- Fred Katz of The Athletic explores 10 potential targets for the Knicks with their non-taxpayer mid-level exception. Katz cites Nuggets swingman Bruce Brown as one possibility, although Brown might be able to exceed the MLE on the open market and he doesn’t solve the team’s need for more outside shooting.
Josh Hart has reached an agreement with the Knicks to extend the deadline on his $12.9MM player option, according to ESPN’s Adrian Wojnarowski. Hart’s decision was originally due by midnight ET today, but that deadline has been pushed back until Thursday.
Re-signing Hart remains a priority for New York, Wojnarowski adds, so the two sides could be working out the details of a long-term contract that would require him to turn down the option. If he declines it without reaching a new agreement with the Knicks, Hart will be unrestricted when free agency begins on Friday.
Hart also has the choice of picking up his option and negotiating an extension off that, Wojnarowski adds, stating that he can start the extension at 140% of his $12.9MM salary. Doing that would enable the Knicks to use their $12.4MM non-taxpayer mid-level exception, Woj points out, adding that New York has about $149MM in guaranteed salary for next season (including Hart’s option), which is $16MM below the projected luxury tax.
If Hart exercises the option without a new deal, he would become eligible for an extension in August that could be worth up to $81MM over four seasons, tweets Fred Katz of The Athletic.
The 28-year-old swingman became a valuable part of coach Tom Thibodeau‘s rotation after being acquired from Portland at the trade deadline. Hart appeared in 25 games after arriving in New York, averaging 10.2 points, 7.0 rebounds and 3.6 assists in 30.0 minutes per night. He also shot 51.9% from three-point range and brought a fiery style that fits in well with Thibodeau’s philosophy.
The Knicks plan to decline Derrick Rose‘s $15,596,339 team option for 2023/24, reports Steve Popper of Newsday (subscriber link).
As Popper writes, Rose was beloved throughout the organization, particularly by head coach Tom Thibodeau, but his on-court role in ’22/23 was virtually non-existent after December. He appeared in just one regular season game after the calendar flipped to 2023.
Still, the Knicks valued his leadership and the way he handled being benched, and a reunion on a minimum-salary deal is still a possibility if Rose is unable to find an opportunity for more playing time, Popper adds.
New York had until midnight on Saturday to make a decision on Rose’s option, per Popper.
Overall, Rose averaged career lows in points (5.6) and minutes (12.5) per game across 27 contests. He posted a .384/.302/.917 shooting line in his limited opportunities this past season.
Fred Katz of The Athletic confirms the news (Twitter links), noting that it may not have been as obvious a decision as it might appear on the surface. As Katz previously wrote, picking up Rose’s option could have given the Knicks an opportunity to use him as a salary-matching piece in trades, but now that has been eliminated as a possibility.
The 2010/11 league MVP and former No. 1 overall pick will become an unrestricted free agent and will be able to sign with any team. He was previously linked to the Bulls and Bucks.
The Knicks project to have access to the full mid-level exception in free agency after declining Rose’s option, tweets Ian Begley of SNY.tv.
JULY 3: Martin’s two-way contract with the Knicks is now official, per NBA.com’s transaction log.
JUNE 23: Undrafted former Overtime Elite guard Jaylen Martin has agreed to a two-way contact with the Knicks, sources tell Shams Charania of The Athletic (Twitter link).
The 19-year-old averaged 14 points, 5.9 dimes, 1.6 steals, 1.4 rebounds and 0.7 blocks a night across 23.3 minutes per during his lone season with the Atlanta-based developmental league, per Overtime Elite’s official website.
As a two-way signing, the 6’6″ prospect is expected to split his time between New York and the club’s NBAGL affiliate, the Westchester Knicks.
With New York having already agreed to sign former Kentucky forward Jacob Toppin, younger brother of Knicks power forward Obi Toppin, to a two-way contract earlier tonight, two of the team’s three available two-way slots are now accounted for.
It remains to be seen whether or not New York will decide to bring back either of last year’s two-way players, shooting guard Trevor Keels and combo guard Duane Washington, to occupy that third and final two-way contract.
Zach LaVine‘s representative oppose a potential trade to the Knicks, Stefan Bondy of the New York Daily News reports.
The Bulls’ star swingman is represented by superagent Rich Paul of Klutch Sports, while the Knicks have a reputation of favoring clients of CAA, the agency that employed Leon Rose before he took over as New York’s president of basketball operations.
Paul has told confidants for over a year he prefers not to have a client play for the Knicks, according to former Knicks beat reporter Marc Berman (Twitter link). Cam Reddish‘s stint with the Knicks didn’t help matters, as he’s also represented by Klutch Sports. The frosty relationship between Rose and Paul developed during the LeBron James saga — Rose was James’ agent before switching to Klutch.
New York, which didn’t have a first-round pick in Thursday’s draft, has reportedly been seeking ways to acquire another star. LaVine would certainly upgrade their offense — he averaged 24.8 points and 4.2 assists. However, he also brings a huge long-term salary concern for would-be trade partners. He’s entering the second year of his five-year, $215,159,700 contract.
The Knicks can put together an impressive package of picks and young players if the right deal comes along. They were reportedly involved in negotiations with the Wizards for Bradley Beal. A source told Bondy that the Knicks were not having ongoing discussions with the Clippers regarding a potential trade for Paul George. The Knicks reportedly had interest in George, then reconsidered given his age and injury history.
Having agreed to acquire point guards Tyus Jones and Chris Paul in separate trades, the Wizards have begun talking to rival teams about Monte Morris, league sources tell Jake Fischer of Yahoo Sports. According to Fischer, Washington’s front office – which has already been very active this offseason – is telling potential trade partners that the team doesn’t want to take on any long-term money.
It remains to be seen what the Wizards have in mind for Paul. Adrian Wojnarowski of ESPN (YouTube link) said during a TV appearance earlier this week that he doesn’t get the sense that Washington is trying to “bottom out” by going into full tank mode, suggesting he can envision a scenario where Paul is on next season’s roster. However, that was before the team agreed to acquire Jones.
According to Fischer, the Wizards and Suns are tentatively planning for the Bradley Beal trade call to take place on Friday. It’s unclear whether Paul will be flipped to a new team as part of that deal or whether Washington’s three-team trade with Boston and Memphis might be folded into the same transaction.
Here are a few more trade rumors from around the NBA:
- Andrew Greif and Broderick Turner of The Los Angeles Times provide a little more context on the recent Paul George trade rumors, suggesting that the Knicks initiated talks with the Clippers but are hesitant to pursue the star forward, who may seek an extension when he becomes eligible this offseason. There’s a sense that George’s value might not be as high as the Clippers would like, given his injury history and his contract situation, per The Times’ duo. A previous report indicated he’s unlikely to be dealt.
- Rising star Mikal Bridges tells Brian Lewis of The New York Post that he has been informed by the Nets that they have no interest in trading him. The team has conveyed that stance both publicly and privately, according to Lewis. “As of right now they’re saying they’re not, but I think just being a good person kind of helps with that, because there’s just like you don’t want to lose a person like that, which is always a good quality to have,” Bridges said. “So, [I feel] just blessed, man; just blessed and very appreciative for that. And that just does show that love, honestly.”
- In addition to offering four first-round picks for Bridges at the trade deadline, the Grizzlies are also said to have targeted Magic forward Franz Wagner in recent months, Fischer reports. Fischer refers to the team’s decision to surrender a pair of first-rounders for Marcus Smart as a “middle-ground” move after those more ambitious pursuits didn’t pan out.
- While it doesn’t sound like Bridges will be going anywhere this offseason, the futures of fellow Nets forwards Dorian Finney-Smith and Royce O’Neale remain uncertain. According to Fischer, Brooklyn is seeking a first-round pick in return for O’Neale and wants a pick and a player for Finney-Smith.
- It may end up being a quiet draft night for the Bulls, who don’t currently have a pick, but they’re still exploring ways to acquire a first-rounder, reports Joe Cowley of The Chicago Sun-Times. In other Bulls news, Cowley hears from sources that free-agent-to-be Nikola Vucevic may be willing to give Chicago a “hometown discount” on a new multiyear contract. The big man made $22MM this past season.
Evan Fournier‘s representatives are working to find a trade involving their client, a source tells Stefan Bondy of The New York Daily News (Twitter link). As Bondy notes, the news is hardly surprising, given that Fournier spoke after the Knicks‘ season ended about his expectation that he wouldn’t be back with the team in 2023/24, despite being owed a guaranteed salary of $18.9MM.
Finding a taker for Fournier won’t be easy for his reps, given that the veteran wing doesn’t have positive trade value even though he’s on a pseudo-expiring contract (his deal includes a 2024/25 team option). The Knicks will almost certainly have to package him with more valuable assets to get anything worthwhile in return.
Here’s more on the Knicks:
- The Knicks and Clippers have been in touch about a possible Paul George trade, sources tell Ian Begley of SNY.tv (Twitter link). However, the star forward is unlikely to be moved, according to Jake Fischer of Yahoo Sports, who says the Trail Blazers also expressed interest in building a deal around the No. 3 pick and George, and failed to gain any traction. The Clippers remain focused on building their roster around George and Kawhi Leonard, Fischer says.
- Begley believes that the Knicks and Obi Toppin‘s camp may work together to find him a new home this offseason, unless the team makes other moves that open up more regular minutes for the former lottery pick (Twitter video link).
- According to Fred Katz of The Athletic, Toppin and Knicks head coach Tom Thibodeau had an “intense verbal altercation” following Game 4 of the club’s playoff series vs. Miami after the forward was held out of action for the entire second half. However, Katz clarifies that there doesn’t seem to be any lingering resentment related to that incident, and says the team didn’t show any interest in moving Toppin at the 2023 trade deadline. Katz also polled 15 executives about Toppin’s potential value on a rookie scale extension — 10 of those respondents suggested an annual salary between $10-15MM.
- Several “influential” people within the Knicks organization are fans of swingman Donte DiVincenzo, who is expected to reach unrestricted free agency this offseason, per Begley.
- Knicks guard Miles McBride has generated some interest from rival teams, according to Begley, who adds that McBride’s minimum-salary team option for 2023/24 looks like a lock to be exercised with or without a trade.
- Julius Randle believes the Knicks are “not that far off” from being a championship team, he said on Paul George‘s Podcast P show (hat tip to SNY TV’s Ian Begley). “We got a great mixture of talent, bro. We’ve got young dudes, we’ve got guys going in their prime. So we’ve got a great mixture of guys and it’s like, ‘How do we keep getting better?’ So from a team standpoint, I think that’s where we at.”
- Obi Toppin’s trade value could be a late first-rounder in this year’s draft, a source told Stefan Bondy of the New York Daily News. The Pacers could be a potential suitor for the Knicks’ backup power forward, Bondy suggests, since they were interested in him before last season’s trade deadline and possess two late first-round picks. However, Toppin has supporters within the organization and he would become more valuable to the Knicks if they deal Randle in a blockbuster.
With Bradley Beal headed to Phoenix, the Suns are no longer likely to be players for Celtics guard Malcolm Brogdon, whom they were linked to last week, writes Brian Robb of MassLive.com.
As Robb notes, the Suns still have Deandre Ayton as a trade chip and could theoretically send him out in a Brogdon trade. But the Celtics aren’t interested in Ayton due to his pricey multiyear contract, Robb says, so a third team would have to be involved to take Ayton and send something to Boston. Even if the Suns and Celtics could find a third team, it seems unlikely that Phoenix would want to trade Ayton for another guard, given the current make-up of the team’s core.
Here are a few more trade rumors and notes from around the NBA:
- Kevin O’Connor of The Ringer has gotten the sense from league sources that if the Trail Blazers were to make a trade with the Pelicans involving the No. 3 pick, they’d rather acquire Zion Williamson than Brandon Ingram. Shams Charania of The Athletic previously reported that the Hornets (at No. 2) would likely prefer Ingram to Williamson.
- Although he expects Williamson to open the 2023/24 season with the Pelicans, Ian Begley of SNY.tv explores potential pathways for the Knicks to acquire the former No. 1 overall pick.
- During an appearance on FanDuel TV (Twitter video link), Charania says the Warriors were among the teams to discuss a Chris Paul trade with the Suns before Phoenix agreed to acquire Beal from Washington. With the Wizards exploring the possibility of flipping Paul to a third team, it’s unclear whether or not they’ve touched base with Golden State.
- The Clippers, previously identified as a possible trade partner for Paul, wouldn’t shut the door on re-signing Russell Westbrook if they were able to land CP3, according to Law Murray of The Athletic, who hears from sources that the Clips would still offer Westbrook the biggest deal they can using his Non-Bird rights (120% of the veteran’s minimum).
JUNE 19, 12:21pm: In addition to Beal and Goodwin, the Wizards are also sending Isaiah Todd to the Suns in the trade, according to Wojnarowski (Twitter link). Todd’s minimum salary ($1,836,096) for the 2023/24 season is fully guaranteed.
As John Hollinger of The Athletic tweets, Todd is coming off a disappointing season and was no longer in the Wizards’ plans, but from the Suns’ perspective, he’ll be a little cheaper than a minimum-salary veteran.
JUNE 18, 7:34pm: The Wizards are likely to include Jordan Goodwin in the trade, Josh Robbins of The Athletic tweets. Goodwin’s minimum-salary ($1,927,896) contract for next season is currently partially guaranteed for $300K.
JUNE 18, 3:35pm: The Wizards and Suns have agreed to a blockbuster trade that will send Bradley Beal to Phoenix, reports Adrian Wojnarowski of ESPN (Twitter links).
According to Wojnarowski and Shams Charania of The Athletic (Twitter link), the Wizards are expected to receive Chris Paul, Landry Shamet, multiple second-round picks, and multiple pick swaps in the trade. It will likely take a few days for the deal to be officially finalized, Woj adds.
Word first broke on Wednesday that the Wizards and Beal’s camp had been in contact about possible trade scenarios as the team’s new front office – led by president of basketball operations Michael Winger – mulled the possibility of a roster reset.
Beal’s contract, which has four years and nearly $208MM left on it, includes a no-trade clause, which gave him significant control over the process and limited the Wizards’ options. On Saturday, reports indicated that Washington was in serious talks with the Suns and Heat about possible deals involving the star guard.
It’s unclear whether the Wizards preferred the Suns’ offer, Beal preferred Phoenix over Miami, or both. John Gambadoro of Arizona Sports 98.7 (Twitter link) hears that Phoenix was the only place Beal wanted to go, viewing it as the best fit for him and his family. However, according to Barry Jackson of The Miami Herald (Twitter link), the 29-year-old would have been happy to land with the Heat too, but the Suns were more aggressive in their pursuit.
Either way, Beal will form a new Big Three alongside Kevin Durant and Devin Booker, as new Suns owner Mat Ishbia takes another big swing following the team’s deadline acquisition of Durant. A three-time All-Star, Beal will be changing teams for the first time in his career following 11 years in Washington.
“This was an extremely complicated process with so many different hurdles to get through and (Wizards owner) Ted Leonsis and Michael Winger were unbelievable partners in making this happen,” Beal’s agent Mark Bartelstein said in a statement confirming the agreement, per Wojnarowski (Twitter link).
One of the NBA’s most prolific scorers in recent years, Beal averaged 30.5 points per game in 2019/20 and 31.3 PPG in 2020/21, but has seen his numbers dip in the past two seasons as he battled injuries and cut back on his shot attempts. In 90 games since the start of the ’21/22 season, he has averaged 23.2 PPG and 6.0 APG on .480/.333/.838 shooting in 34.6 minutes per night.
With Durant, Booker, Beal, and former No. 1 overall pick Deandre Ayton all on maximum-salary contracts that run through at least 2025/26, the Suns’ team salary projects to be over the NBA’s new second tax apron for the next three seasons or more, limiting their ability to upgrade their roster around that core, tweets ESPN’s Bobby Marks. Barring a trade of Ayton, Phoenix will have to fill out its roster this offseason by re-signing its own free agents and/or adding outside free agents on minimum-salary contracts.
Having already sent their 2023, 2025, 2027, and 2029 first-round picks – as well as a 2028 first-round pick swap – to Brooklyn for Durant, the Suns could only offer the Wizards a pick swap in 2024 and/or 2026 in addition to multiple second-round selections. Phoenix’s 2029 second-rounder is the only one that was traded away in a previous deal.
Meanwhile, Winger’s tenure in D.C. will begin with a cost-cutting trade of a franchise player who signed what was – at the time – the richest contract in NBA history just one year ago. Paul and Shamet are under contract through at least 2024/25, but aren’t owed any guaranteed money beyond ’23/24, so they’re essentially on expiring contracts, while Beal would have made an average of $52MM through ’26/27.
Paul’s $30.8MM salary for next season is currently only partially guaranteed for $15.8MM, but that guarantee will need to be increased by nearly $10MM in order to meet the NBA’s salary-matching rules.
[RELATED: Hoops Rumors Glossary: Trade Rules For Non-Guaranteed Salaries]
A league source tells Josh Robbins of The Athletic (Twitter link) that the Wizards would like to keep Paul for next season, but if CP3 decides he wants to be on a club closer to contention, the Wizards and Suns would work to expand the trade to get him to a third team. It’s unclear whether Paul might be waived or bought out if he doesn’t want to play in D.C. and the trade can’t be turned into a three-team deal.
If he’s cut by Washington, Paul would be ineligible to return to the Suns, but would almost certainly pass through waivers and be able to sign with any other team as an unrestricted free agent. The Lakers are reportedly among the clubs expected to have “strong” interest in him in that scenario.
Shamet is owed $10.25MM in 2023/24 with non-guaranteed cap hits of $11MM and $11.75MM for the following two seasons.
Having moved on from Beal, the Wizards will now face major decisions on Kyle Kuzma and Kristaps Porzingis, both of whom can become unrestricted free agents if they decline player options for 2023/24.
If Washington pivots to a full rebuild, it will have a ripple effect on the Knicks, who are owed one of the Wizards’ first-round picks. That pick is top-12 protected in 2024, top-10 protected in 2025, and top-eight protected in 2026. It would turn into a pair of second-rounders if it hasn’t conveyed by then.
As for the Heat, they intend to shift their focus to Trail Blazers guard Damian Lillard and genuinely believe that Lillard could seek a trade out of Portland this offseason, reports Chris Haynes of Bleacher Report and TNT (Twitter link).
Beal has a 15% trade kicker, but because he’s already earning the maximum salary, it will be voided in this deal, Marks notes (via Twitter). Crucially, the guard’s no-trade clause will carry over to Phoenix, so the Suns would need to get his approval if they want to trade him down the road.