Bobby Portis

Knicks’ Deals With Portis, Gibson, Bullock, Ellington Include Second-Year Team Options

With the exception of Julius Randle, who agreed to a three-year contract, all of the veteran free agents who have agreed to sign with the Knicks so far are reportedly set to receive two-year deals. The structure of those contracts appeared to put New York on track to regain cap flexibility in 2021.

However, according to Bobby Marks of ESPN.com (via Twitter), the two-year deals for Bobby Portis, Taj Gibson, Reggie Bullock, and Wayne Ellington will all include second-year team options.

By not guaranteeing the second year on those contracts, the Knicks will be able to maintain cap flexibility for the 2020 offseason, bringing back any veterans who impress them and parting ways with those who don’t.

[RELATED: 2019 NBA Free Agent Tracker: Knicks’ Deals]

Although Randle’s contract runs an extra year, his deal will also reportedly feature a team option – or possible a modest partial guarantee – in its final season, according to reports.

Knicks, Bobby Portis Agree To Two-Year Deal

The Knicks will add Bobby Portis on a two-year deal, Adrian Wojnarowski of ESPN.com reports (Twitter link). Portis will make $31MM over the length of the deal.

Washington is rescinding its qualifying offer for Portis, according to The Athletic’s Fred Katz (Twitter link). The move will allow him to sign with New York without the threat of Washington matching an offer sheet.

Portis re-signing with the Wizards was unlikely given his salary expectations. There was always a sense that Washington would have to choose him or Thomas Bryant when prioritizing a big man to re-sign. Bryant agreed to a three-year deal with the Wizards earlier in the day.

Portis and Jabari Parker came to the Wizards in the Otto Porter Jr. trade. Parker is also considered unlikely to return to the team.

New York has now agreed to deals with three power forwards. In addition to Portis, the team agreed to sign Julius Randle to a three-year, $63MM deal and Taj Gibson to a two-year, $20MM pact

The Knicks are projected to have approximately $27.5MM in cap room after today’s agreements, ESPN’s Bobby Marks tweets.

Free Agent Notes: Harris, Leonard, Portis

Tobias Harris is meeting with the Sixers to begin free agency, The Athletic’s David Aldridge tweets. Harris is seeking a full, five-year max deal.

Jimmy Butler is in Miami to begin his free agency tour and is expected to tell the Heat that he wants to sign with them. The Sixers will likely get a chance to speak with Butler before he signs elsewhere, as Miami doesn’t have the cap space necessary to offer Butler a max contract.

Here’s more from the start of free agency:

  • Magic Johnson said he has spoken to Kawhi Leonard and Dennis Robertson (Leonard’s uncle) after Leonard’s camp contacted him, Brad Turner of the Los Angeles Times relays (Twitter link). No meeting between the parties has been set up yet.
  • Bobby Portis and Jabari Parker are both operating as if they will not be back with the Wizards, Chase Hughes of NBC Sports reports on Twitter. Both players were brought to Washington in the mid-season deal that sent Otto Porter Jr. to Chicago.
  • Julius Randle is on the Knicks‘ radar, a source tells Marc Berman of the New York Post (Twitter link). New York missed out on Kevin Durant, watching him sign with the Nets.
  • The Knicks are meeting with Reggie Bullock tonight, Aldridge tweets. Bullock is ready to commit to a “strong offer,” Aldridge adds. The Lakers would like to keep him, though New York will be among the teams which will have a chance to steal him away from Los Angeles.

Knicks Notes: Durant, Leonard, Rozier, Ntilikina

The Knicks’ hopes of adding two stars in free agency now rely on the reported desire of Kevin Durant and Kawhi Leonard to team up, writes Marc Berman of The New York Post. New York is among the teams with enough cap space to sign both stars, and ESPN reported yesterday that the Knicks and Clippers are the most likely destinations if they do join forces.

Two other potential Knicks targets came off the board Saturday as Kyrie Irving reached an agreement with the Nets and Kemba Walker committed to the Celtics. A source tells Berman that Walker’s family, particularly his mother, wasn’t interested in moving to New York.

That’s not true for Durant, who likes the idea of living in the nation’s largest city, Berman adds. He had his surgery performed in New York and has several ties to the franchise, serving as a mentor to Allonzo Trier and being friends with free agent center DeAndre Jordan and assistant coach Royal Ivey. The Knicks were considered favorites to sign Durant before his Achilles injury in the NBA Finals and are still strongly in the race, according to Berman. However, the additional year and the extra $57MM that the Warriors can offer could still tip the scale in their favor.

There’s more out of New York:

  • If the Knicks can’t land one of the elite free agents, their next targets will be point guard Terry Rozier and power forwards Julius Randle and Bobby Portis, Berman relays in the same story. They also have what Berman calls “mild” interest in a one-year deal with DeMarcus Cousins.
  • Durant isn’t leaning toward any team as free agency begins, his agent, Rich Kleiman, told Steve Serby of The New York Post. “While I’m doing this interview, Kevin is completely undecided in figuring out what he wants to do,” Kleiman said.
  • Whether the Knicks keep Frank Ntilikina or not, he won’t be part of their Summer League team, tweets Stefan Bondy of The New York Daily News. The second-year guard, who has been on the trading block, will compete in the FIBA World Cup later this summer with the French team.

Jazz Expected To Meet With Bobby Portis

The Jazz are expected to meet with veteran forward Bobby Portis once free agency opens, league sources tell Tony Jones of The Athletic (Twitter link). According to Jones, the meeting will likely take place in Los Angeles.

Utah doesn’t project to have any cap room once its acquisition of Mike Conley becomes official, but can open up space by waiving Derrick Favors, who has a non-guaranteed salary of $17MM+. It appears the Jazz are weighing frontcourt options who might be better fits alongside center Rudy Gobert than a non-shooter like Favors.

A report earlier this afternoon indicated that the Jazz had been mulling a three-year offer in the $45MM range for Nikola Mirotic. However, Mirotic has opted to return to Spain, agreeing to a deal with Barcelona.

With a top stretch four like Mirotic off the board, his former teammate Portis could be a fit for what the Jazz are seeking. The Wizards‘ restricted free agent has knocked down three-pointers at a 36.1% rate over the course of his four-year NBA career, including 39.3% last season for Chicago and Washington.

The Knicks also have strong interest in Portis, according to Jones. The Lakers, Clippers, Bucks, and Magic have previously been cited as potential suitors for the 24-year-old, who is said to be seeking an annual salary worth up to $16MM. The Wizards aren’t expected to match a lucrative offer sheet.

Free Agent Rumors: Knicks, Pelicans, Looney, Satoransky, More

Following up on recent reports that have linked the team to Julius Randle and Bobby Portis, Ian Begley of SNY.tv confirms that the Knicks will have “strong interest” in those young bigs if they can’t land their top free agent targets. However, as we’ve heard repeatedly in recent days, New York prefers not to offer contracts longer than two years to its secondary targets, according to Begley, who acknowledges that either Randle or Portis could get a longer-term offer from another team.

Begley also confirms that the Knicks have weighed the idea of pursuing DeMarcus Cousins in free agency, as was previously reported. According to Begley though, some in the organization have indicated that going after a younger player like Randle or Portis is a higher priority than pursuing Cousins, who is entering his age-29 season.

  • The Pelicans are among the teams expected to show interest in free agent big man Kevon Looney, writes former Sporting News reporter Sean Deveney (Facebook link). As Deveney notes, New Orleans will have cap flexibility and could use another veteran big man in the frontcourt with Anthony Davis and potentially Julius Randle departing.
  • Tomas Satoransky, who will become a restricted free agent after receiving a qualifying offer from the Wizards, is expected to receive interest from the Mavericks, Pacers, Magic, and Celtics, writes Chase Hughes of NBC Sports Washington. According to Hughes, the Jazz also had Satoransky on their list of targets before swinging a deal for Mike Conley. I’d imagine the Celtics would be out of the running as well if they can land Kemba Walker.
  • Appearing on a recent ESPN podcast with Zach Lowe, Brian Windhorst said he got word a month ago that the Spurs were interested in free agent forward Bojan Bogdanovic. As Windhorst notes though, San Antonio doesn’t have the cap room to make a play for Bogdanovic and would need to make a cost-cutting move for it to be a realistic possibility.

Tomas Satoransky, Bobby Portis Receive Qualifying Offers

10:10pm: The Wizards are not tendering qualifying offers to Dekker or Chasson Randle, tweets Ben Standig of NBC Sports Washington. They’ll become unrestricted free agents.

9:29pm: Keith Smith of Yahoo Sports and Chase Hughes of NBC Sports Washington are reporting that the Wizards have extended qualifying offers to guard Tomas Satoransky and forward Bobby Portis just hours after also tendering a QO to center Thomas Bryant.

The qualifying offers for Satoransky ($3,911,484) and Portis ($3,611,813) are similarly affordable to Bryant’s QO ($3,021,354), so it comes as no surprise that Washington has made all three young players restricted free agents this summer.

Hughes also notes that while forward Sam Dekker has not yet been extended a qualifying offer by the team, they have until June 29 to make a final decision. His QO is similar in amount ($3,916,575) to the three aforementioned players.

Satoransky, 27, took on a larger role later on in the 2018/19 season after starting point guard John Wall went down with injury. He ended up averaging a career-best 8.9 PPG and 5.0 APG while starting 54 games.

Portis, 24 and a former first-round pick of the Bulls, also had a career season in Washington after being traded from Chicago before the trade deadline. He ended up starting 22 of the 28 games he played for the Wizards, and posted 14.3 PPG, 8.6 RPG, and a .458/.403/.809 shooting line.

Free Agent Rumors: Millsap, Blazers, Lakers, D-Lo, Kemba, Portis

The Nuggets are prepared to potentially account for Paul Millsap‘s $30MM team option on their 2019/20 cap if they don’t believe they’ll be able to negotiate a new, more favorable deal with the big man in free agency, ESPN’s Adrian Wojnarowski suggested as part of the network’s free agency special on Tuesday night (video link).

While the Nuggets would have limited cap flexibility this summer with Millsap’s $30MM on their books, the club values him and wants to bring him back, according to both Woj and ESPN’s Zach Lowe.

Meanwhile, Woj and Lowe also weighed in on Trail Blazers, Denver’s opponent in the Western Semifinals this spring. There are indications that the Blazers won’t rest on their laurels this offseason, according to Lowe, who suggests that Portland may be one move away from becoming a legit title threat.

Wojnarowski agrees, though he cautions that the Blazers – who are more likely to make a big move via trade than on the free agent market – may end up waiting until during the season to try to make that move. Woj adds that Portland may not be able to keep Rodney Hood, since it looks as if his value this summer could exceed the taxpayer mid-level. The Blazers don’t have Hood’s Bird rights.

Here’s more on free agency from around the NBA:

  • In a pair of ESPN appearances (video links), Wojnarowski continues to suggest that the idea of a reunion between the Lakers and D’Angelo Russell isn’t far-fetched. According to Woj, Russell is “open-minded” about the idea, while the Lakers wouldn’t mind seeing Kyrie Irving go to Brooklyn, since it would increase the odds of the Nets withdrawing Russell’s QO and making him an unrestricted free agent. If Anthony Davis waives his trade kicker, the Lakers could theoretically offer Russell his max without trading Moritz Wagner or Isaac Bonga.
  • One league source who spoke to Brad Townsend of The Dallas Morning News (Twitter link) views the Celtics as the favorites for free agent point guard Kemba Walker, followed by the Hornets and Mavericks.
  • The Wizards aren’t expected to match a huge offer sheet for Bobby Portis, who has generated interest from multiple teams already, sources tell Tony Jones and Fred Katz of The Athletic (Twitter link). Jones also repeats a number that has been previously reported, indicating that Portis is seeking an annual salary of up to $16MM.
  • Al-Farouq Aminu is technically eligible for a contract extension with the Trail Blazers until Sunday, but he tells Jason Quick of The Athletic, “I haven’t really talked to [president of basketball operations] Neil [Olshey] (Twitter link). Aminu will reach the open market as an unrestricted free agent on the evening of June 30, assuming Portland doesn’t lock him up before then.

Wizards To Decline $20MM Option On Jabari Parker

The Wizards won’t exercise their $20MM team option on Jabari Parker, but they may try to re-sign him, according to Chris Haynes of Yahoo Sports.

The move has been expected, dating back to when Washington traded for Parker in February, Haynes adds. But he cites “mutual interest” between Parker and the team in working out a longer arrangement once he becomes an unrestricted free agent next weekend. The Wizards view him as a player with potential whose development has been slowed by ACL tears in 2014 and 2017.

Parker’s asking price will start at $15MM per year, sources tell Chase Hughes of NBC Sports Washington, and that number could rise or fall depending on the market. He adds that the Wizards will probably need Parker to relax that demand, especially after drafting Rui Hachimura, who has similar talents. Re-signing Thomas Bryant, Tomas Satoransky and possibly Bobby Portis will be higher priorites, according to Hughes.

Parker, 24, had a difficult time in Chicago after signing a two-year, $40MM deal last summer, especially once Jim Boylen replaced Fred Hoiberg as head coach. However, Parker was much better after the trade, averaging 15 points and 7.2 rebounds in 25 games with Washington.

Multiple Teams Interested In Bobby Portis

The man that bet on himself this season is in position to cash in. The Lakers, Clippers, Jazz, Bucks, Magic and Knicks are among the teams expected to have interest in Bobby Portis, Chase Hughes of NBC Sports reports.

Portis turned down an extension with the Bulls earlier this season and was rumored to be seeking a deal worth $16MM annually. While it’s not clear what kind of deal Portis receive in restricted free agency, it will certainly be a raise on his 2018/19 salary of approximately $2.5MM.

The Wizards are likely to extend a qualifying offer to Portis, which will be worth about $3.6MM.

The Bulls—the franchise that drafted Portis with the No.22 overall pick in the 2015 draft—traded him to the Wizards along with Jabari Parker for Otto Porter Jr. prior to the trade deadline. Washington is expected to decline Parker’s $20MM team option for next season, though even if both players signed elsewhere, the Wizards will have trouble carving out cap room.

[RELATED: 2019 NBA Offseason Salary Cap Digest: Washington Wizards]

The franchise is looking at approximately $89MM in guaranteed salary on the books for next season. The team will have a version of the mid-level at its disposal (the taxpayer’s MLE if over the projected $132MM) and the bi-annual exception will be available if it can stay below that tax line.