Knicks Rumors

Knicks To Guarantee Jericho Sims’ Contract For 2023/24

The Knicks intend to fully guarantee Jericho Sims‘ $1.93MM salary for 2023/24, league sources tell Michael Scotto of HoopsHype (Twitter link).

Entering the offseason, the young center’s contract for the upcoming season was partially guaranteed for $600K. That guarantee increased to $1.2MM when New York kept him on the roster last month. Sims’ salary will officially be fully guaranteed if he remains on the Knicks’ roster past August 20.

The move was expected. The 24-year-old was a fill-in starter at times during his second NBA season in 2022/23, averaging 3.4 PPG and 4.7 RPG across 52 games (16 starts, 15.6 MPG).

The 58th pick of the 2021 draft, Sims initially signed a two-way deal with the Knicks, but received a promotion last summer to a multiyear standard contract after impressing the team. New York holds a team option on Sims’ contract for ’24/25 worth $2.1MM.

Sims is currently recovering from right shoulder surgery, which prevented him from participating during the Knicks’ playoff run. He’s expected to be fully recovered by training camp.

As our roster count shows, the Knicks are currently at the offseason maximum of 21 players under contract. They now have 12 players on guaranteed standard contracts, with all three two-way slots filled.

Contract Details: Hart, T. Taylor, Mavericks

Josh Hart‘s four-year extension with the Knicks, previously reported to include a fourth-year team option, has very straightforward terms, as Ian Begley of SNY.tv writes.

The deal, which begins at $18,144,000 (the maximum 40% raise on Hart’s $12.96MM salary for 2023/24) is fully guaranteed for the first three seasons and doesn’t include any performances bonuses.

The only detail slightly different than anticipated is that the annual raise between years one and two isn’t quite for the full 8%, so Hart’s four-year total is approximately $80.9MM instead of $81.3MM. The guaranteed portion of the contract extension comes in at $58.54MM.

Begley believes the contract will ultimately be judged based on how healthy Hart stays over the next few years and how much success the Knicks have during that time, since the forward seems unlikely to significantly improve his production in any specific area. The average annual value of Hart’s deal lands between the new contracts signed by Dillon Brooks and Caris LeVert, Begley notes.

Here are a few more details on recently completed NBA contracts:

  • Terry Taylor‘s new deal with the Bulls is a two-year, minimum-salary contract, tweets Keith Smith of Spotrac. It’s currently non-guaranteed, but Taylor would receive a partial guarantee worth $350K if he lasts through the first day of the regular season. That partial guarantee would increase to $700K if he remains under contract through December 15, Hoops Rumors has learned. Taylor would be assured of his full salary for 2023/24 if he isn’t waived by the league-wide guarantee date in January and would receive his full ’24/25 salary if he isn’t waived on or before July 7, 2024.
  • The trio of players signed by the Mavericks on Monday – Greg Brown, Joe Wieskamp, and Jordan Walker – all received Exhibit 10 contracts, Hoops Rumors has learned. All three will receive bonuses worth $75K if they’re waived before the season and then spend at least 60 days with Dallas’ G League affiliate.
  • In case you missed it, Jordan Miller‘s two-way contract with the Clippers covers two seasons, as we relayed on Tuesday evening. Miller is one of seven players to sign a two-year two-way deal this summer, as our tracker shows.

World Cup Notes: Towns, Team USA, Barrett, Doncic

Karl-Anthony Towns‘ decision to represent the Dominican Republic in the FIBA World Cup is a way to honor his late mother, writes Brian Windhorst of ESPN. Jacqueline Cruz-Towns, a Dominican native, died from COVID during the early stages of the pandemic. She helped to inspire the commitment from Towns, who hasn’t played in an international tournament for more than a decade.

“There was a lot that went into the decision,” the Timberwolves‘ forward/center said. “The timing is right. I didn’t put as much stress on my body this last season because of the (calf) injury. I’m feeling great now, I’m 100% and feeling like myself again. It’s a perfect time to work on some things in my game. And with my mom’s passing, I felt an urgency to do it.”

The Dominican team won’t have Al Horford or Chris Duarte, but Towns’ presence will give them a chance of advancing. They’ll start out in pool play with Italy, Angola and the Philippines, which will host the Americas region when the tournament begins August 26.

Towns is also hoping to use the World Cup as a springboard to a better season with Minnesota. He missed 51 straight games with the calf issue, and his late-season return wasn’t enough to help the team get past the first round of the playoffs.

“The (Wolves were) very supportive when I came to them to talk about playing,” Towns said. “There’s a lot of commitment to get better this season, and for all of us this will be a head start.”

There’s more on the World Cup:

  • Team USA got its first taste of adversity in Sunday’s game against the top-ranked Spanish team in Malaga, notes Joe Vardon of The Athletic. The Americans faced a rabid crowd as Spain erased a 10-point halftime deficit to take the lead in the third quarter. “Atmosphere is contagious,” Mikal Bridges said. “And that’s funny. I was talking to my teammates about playing in the national championship, playing in the finals is just a different type of atmosphere. And this is like one thing that you dream of, and we aren’t even in the stadium in the Philippines (for the World Cup). But even coming here and being in Spain, this is ridiculous, man. I’m happy I’m a part of this, happy I’m going through this.”
  • While Jalen Brunson made all nine of his shots from the field as the U.S. pulled out a victory, Knicks teammate RJ Barrett scored 31 points in Canada’s overtime win over Germany in the finals of the DBB SuperCup tournament, per Christian Arnold of The New York Post. “(Shai Gilgeous-Alexander), (Kelly Olynyk) and the guys are out there making it easy for me to do my thing, but it’s been a lot of fun,” Barrett said.
  • Luka Doncic told reporters, including Cesare Milanti of Eurohoops, that he feels he has something to prove after Slovenia’s early exit in last year’s EuroBasket. “I disappointed my team. I let my whole country down. It was my fault,” Doncic said. “I’ll be back. I will always play for Slovenia if I am not injured.”

Atlantic Notes: Brunson, Long Island, Petrusev, Sixers

Jalen Brunson faced plenty of questions last summer entering his first season with the Knicks. He not only answered all of the questions, he “raised the bar” for the franchise and now he’ll face a different kind of pressure in 2023/24 as the “unquestioned leader” of the team, according to Zach Braziller of The New York Post (subscriber link).

As Braziller writes, Brunson put up career highs in nearly every major statistical category last season, but teams will be more focused on slowing him down in ’23/24. As Team USA’s probable starting point guard ahead of the World Cup, Brunson hasn’t shown any signs of being impacted by enhanced external expectations — if anything, he seems to thrive under increased scrutiny, which could be a boon for the Knicks, per Braziller.

Here’s more from the Atlantic:

  • The Nets‘ NBA G League affiliate in Long Island recently announced a series of coaching changes. Shawn Swords, who was an assistant last season, has been promoted to associate head coach under Mfon Udofia, while Travis Voigt, Andrew Cobian and L.D. Williams were named assistant coaches.
  • In an interview with Antonis Stroggylakis of Eurohoops.net, Sixers big man Filip Petrusev discussed signing his first NBA contract, expectations (or lack thereof) for his rookie season, playing for the Serbian national team in the World Cup, and escaping the wildfires in Greece while he was vacationing with his girlfriend.
  • Appearing on NBA Today (YouTube link), ESPN’s Ramona Shelburne says the Sixers are still in a stalemate with former MVP James Harden, with no real trade talks at the moment. Shelburne also says Joel Embiid is motivated to enter 2023/24 in tip-top shape and is excited by the upside of Tyrese Maxey, who is entering the final year of his rookie contract but isn’t expected to receive an extension. It may seem like the franchise is in turmoil from the outside given Harden’s trade request, but Shelburne hears Embiid is in regular communication with the front office. While this season will undoubtedly be vital, next summer might be even more important for Embiid’s future, according to Shelburne, who notes that the reigning MVP is waiting to see what the roster looks like in ’24/25 with so few players under contract.

New York Notes: Knicks Future, Hart, Quickley, Nets Picks

With Josh Hart under contract well into the future, the Knicks could turn to extending another core member of their rotation, SNY’s Ian Begley writes. An Immanuel Quickley extension is the logical next step for the Knicks to take before he becomes a restricted free agent next summer. Begley notes that if Quickley and the Knicks are able to come to an agreement on an extension, it would give the Knicks seven players under contract through at least 2024/25, all of which are rotation pieces.

The deadline for the two sides to reach an agreement on an extension is on the eve of the ’23/24 season.

Signing Quickley would put the Knicks on track to surpass the luxury tax line, according to Begley, but owner James Dolan has never shied away from spending luxury tax money in the past.

The Knicks are hard-capped at the first tax apron this season, meaning they can’t spend more than a total of roughly $172MM in team salary. The Knicks are roughly $6.6MM shy of that apron at the moment, according to Begley, which they could use to augment the roster further. If Quickley signs an extension, it would be difficult to trade him until his extension kicks in. Hart is ineligible to be traded until the 2024 offseason.

Begley notes that while Hart’s $81MM of total salary appears large, it won’t account for more than 14% of the team’s salary cap in any year of his deal, which Begley argues is fair value for a starting-level rotation piece.

We have more from the state of New York:

  • Peter Botte of the New York Post also writes that the Knicks should sign Quickley to a new deal before he becomes a restricted free agent. Quickley, a Sixth Man of the Year finalist, is in the final year of his rookie contract, which is worth approximately $4.17MM. The 6’3″ guard averaged 14.9 points and 3.4 assists per game last season while knocking down 37% of his 5.6 attempts from downtown per game.
  • Hart’s new four-year, $81MM extension with the Knicks includes a team option on the fourth and final year, according to Fred Katz of The Athletic (Twitter link). That means just $58MM of the contract is guaranteed, with the option being worth $22.3MM in 2027/28. Hart’s extension kicks in during the 2024/25 season.
  • In a recent article, CBS Sports’ Sam Quinn ranked every traded future NBA first round draft pick. In total, Quinn ranks 56 picks that have shifted hands via various trades. The 2029 Suns first round pick grades out as the most valuable in Quinn’s eyes and that pick belongs to the Nets by virtue of the Kevin Durant trade at last season’s deadline. Quinn argues that it’s hard for teams to win championships and that Phoenix doesn’t have much room to improve beyond the next couple of years since the franchise traded virtually every pick it owned in exchange for Durant and Bradley Beal. In total, Quinn ranked two incoming Nets picks in the top three, and Brooklyn controls four of the top six picks Quinn ranks. The 2029 Mavericks first round pick that now belongs to the Nets via the Kyrie Irving trade comes in at No. 3, while the Suns also owe Brooklyn their unprotected 2027 first round pick and a 2028 first round pick swap, which rank No. 5 and No. 6 in Quinn’s list.

Celtics-Lakers, Bucks-Knicks Among 2023/24 Christmas Day Games

The full Christmas Day game schedule is now known thanks to Shams Charania of The Athletic (Twitter link). As usual, the holiday features five games, including a matchup between the rival Lakers and Celtics in Los Angeles.

Additionally, the Knicks host the Bucks, the Sixers and Heat play in Miami, the Mavericks and Suns square off in Phoenix, and the Nuggets host the Warriors.

Both the Celtics and the Lakers are expected to be title contenders next season. The Lakers revamped their roster, while the Celtics did the same. Boston made a huge switch-up when they moved longtime Celtic Marcus Smart in a trade that brought in Kristaps Porzingis. By moving Smart, the Celtics committed to playing a bigger lineup, with Porzingis, Al Horford and Robert Williams all expected to have major roles. The Celtics also lost Grant Williams but added Oshae Brissett to help fill the void.

The Bucks and Knicks are both interesting players in the Eastern Conference. Milwaukee fell to the Heat as the No. 1 seed last year, but brought back the majority of their roster, including Brook Lopez to a two-year, $48MM deal and Khris Middleton to a three-year, $98MM deal. Jae Crowder also re-signed. Robin Lopez and Malik Beasley joined Milwaukee in free agency while the team drafted Andre Jackson Jr. and Chris Livingston.

New York didn’t have many moves to make in free agency, with most of their roster under contract. Josh Hart recently extended with the Knicks and they brought in Donte DiVincenzo, who will be squaring off against the team who drafted him. While the Knicks might not end up winning the chip, there’s thought that they improved on a roster that was the No. 5 seed last season.

The Heat and the Sixers may look vastly different by the time Christmas rolls around. Both teams are facing trade requests, but on different sides. Trail Blazers star Damian Lillard asked Portland a trade, with Miami as his preferred destination. There’s no telling when or if the Heat and Lillard will unite. If they do, the Heat immediately become one of the best teams in the NBA, pairing Lillard with Bam Adebayo and Jimmy Butler. If not, they’re likely worse off. Even though they added Josh Richardson, Thomas Bryant and Jaime Jaquez Jr. to their roster, the Heat lost Gabe Vincent and Max Strus, two key playoff contributors. The Heat did make the NBA Finals last season but did so after scraping past the play-in tournament.

Meanwhile, the Sixers saw James Harden request a trade out of Philadelphia and reportedly express a desire to be sent to the Clippers. That hasn’t happened yet, and Harden remains a member of Philly. There’s a chance the Sixers could bring Harden to camp and into the season, but it would be surprising if he was a member of the team by the time Christmas arrives. The Sixers won 54 games last season but losing Harden would hurt. Their best move this season has been to re-sign Paul Reed, but they have no avenue to adding additional talent and any Harden trade to the Clippers is unlikely to bring back a star return. That means an even bigger plate for last year’s MVP Joel Embiid, Tyrese Maxey and Tobias Harris. Additionally, Patrick Beverley and Mohamed Bamba signed with the Sixers this offseason.

Any matchup between the Sixers and Heat is of note, considering Butler’s history in Philadelphia and the unofficial rivalry between the two teams.

The Suns added a new star to their roster while the Mavericks kept their co-star this offseason. While Dallas finished last year outside of the playoffs after trading for Kyrie Irving, the Mavericks doubled down on his pairing with Luka Doncic by signing him to a new three-year, $120MM contract. Dallas fleshed out the rest of the roster by adding Grant Williams, Seth Curry, Richaun Holmes and Derrick Jones Jr. while drafting Dereck Lively II and Olivier-Maxence Prosper.

The matchup between the Suns and Mavericks features a battle between former Nets teammates Kevin Durant and Irving.

We went over the new-look Warriors and defending-champion Nuggets in a previous story.

Charania revealed the opening day matchups earlier today, which likely means the full schedule will be revealed sometime in the near future.

Knicks Sign Josh Hart To Four-Year Extension

AUGUST 10: Hart’s extension is official, the Knicks announced (via Twitter).

“Josh’s immediate impact on our team last season — both on and off the court — cannot be understated. … The leadership and competitiveness Josh brings fits perfectly with the culture we are building,” president Leon Rose said.


AUGUST 9: The Knicks and forward Josh Hart are finalizing a four-year contract extension worth $81MM, his agents at CAA Basketball tell Adrian Wojnarowski of ESPN (Twitter link).

Hart, who was traded from Portland to New York on February 9, was ineligible to sign an extension that tacked on more than two years to his expiring contract until at least six months after he was dealt. He and the Knicks are wasting no time in getting something done.

According to Wojnarowski (Twitter link), the two sides are working through the final details of an agreement, which can be officially completed as soon as Thursday.

Hart had the opportunity to reach unrestricted free agency this summer by turning down a $12.96MM player option but decided to pick up that option, creating some extra short-term spending flexibility for the Knicks, who took advantage by signing Hart’s former Villanova teammate Donte DiVincenzo in free agency.

While the Knicks and Hart may not have had a formal agreement in place at the time he exercised his option, there was likely an understanding that they’d work out a longer-term contract once he became eligible to sign one.

The NBA’s new Collective Bargaining Agreement allows Hart to receive a raise of up to 40% on his current salary, with subsequent 8% annual increases. That would work out to a maximum starting salary of $18,144,000 and a four-year total of $81,285,120, which lines up with Wojnarowski’s reporting. We’ll have to wait to see whether the deal is fully guaranteed or includes any options.

Hart averaged 10.2 points, 7.0 rebounds, 3.6 assists, and 1.4 steals in 30.0 minutes per game across 25 regular season appearances after being acquired by the Knicks at February’s trade deadline. He was also an important part of the club’s playoff rotation, starting five of 11 games and averaging 32.1 minutes per night.

The 51.9% three-point percentage that Hart posted after the trade is unsustainable, but he’s capable of knocking down an outside shot (.350 career 3PT%) and is a talented, versatile defender who is a strong rebounder for his position and size (6’5″). The 28-year-old is considered a good fit for head coach Tom Thibodeau‘s system, so it’s no surprise that the team was eager to lock him up for the long term.

Hart was the only member of Team USA’s 12-man roster that didn’t play in Monday’s exhibition game against Puerto Rico, but he’ll likely see some action once he officially signs his new contract. The U.S. team has tune-ups against Slovenia and Spain on tap this weekend, followed by exhibition contests vs. Greece and Germany next week before the World Cup officially tips off later in the month.

Hart’s extension will make him ineligible to be traded for six months. That trade restriction won’t expire until after this season’s deadline, as we detailed on Tuesday.

World Cup Notes: Hart, Giannis, Giddey, Dellavedova

Several members of Team USA have new contracts to celebrate this summer as they prepare for the FIBA World Cup, writes Joe Vardon of The Athletic. Josh Hart became the latest player with a new deal, signing a four-year, $81MM extension with the Knicks electronically Thursday morning while the Americans prepared for a pair of exhibition games in Spain.

“It was actually pretty cool, I was just laying down on the training table, getting some treatment, on FaceTime with (his wife Shannon) and signing the contract,” Hart said. “It meant a lot. I wasn’t highly touted coming out of high school, wasn’t highly regarded in the draft, went through free agency the first time and I was restricted, it was a terrible experience for me, so to be able to do this, it’s a dream come true – just being able to have something that can take care of my parents, my family, my kids.”

Other U.S. players also had productive offseasons. Pacers guard Tyrese Haliburton and Timberwolves guard Anthony Edwards both signed five-year, maximum-salary extensions. Cameron Johnson got $100MM over five seasons to stay with the Nets, and Austin Reaves re-signed with the Lakers for approximately $54MM over four years.

“Yeah, that’s my kids’ kids’ money, for sure,” Edwards said. “It don’t matter (which player’s contract we’re talking about), that’s a lot of money.”

There’s more on the World Cup:

  • Giannis Antetokounmpo traveled to the United States for more testing on his knee before deciding whether to play for Greece, according to Johnny Askounis of Eurohoops. The Bucks‘ medical staff will reportedly work with doctors from the Greek team to determine the best course of action for Antetokounmpo.
  • Wenyen Gabriel is the most recognizable player for South Sudan, which is preparing for its first-ever World Cup appearance, Askounis adds in a separate story. Other team members with NBA ties include Marial Shayok, Mangok Mathiang and Carlik Jones.
  • Thunder guard Josh Giddey is ready to become the new on-court leader for Australia, per Olgun Uluc of ESPN. Coach Brian Goorjian plans entrust his offense to the 20-year-old, who is seen as the future of the Australian basketball. “Giddey sets the standard of, eventually you’re gonna be the guy for this program, and he’s an unselfish player, so that sets the standard straight out of the gates,” teammate Jock Landale said. “He’s already embodied the Boomers mentality, and our culture, just through how he plays. It’s gonna come naturally to him, and he’ll fit in really nicely.”
  • Veteran guard Matthew Dellavedova isn’t part of Australia’s 13-man roster for exhibition games prior to the start of the tournament, according to Eurohoops.

And-Ones: Dort, Brooks, Trade Deadline, Allen, Wade, Riley

While the focus in this country is on Team USA’s preparation for the FIBA World Cup, Team Canada is also filled with NBA players. It’s looking at the combination of the Thunder‘s Luguentz Dort and the Rockets’ Dillon Brooks to spearhead their defense, according to Eric Koreen of The Athletic.

“We keep our own secrets, as good defenders. … I kind of know what he does, and he kind of knows what I do at the same time,” Dort said. “I’m ready to go to work with him, and it’s going to be tough to go against good defenders like us.”

Brooks said he admires Dort’s approach. “I’ve kind of watched him become a defensive stopper,” Brooks said. “Guys don’t want to deal with that physicality all night.”

Canada plays its tournament opener against France on Aug. 25.

We have more from around the basketball world:

  • The start of the regular season will be Oct. 24, a week later than usual. However, the trade deadline won’t be pushed back a week, Fred Katz of The Athletic notes in a Twitter thread. The trade deadline remains the second Thursday of February, which falls on the 8th. It’s significant for the Knicks and Josh Hart if those parties reach an extension agreement. A player is not trade-eligible until six months after he signs an extension, so if Hart gets one, he can’t be dealt during the upcoming season.
  • Longtime NBA player Tony Allen has been sentenced for his role in a $5MM benefits scam, New York court reporter Pete Brush tweets. Allen, who paid back most of the $420K he illegally took before being charged, avoided prison and was sentenced to community service and supervision. Allen expressed remorse for his illegal activities. “I fully acknowledge my individual responsibility and I understand the gravity of my actions,” he said. “As a member of the NBA community I failed to uphold our core values.”
  • Dwyane Wade will become the first player drafted by the Heat to be inducted into the Hall of Fame. Team president Pat Riley expressed regret that Wade didn’t spend his entire career with the organization, Anthony Chiang of the Miami Herald reports. After playing for Miami for 13 seasons, he had stops in Chicago and Cleveland before returning to the Heat “I was sad to see him go, I was upset that he went,” Riley said about Wade signing with the Bulls. “I knew we could work something out, but we didn’t. We did not work it out the way that he wanted it to be worked out and that’s our fault. I think probably as much as myself and Micky [Arison] and anybody else with the Heat, I think Dwyane went to Chicago and then he went to Cleveland, I think he wanted back as much as any of us wanted him back.” The Hall of Fame induction ceremony is Saturday.

Team USA Notes: Edwards, Hart, Banchero, Young

After completing its five-day training camp in Las Vegas, Team USA played its first official exhibition game ahead of this year’s World Cup on Monday and defeated Puerto Rico by a score of 117-74. The U.S. squad was up by just seven points at the half, but outscored the Puerto Ricans by 36 in a dominant second half.

As Tim Bontemps of ESPN writes, Timberwolves guard Anthony Edwards earned a spot in the starting five for Team USA alongside Jalen Brunson, Mikal Bridges, Brandon Ingram, and Jaren Jackson Jr., and showed why he belonged in that group. Edwards scored a team-high 15 points on 7-of-13 shooting while also adding four assists and four steals.

“Anthony was great,” head coach Steve Kerr said. “He fits the FIBA game really well because of his physicality at both ends. He can get through contact. They allow a lot of contact on drives, so he can get through that contact with his strength and then using that same strength defensively, body people up and keep them from penetrating. So I thought he was great, but I thought the whole team really played well.”

The U.S. roster lacks an established scorer with FIBA experience whom the team could turn to for an important late-game basket, leading to speculation that Edwards could emerge as that player. Monday’s performance was a promising start.

Here’s more on Team USA as it prepares for upcoming tune-ups against Slovenia and Spain this weekend:

  • As Bontemps notes, Knicks forward Josh Hart was the only player who didn’t see any action on Monday vs. Puerto Rico. Team USA said he was out for “rest” purposes, but it’s probably no coincidence that Hart will become extension-eligible later this week — it will be interesting to see if he has an agreement on a new deal in place with New York by the time the U.S. faces Slovenia on Saturday.
  • Magic forward Paolo Banchero spent some time at center during Monday’s exhibition, and it sounds like Kerr plans to continue using him in that role going forward, per Joe Vardon of The Athletic. “He’s going to play some five,” Kerr said. “One of the things we really found in ’21 in the Tokyo Olympics was having a 5 that can push the ball in transition (as Bam Adebayo did) and create plays is very difficult for FIBA teams to handle. He can play some four, as he showed, but he’ll play plenty of five as well.”
  • In a separate ESPN.com story, Bontemps shares some early observations about Team USA’s starting five, its plan to lean on smaller lineups, and how using Banchero at the five could help create a “devastatingly effective” second unit offensively.
  • Within a larger discussion about Team USA during the latest episode of The Hoop Collective podcast (YouTube link), Bontemps, Tim MacMahon, and Brian Windhorst of ESPN express some skepticism that Trae Young will be part of the 12-man roster that represents the U.S. at the Paris Olympics next year, despite his desire to do so. “I heard Trae Young did not make a great case for himself during his previous time in the Team USA program,” MacMahon said.