New York Knicks Rumors | Hoops Rumors

Kemba Walker Gave Up $20MM In Thunder Buyout

August 9th, 2021 at 2:48pm CST by Luke Adams

Veteran point guard Kemba Walker gave up $20MM in his buyout agreement with the Thunder, according to Keith Smith of Spotrac (Twitter link). Bobby Marks of ESPN (Instagram video) first reported that Walker was giving back $20MM as part of that deal.

Walker’s cap hit with Oklahoma City will be reduced by $9,777,778 in 2021/22 and by $10,222,222 in 2022/23, per Smith. The 31-year-old guard had originally been set to earn $36,016,200 this season and $37,653,300 in ’22/23.

It’s a significant concession by Walker, whose new deal with the Knicks is reportedly to be worth approximately $8-9MM per year over two seasons. It’ll be interesting to see whether his new salaries match the amounts he gave up in the buyout, or if he ends up making a little less as a result of his decision to play for his hometown team.

The terms of the buyout also help explain why the Thunder were willing to move on from Walker now rather than trying to rebuild his value during the coming season and flip him for an asset down the road.

Walker, who was traded from Boston to Oklahoma City in June, was limited to 43 games for the Celtics in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.

Walker officially cleared waivers on Sunday, so his new deal with New York can be completed anytime. The Knicks haven’t yet announced any of their free agent signings — they’ll likely finalize them one after another at some point, whether that happens today or later in the week.

Knicks Sign Jericho Sims To Two-Way Deal

August 8th, 2021 at 3:51pm CST by Alex Kirschenbaum

The Knicks have added forward Jericho Sims on a two-way contract, the team announced today in a press release (Twitter link). The deal will cover two seasons, tweets Keith Smith of Spotrac.

Sims, selected with the No. 58 pick out of Texas, will be eligible to appear in 50 games with New York while on his two-way contract. If the Knicks want to play Sims in more than 50 games, his contract would need to be converted to a standard deal.

As a two-way player, Sims also figures to spend time with the Knicks’ Westchester affiliate during the season for further development. A four-year college player, the 22-year-old was honored with an All-Big 12 Team selection during his final season in Austin.

The 6’10” big man averaged 9.2 PPG, 7.2 RPG and 1.1 BPG across 27 games for the 2020/21 NCAA regular season, including 26 starts. He also connected on 69.6% shooting from the field, the second-best field goal percentage in UT’s history for a single year.

It was previously rumored that Sims, currently with New York’s Summer League squad in Las Vegas, would most likely join the Knicks on a two-way deal. The Knicks still have a second slot in which to ink a two-way player for the upcoming 2021/22 season.

New York Notes: Knight, Durant, Vildoza, Walker

August 8th, 2021 at 10:07am CST by Arthur Hill

Former lottery pick Brandon Knight is trying to work his way back into the NBA with the Nets‘ Summer League team, writes Brian Lewis of The New York Post. Knight’s career was derailed by knee injuries, and he hasn’t played in the NBA since splitting 25 games with the Cavaliers and Pistons in 2019/20.

Knight worked out for the Bucks in March, but Milwaukee decided against signing him. The 29-year-old says his knees are no longer an issue and he’s eager to show that he still has an NBA future.

“The narrative of my knees, that I’m not healthy, that’s not right,” Knight said. “So for me, the narrative is just to show that I’m healthy. I’m ready to play. And I’m here. Most importantly, I’m here to serve these young guys. Summer league is not about me. … My goal is to serve to serve these young guys, give them wisdom, and try to help them and be a servant in any place that I can be.”

There’s more from New York:

Nets star Kevin Durant was named MVP of the Men’s Olympic Basketball Tournament, FIBA announced in a press release. He capped off a brilliant performance with 29 points in the gold medal game against France. Australia’s Patty Mills, who agreed to a two-year deal with Brooklyn in free agency, was named to the all-tournament team.
The Knicks will get their first look at Luca Vildoza when Summer League play starts today, notes Marc Berman of The New York Post. The Argentinian point guard signed a four-year, non-guaranteed contract in May, but he wasn’t used in any games. Vildoza’s future with New York seems less certain after the team drafted point guards Miles McBride and Rokas Jokubaitis, Berman adds. “I’m trying to work hard. I’m trying to show myself,” said Vildoza, who just returned from the Olympics. “I just want to show who I am. If after that, I can’t get onto the team, that’s OK. At least I gave everything.’’
The Knicks‘ offseason appears successful, but there are some risks involved, states Steve Popper of Newsday. The most significant one involves whether Kemba Walker‘s knee can hold up for an entire season.

Southeast Notes: Bamba, Oubre, Gill, Wizards

August 7th, 2021 at 10:01pm CST by Arthur Hill

Mohamed Bamba won’t play for the Magic when Summer League starts on Sunday, but he’s practicing with his teammates in Las Vegas, writes Chris Hays of The Orlando Sentinel. The third-year center got a path to regular minutes for the first time in his career when Orlando unloaded its veteran centers last spring and turned the position over to Bamba and Wendell Carter Jr.

“For me it was no-brainer,” Bamba said of his decision to come to Las Vegas. “We got a new coach, new system, new guys and I just wanted to get well acclimated way before training camp.”

Jamahl Mosley, who has taken over as head coach, said this week that it was encouraging to see Bamba join the team on his own. Bamba said he’s looking forward to playing under Mosley.

“He’s made it clear that my presence (on the floor) is needed, is wanted and it’s just all about getting out there and putting in the right amount of work,” Bamba said. “Practicing with the team only helps the chemistry of the team. Coming out here … I had a choice, either to stay in Orlando and work with the coaches that didn’t come to Summer League or come here and add in these good deposits from the team.”

There’s more from the Southeast Division:

Free agent forward Kelly Oubre received offers from eight other teams before deciding to sign with the Hornets, tweets Stefan Bondy of The New York Daily News. Oubre’s agent, Torrel Harris of Unique Sports International Management, says the Knicks, Lakers, Clippers, Bucks, Nuggets, Nets, Trail Blazers and Cavaliers all presented offers to Oubre.
Today marked the guarantee date for Wizards power forward Anthony Gill, tweets Fred Katz of The Athletic. Gill will make $1,517,981 in 2021/22, giving Washington 13 fully guaranteed contracts. That doesn’t include center Daniel Gafford, whose $1,782,621 won’t be guaranteed until the league-wide guarantee date of January 7.
Wizards Summer League players Cassius Winston, Issuf Sanon and Isaiah Todd have all been placed in the NBA’s health and safety protocols, according to Chase Hughes of NBC Sports Washington (Twitter link). Their replacements include former NBA players Cheick Diallo and Derrick Walton Jr. (Twitter link)

Knicks Sign Second-Rounder McBride

August 6th, 2021 at 6:56pm CST by Dana Gauruder

The Knicks have officially signed second-round pick Miles McBride, the team’s PR department tweets.

McBride, the 36th overall pick, was acquired in a draft-night trade with the Thunder. The 6’2” guard averaged 15.9 PPG, 4.8 APG and 1.9 SPG in 29 games last season with West Virginia. He also made 41.4% of his 3-point attempts. McBride played two seasons with the Mountaineers.

Terms were not disclosed, but the team has ample cap room to sign McBride to a contract that covers three or four seasons. McBride is currently on the Knicks’ summer league squad.

Thunder Place Kemba Walker On Waivers

August 6th, 2021 at 5:00pm CST by Luke Adams

The Thunder have officially waived point guard Kemba Walker, the team announced today in a press release. The two sides agreed to a buyout earlier this week and have now finalized that agreement.

Walker, 31, was limited to 43 games for the Celtics in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.

Oklahoma City acquired Walker from Boston back in June in Brad Stevens‘ first major roster move as the Celtics’ president of basketball operations. Although that deal was considered a salary-dump, with the Thunder receiving a first-round pick for taking on Walker, a report last week stated OKC believed it might be possible to flip him to another team for an asset. Those efforts were ultimately unsuccessful.

The move will open up more playing time for the Thunder’s young ball-handlers (besides Shai Gilgeous-Alexander), including Theo Maledon and Josh Giddey.

Walker, meanwhile, is now on track to clear waivers on Sunday, assuming the Thunder officially released him by 5:00pm ET today. Once he clears waivers, the veteran guard will sign with the Knicks.

Walker’s deal with the Knicks will be a two-year contract worth about $8-9MM annually, as Ryan McDonough of NBC Sports Boston first reported earlier in the week. The four-time All-Star will join a Knicks backcourt that also features Derrick Rose, Immanuel Quickley, Alec Burks, and second-round pick Miles McBride.

Celtics Holding Discussions With Dennis Schröder

August 6th, 2021 at 4:34pm CST by Dana Gauruder

4:34pm: Although there’s mutual interest between the Celtics and Schröder, he’s still considering a few options, a source tell Adam Himmelsbach of The Boston Globe (Twitter link). Himmelsbach adds that if Schröder ends up in Boston, it’s unlikely to happen via sign-and-trade.

1:28pm: The Celtics are holding negotiations with Lakers free agent guard Dennis Schröder, Jake Fischer of Bleacher Report tweets.

Boston has been shopping for a point guard since trading Kemba Walker to Oklahoma City in a salary dump. It’s likely that the Celtics would dangle their mid-level exception to Schröder, whose value declined after a subpar postseason performance against Phoenix. Boston could theoretically pursue a sign-and-trade with the Lakers, but there would be a number of hurdles to clear to make that type of transaction.

Michael Scotto of HoopsHype, confirming the Celtics’ interest in Schröder, hears that the team could offer a one-year deal or a two-year deal with a player option.

Schröder’s foray into free agency has been a disappointment. He reportedly turned down a four-year, $84MM extension offer from the Lakers and bet on himself that he’d receive on the open market.

The door closed on a return to Los Angeles when the team agreed to acquire Russell Westbrook from the Wizards. Other clubs have not made an offer near what Schröder had hoped. The Knicks thought about signing Schröder but were lukewarm about that prospect even before they agreed to sign Walker (once he clears waivers) on a two-year deal in the $8-9MM annual range, according to Marc Stein of Substack.

If he fails to reach an agreement with Boston, it’s possible that Schröder could look to return to one of his former teams. according to Stein. The Thunder could give him a one-year contract above the $9.536MM mid-level exception that most teams can offer, though it’s unknown whether OKC would be interested in signing him.

Oklahoma City could use Schröder as a trade chip, while he could try to pump up his value and re-enter the market again next summer.

Knicks Sign First-Rounder Quentin Grimes

August 6th, 2021 at 4:00pm CST by Dana Gauruder

The Knicks have signed first-round pick Quentin Grimes, the team’s PR department tweets.

Grimes, the 25th pick, was acquired in a draft-night trade with the Clippers. The 6’5” guard out of the University of Houston averaged 17.8 PPG, 5.7 RPG and 2.0 APG last season.

Assuming the usual 120% above rookie scale offers made to first-round picks, Grimes will make $2.17MM. Over the next four seasons with raises, he’ll max out at $11.13MM.

Eastern Notes: Smart, Jokubaitis, Magic Staff, Aldridge

August 6th, 2021 at 3:52pm CST by Dana Gauruder

The Celtics have offered Marcus Smart a four-year extension, longtime beat writer Mark Murphy tweets. The Celtics are awaiting a response from Smart’s agent, Jason Glushonworth, on an extension worth approximately $17MM annually, Murphy adds (Twitter link). The maximum possible extension the Celtics could give Smart would be worth around $77MM, Ryan McDonough of NBC Sports Boston tweets. The extension would kick in during the 2022/23 season. Smart has an expiring $14.33MM contract for next season.

We have more tidbits from the Eastern Conference:

The assumption that Rokas Jokubaitis was a draft-and-stash pick by the Knicks last month may not be entirely accurate. The Lithuanian guard, chosen with the No. 34 pick, hasn’t ruled out the possibility of playing in the NBA this season, Marc Berman of the New York Post tweets. It’s unclear whether New York is on board with that possibility or if the team prefers to stash Jokubaitis for at least a year.
The Magic have settled on a number of coaching hires to assist new coach Jamahl Mosley, Josh Robbins of The Athletic tweets. Nate Tibbetts, Jesse Mermuys, Dale Osbourne, Bret Brielmaier and Lionel Chalmers will join Mosley on the bench. The expected hires of Tibbetts and Osbourne were previously reported.
If LaMarcus Aldridge chooses to come out of his health-related retirement, the Bulls could be his destination. Both K.C. Johnson of NBC Sports Chicago and Joe Cowley of the Chicago Sun-Times report that there could be mutual interest between the club and the veteran big man (Twitter links). Aldridge would require team medical clearance from his heart-related issues in order to sign a contract and take the court again.

Knicks Improve Long-Term Chances With Julius Randle Extension

August 6th, 2021 at 12:52pm CST by JD Shaw

By signing Julius Randle to a four-year contract extension, the Knicks improved their chances of becoming an intriguing free-agent destination down the road, Mike Vorkunov of The Athletic writes. New York is also set to sign Kemba Walker and Evan Fournier while keeping most its returning playoff core from last season.