/17)
- Detroit Pistons: $6,270,000 (6/29/17)
- Golden State Warriors: $5,387,825 (7/27/16)
- Golden State Warriors: $3,197,170 (7/31/16)
- Memphis Grizzlies: $450,000 (2/18/17)
- Miami Heat: $1,706,250 (7/27/16)
- Miami Heat: $1,294,440 (7/27/16)
- Miami Heat: $2,129,535 (11/10/16)
- Miami Heat: $2,145,060 (2/16/17)
- Miami Heat: $845,059 (2/18/17)
- Miami Heat: $2,854,940 (2/18/17)
- Milwaukee Bucks: $5,200,000 (7/9/16)
- Milwaukee Bucks: $4,250,000 (7/9/16)
- Minnesota Timberwolves: $5,000,000 (7/12/16)
- New Orleans Pelicans: $102,217 (12/24/16)
- New York Knicks: $1,572,360 (6/22/17)
- Phoenix Suns: $578,651 (2/18/17)
Information from Basketball Insiders was used in the creation of this post.
Jazz coach Quin Snyder isn’t sure how much Dante Exum will be able to contribute after missing an entire season with a torn ACL, writes Jody Genessy of The Deseret News. Exum, who averaged 4.8 points and 2.4 assists as a rookie in 2014/15, was cleared for full-contact basketball activity last month. He decided not to join the Australian team for the Olympics and will concentrate on getting ready for training camp. “I think that’s an injury that he’ll be back from, but it’s not a simple thing,” Snyder said. “… We don’t really have a specific timetable on that as far as where he is, but I know he’s missed playing. He loves to play and I think this will be an opportunity for him to start doing that again and I know he’s excited and we’re excited for him.” Exum will face competition for playing time from George Hill, who was acquired in a trade from the Pacers last month, and Shelvin Mack, who became the team’s starting point guard late in the season after joining the team in a deal with the Hawks.
There’s more from the Western Conference:
- Point guard Tony Wroten could agree to return to the Grizzlies, tweets international journalist David Pick. Memphis waived Wroten on Tuesday, but Pick hears that a reunion is still possible. It was the second trip to the waiver wire this summer for Wroten, who was cut loose by the Knicks after the Derrick Rose deal.
- Trade rumors involving Ricky Rubio have been simmering since the Timberwolves drafted Kris Dunn, but owner Glen Taylor expects the team to hold on to the Spanish point guard, relays Sid Hartman of The Star Tribune. “I don’t see that as a likely possibility,” Taylor said of a deal. “I just think the coach, everybody, likes Ricky. I think we want him to come in and improve on his shooting. But his other things, he plays defense, he gets assists, he helps the others get better. He has some wonderful qualities. I think the coach wants to bring an assistant coach to help Ricky on his shooting and I think that’s where we’re going to start out and go and we’ll see how good Kris Dunn is.” Rubio has spent his entire five-year NBA career in Minnesota and is under contract through 2018/19.
- Wolves power forward Nemanja Bjelica will have to miss the Olympics as he rehabs an injury to his right foot, according to Eurohoops. Doctors say the Serbian star needs at least three more weeks to heal before trying to play again. Opening ceremonies for the games in Rio de Janeiro are August 5th.
Former Knicks point guard Jose Calderon believes he would have been better off as a backup in New York, according to Marc Berman of The New York Post. Calderon, who will turn 35 in September, was shipped to the Bulls last month in the trade that brought back Derrick Rose. Calderon says team president Phil Jackson made the right move in acquiring Rose and thinks he would have performed better with fewer minutes. “Like I said, I was ready for a different role and I was ready for a different role the last couple of years,” Calderon said. “Maybe there wasn’t the player to put ahead of me. I always said I wasn’t the one putting me in the starting role or playing me 35 minutes. It could’ve been a guy like a Derrick Rose and I would’ve been the backup point guard. It’s a tough position to play. You have to know your strengths and weaknesses. I’ve been in the league 12 years and I know what I do best or not do as well. It’s nothing personal. It’s what the team needed. Hopefully it will work better.’’
- Jackson issued a challenge to his rebuilt team Thursday on social media, Berman writes in a separate piece. In a pair of tweets, Jackson wrote, “Here’s what: We have brought change to the Knicks team. The real dimension of change is how much the players what to unite in this change” and “It’s not about bonding and being friends, it’s about joining in the effort of playing HARD on every effort. #respect“ (Twitter links). Nine of the 14 players the Knicks currently have under contract weren’t with the team last season.
JULY 14, 12:21pm: The Knicks have officially re-signed Vujacic, the team announced today (via Twitter).
JULY 12, 10:12am: The Knicks are bringing back one of their rotation players from last season, according to Marc Berman of The New York Post, who reports (via Twitter) that Sasha Vujacic has agreed to terms on a new deal with the team. It will be a one-year, minimum-salary contract for Vujacic, per Berman.
After spending several years overseas, having appeared in just two NBA games in a four-season span from 2011 to 2015, Vujacic returned stateside last year and joined the Knicks. Appearing in 61 games (25 starts) during the 2015/16 season, the 32-year-old guard posted averages of 4.9 PPG, 2.4 RPG, and 1.4 APG, to go along with a shooting line of .383/.364/.821.
Although his numbers weren’t great last season, Vujacic also wasn’t getting significant playing time, averaging less than 15 minutes per game. With a handful of incoming players added to the roster this offseason, Vujacic may start the 2016/17 campaign in a role that’s even more reduced.
Of course, Derrick Rose will be one player ahead of him on the Knicks’ depth chart, and Rose hasn’t played more than 66 games in a season since 2010/11, so there could be some opportunities for Vujacic to get increased minutes. Brandon Jennings will also be in the mix at point guard, while Courtney Lee , Justin Holiday, and Mindaugas Kuzminskas are other backcourt options for the Knicks.
[RELATED: Knicks’ roster and depth chart at RosterResource.com]
The Knicks used up their cap space on deals for Joakim Noah, Lee, and Jennings, then signed Kuzminskas using their mid-level exception. As such, the team now only has room for minimum-salary contracts, which limited the amount New York was able to offer Vujacic.
Photo courtesy of USA Today Sports Images.