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Knicks Sign Julius Randle To Four-Year Extension

August 27th, 2021 at 8:44am CST by Luke Adams

AUGUST 27: Randle’s extension is official, the Knicks announced (via Twitter).

“Julius Randle embodies everything you want your star player and leader to be about, and we couldn’t be happier about the long-term commitment we made to each other,” said team president Leon Rose. “His hard work and dedication to his craft are second to none and what he did last season won’t be forgotten by New Yorkers any time soon. We can’t wait to see what’s next for him.”

AUGUST 5: The Knicks have agreed to sign forward Julius Randle to a contract extension, tacking on four years to the one season left on his existing contract, agents Aaron Mintz and Steven Heumann tell ESPN’s Adrian Wojnarowski. The deal will include a player option for 2025/26, per Wojnarowski.

While Wojnarowski reports that the four-year extension will be worth $117MM, that figure includes some incentives — the extension will have a base value of about $106.4MM and could max out at just over $122MM if Randle earns all of his bonuses in every season of the deal (which is very unlikely). It’s the most the Knicks could have offered Randle this season.

As Bobby Marks of ESPN notes (via Twitter), the incentives in the contract are related to making the playoffs, earning an All-Star nod, and making the All-Defense team. Randle earned the first two in 2020/21.

Randle, 26, had his best year as a pro this past season, establishing new career bests in PPG (24.1), RPG (10.2), APG (6.0), and 3PT% (.411), among several other categories.

The former seventh overall pick appeared in all but one regular season game, averaging an NBA-high 37.6 minutes per contest and helping to lead the Knicks to a No. 4 seed in the East and their first playoff berth since 2013. He was named Most Improved Player for the 2020/21 season and made the All-NBA Second Team.

Because Randle would be eligible for a longer, more lucrative contract if he waited until 2022 to reach free agency, there was some uncertainty about how willing he’d be to discuss an extension with the Knicks this summer. However, Wojnarowski writes that the former Laker and Pelican was eager to commit long-term to a team and city “he has come to adore.”

Randle also wanted to give the Knicks some financial flexibility rather than pushing for a higher salary in a year, per Marc Berman of The New York Post and Ian Begley of SNY.tv (Twitter links). Of course, locking in a new deal now gives him some security in the event of an injury or regression next season.

It has been a busy week for the Knicks, who agreed to multiyear deals with free agents Evan Fournier, Alec Burks, Nerlens Noel, and Derrick Rose. All of those players are signing either three- or four-year contracts with team options in the final season. The club also intends to sign Kemba Walker, who should hit waivers soon after reaching a buyout agreement with the Thunder.

Randle’s deal represents one of several lucrative contract extensions agreed to around the NBA this week. Stephen Curry (Warriors), Trae Young (Hawks), Jimmy Butler (Heat), and Shai Gilgeous-Alexander (Thunder) have all agreed to long-term deals worth well into the nine figures, while Luka Doncic (Mavericks) is set to finalize an extension following the Olympics.

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Atlantic Notes: Thomas, Randle, Walker, Sixers

August 15th, 2021 at 6:42pm CST by JD Shaw

Nets rookie Cameron Thomas has shined during the NBA’s Las Vegas Summer League, Brian Lewis of the New York Post writes. Thomas entered Sunday as the highest-scoring rookie in the event, proving his value as the No. 27 pick in the 2021 NBA Draft.

“People always want to doubt me and doubt my ability to score the ball,” Thomas said. “My progress has been great. I’ve been getting better game-to-game, getting a better feel for the game, feel for the pace…I think I’m doing real well.”

Thomas and the Nets will play the Spurs on Sunday night before finishing summer league on Tuesday.

Here are some other notes out of New York today:

  • Julius Randle‘s extension with the Knicks will likely be a win-win situation for both him and the team, says Ian Begley of SNY.tv. Randle is coming off a career-best season, averaging 24.1 points, 10.2 rebounds and six assists per game. The Knicks finished with an impressive 41-31 record and made the playoffs for the first time since 2013 in 2020/21.
  • New Knicks guard Kemba Walker is set to return to New York after spending the last decade away from the state, Stefan Bondy of the New York Daily News writes. Walker signed with the Knicks after reaching a buyout agreement with the Thunder, joining a backcourt that already includes Derrick Rose, Immanuel Quickley and others. As Bondy notes, the Bronx native will now have the chance to show what he’s learned on the road over the past 10 years.
  • Keith Pompey of the Philadelphia Inquirer examines what various Sixers players have learned during summer league this month, specifically those entering their second seasons. Among those players is Paul Reed, who finished with 14 points and 10 rebounds in 24 minutes of work on Saturday.
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Knicks Notes: Randle, Draft Night, Point Guards, Gibson

August 1st, 2021 at 10:58am CST by Arthur Hill

July 31 marked the trigger date for Julius Randle‘s contract guarantee, so the Knicks now owe him the full $19.8MM for next season, tweets Bobby Marks of ESPN. There was no suspense about whether New York would be willing to pay Randle that much in the wake of a career season that saw him win the Most Improved Player award and earn second-team All-NBA honors.

The real intrigue this offseason involves a four-year, $106MM+ extension that Randle is eligible to receive. The Knicks have plenty of incentive to sign him at that figure, as Randle could potentially make a lot more next summer as an unrestricted free agent, particularly if he puts together another All-NBA season. New York will have his Bird rights if that happens and can exceed the salary cap to re-sign him.

Randle joined the Knicks two years ago on a three-year, $63MM contract that carried just a $4MM guarantee for 2021/22. His game blossomed in New York, especially under new coach Tom Thibodeau, as he averaged 24.1 points, 10.2 rebounds and 6.0 assists per night while leading the team to the No. 4 seed in the East.

There’s more from New York:

  • The Knicks’ decision to trade the 19th pick in this year’s draft to the Hornets for a heavily protected future selection was done to free up another $2.4MM for free agency, according to Marc Berman of The New York Post, citing an NBA executive who has talked to team president Leon Rose. New York never planned to use both of its first-round picks Thursday night and was happy to get Quentin Grimes and Miles McBride after trading down.
  • Even if the Knicks can’t lure top targets Chris Paul and Kyle Lowry in free agency, they will have plenty of options at point guard, Berman adds. With more than $50MM in cap space, New York can outbid rival teams for Spencer Dinwiddie, Cameron Payne, Dennis Schroder or Reggie Jackson. Restricted free agent Lonzo Ball remains a possibility, but the Knicks saw him as a better fit in February than they do now, sources tell Berman. Re-signing Derrick Rose, a favorite of Thibodeau, remains on the table, although the front office is debating whether to make a long-term offer to Rose, who will turn 33 in October. The Bulls may get into the bidding for the Chicago native.
  • Saturday’s decision to waive backup center Norvel Pelle increases the chances that Taj Gibson will be back on the roster next season, Berman states in a separate story. A source told Berman the Knicks would consider re-signing Pelle at some point during the season if injuries leave them needing help in the middle.
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Olympic Notes: Grant, Johnson, Finals Trio, Randle, McGee

July 19th, 2021 at 10:54am CST by Dana Gauruder

Bradley Beal won’t be able to participate in the Olympics due to health and safety protocols, but Team USA has Jerami Grant back on the roster, Joe Vardon of The Athletic tweets. The Pistons forward exited protocols and played 12 minutes in the team’s final tuneup, an 83-76 win over Spain on Sunday. Team USA will begin its quest for gold this Sunday against France.

We have more Olympic news and observations:

  • Gregg Popovich and managing director Jerry Colangelo raised some eyebrows when Keldon Johnson was promoted from the Select Team as an injury replacement. The Spurs wing is justifying that decision, as ESPN’s Brian Windhorst notes. Johnson supplied 15 points in 17 minutes against Spain. “Keldon Johnson just played a solid basketball game,” Popovich said. “He shot it when he was open and when he did go to the bucket he was very physical.”
  • For the Olympic team’s sake, it would best for the Finals to end with a Milwaukee victory on Tuesday, Vardon writes. Devin Booker, Khris Middleton and Jrue Holiday will join Team USA after the Finals are completed and it’s fair to wonder how much they’ll have left in the tank both physically and emotionally. Popovich hopes he can ease them into the Group play. “In some ways, it might depend on if everybody else is healthy, and if they’re not then they got to play,” he said. “We’ve gone over lots of scenarios, but we haven’t figured it out yet.”
  • Knicks All-Star Julius Randle was never offered the chance to join the U.S. team as an injury replacement, Marc Berman of the New York Post reports. Instead, Team USA opted for role players in Johnson and center JaVale McGee, who gives the team a much-needed shot blocker. “We decided that was the most logical and appropriate choice,’’ Popovich said. “Given the choices we had, (McGee) fit the best.”
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Olympic Notes: Team USA, Randle, Simmons, Okogie, Senegal

June 29th, 2021 at 11:25am CST by Luke Adams

USA Basketball has officially announced its 12-man roster for the Tokyo Olympics, and there are no surprises in the group. The 12 players on the squad are the same dozen that were reported earlier this month.

While it remains to be seen which players will emerge as the go-to crunch-time options for Team USA in Tokyo, Joe Vardon of The Athletic suggests that it’s easy to envision a starting lineup consisting of Kevin Durant, Jayson Tatum, Draymond Green, Damian Lillard, and either Devin Booker or Bradley Beal, based on comments made on Team USA managing director Jerry Colangelo on Monday.

As Vardon details, Colangelo spoke about virtually every player selected for the 12-man roster, explaining the Jerami Grant was selected for his “versatility,” while Kevin Love‘s past international experienced played a major part in his selection. According to Marc Berman of The New York Post, Colangelo said that Knicks forward Julius Randle was one of the players who just missed the cut.

“Regardless of who you select, there’s always a few names that come up regarding why they aren’t there,” Colangelo said. “Randle was right there. He was one of our considerations. Especially when some of the injuries took place and we lost a few players.”

Here’s more on the Olympics and the qualifying tournaments, which get underway today:

  • As expected, Sixers guard Ben Simmons has opted against representing Australia at the Tokyo Olympics, the program confirmed in a press release. Simmons is focusing on his individual development this offseason, agent Rich Paul told ESPN’s Adrian Wojnarowski (Twitter link). “I have spoken with Ben and whilst we wanted him to be a part of our team, we understand and support his decision and he has made it clear that this is something that he wants to be a part of in the future,” Australia head coach Brian Goorjian said. “… The best thing for everybody right now is for him to go on and develop that skill package and improve in a couple of areas for his next season in the NBA, but the Boomers are always here for him.”
  • Timberwolves wing Josh Okogie has confirmed he’ll be part of the Nigerian team that competes in the Olympics next month (Twitter link). Nigeria’s preliminary roster included 49 names, which the program will have to pare down to 12 for Tokyo.
  • Senegal has withdrawn from the qualifying tournament in Serbia due to “COVID-19 related disruptions,” tweets Tim Reynolds of The Associated Press. As a result, Senegal will forfeit games to Puerto Rico and Italy, who will both advance to the next round of the qualifier.
  • Team Canada’s eight NBA players are easily the most of any team in the qualifiers, but they’ll need to rely on more than talent as they face international teams that have developed stronger chemistry, writes Josh Lewenberg of TSN.ca.
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NBA Announces 2020/2021 All-NBA Teams

June 15th, 2021 at 8:07pm CST by Eli Cohen

The NBA has officially announced the All-NBA First, Second, and Third Teams for the 2020/21 season, with Giannis Antetokounmpo leading the way as the lone unanimous selection for the First Team.

Antetokounmpo and Nuggets‘ MVP Nikola Jokic were the two top vote-getters, combining for 998 out of a possible 1,000 points, with Warriors guard Stephen Curry following shortly behind. Clippers forward Kawhi Leonard and Mavericks guard Luka Doncic rounding out the top five.

The full All-NBA teams are listed below, with their vote totals in parentheses. Players received five points for a First Team vote, three points for a Second Team vote, and one point for a Third Team vote, so Giannis scored a perfect 500 — First Team nods from all 100 voters.

All-NBA First Team

All-NBA Second Team

All-NBA Third Team

Among the players who just missed the cut were Celtics forward Jayson Tatum (69), Wizards guard Russell Westbrook (44), Nets guard James Harden (41), Pelicans forward Zion Williamson (37) and Heat center Bam Adebayo (32). A total of 12 other players received votes. The full results can be found here.

Today’s announcement has major financial implications across the league. Tatum, who received more votes than Kyrie Irving but still fell 20 votes short of a final forward spot, will lose out on a projected $32.6MM on his rookie scale extension, as his next deal will start at 25% of the cap instead of the 30% he would have received if he’d been named to an All-NBA team. Likewise, Jazz guard Donovan Mitchell, Kings guard De’Aaron Fox and Adebayo will all receive starting salaries worth 25% of the cap on their respective extensions as a result of missing out on All-NBA honors.

Doncic, having been named to his second consecutive All-NBA First Team, will be eligible for a 30% extension that would be worth a projected $201MM+ and is almost certain to be offered this summer. Doncic has previously made clear his intentions to sign the extension when offered. It will go into effect for the 2022/23 season.

Embiid is now eligible for a super-max contract extension, which would run for four years, starting in 2023/24, and would be worth a projected $191MM, according to ESPN’s Bobby Marks. It’s unclear whether the Sixers will immediately put this extension on the table this offseason.

Bradley Beal‘s deal will not change with his first career All-NBA selection, as he is already eligible for a 35% contract extension on his next deal. Jokic, having been named MVP previously this week, also sees no change in his possible future super-max extension, which will be worth approximately $241MM.

Hoops Rumors readers accurately picked 12 of this season’s 15 All-NBA players in our poll. Devin Booker, Adebayo, and Tatum were your picks who didn’t make the official list.

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Knicks Notes: Offseason, Randle, Rose, Cap Room

June 3rd, 2021 at 10:22am CST by Luke Adams

The Knicks exceeded expectations all regular season long, but the magic didn’t extend into the playoffs — the team’s season came to an end on Wednesday at Madison Square Garden, as a 103-89 Hawks victory secured a 4-1 series win for Atlanta.

Despite the postseason disappointment, the Knicks built a strong foundation during the last several months for what comes next, head coach Tom Thibodeau said on Wednesday, per Ian Begley of SNY.tv.

“I couldn’t ask for any more from the team,” Thibodeau said. “They were a joy to be around every day. I have great respect for the effort they put forth, their togetherness. We fell short in the end. We’ll look at it. We’ll learn, grow. We know the challenge will be greater next year.”

As Begley observes, the Knicks will have a pair of first-round picks in the 2021 draft and could create up to $60MM in cap room, so they’ll have the assets necessary to improve their roster. Play-making and shooting will be priorities, with point guard among the positions the team will be looking to upgrade, Begley adds.

Before the offseason begins in earnest though, it’s worth taking a moment to appreciate the Knicks’ season, says Mike Vorkunov of The Athletic. No NBA team outperformed preseason expectations by a great margin than the Knicks, who made the playoffs for the first time in eight years and provided their fans with some optimism for the future.

Here’s more on the Knicks:

  • Michael Scotto of HoopsHype talked to eight NBA executives and five scouts about the Knicks’ next move with Julius Randle, who will be extension-eligible this offseason. Several of them suggested they’d prefer to wait on a new deal for Randle, following his career year in 2020/21. “If they go another year under his current contract to let him prove that this year wasn’t a fluke, they’ll still have Bird Rights and can always give him an extra year more than other teams when he’s an unrestricted free agent,” one executive said to Scotto.
  • The Knicks will have to decide whether re-signing their own free agents, pursuing outside free agents, or being active on the trade market represents the best use of their potential cap room, writes ESPN’s Bobby Marks (Insider link). The most likely approach will probably involve combination of the three.
  • In a pair of stories, Marc Berman of The New York Post explores the likelihood of each of the Knicks’ free agents returning and specifically examines Derrick Rose‘s future. “I would love to come back,” Rose said after Wednesday’s loss. “Who wouldn’t want to play for the Knicks or be in New York? I would love it, but at the same time, I know it’s out of my hands and they may have bigger plans.”
  • Despite the Knicks’ success this season, Stefan Bondy of The New York Daily News suggests the team’s roster still has more questions than answers.
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Knicks Notes: Toppin, Quickley, Ntilikina, Randle

June 1st, 2021 at 12:53pm CST by Arthur Hill

Obi Toppin has been the Knicks‘ more productive rookie in the playoffs, while Immanuel Quickley is struggling to find his game, writes Zach Braziller of The New York Post. Toppin is coming off a career-best 13-point outburst in Game 4, and there’s talk of playing him and Julius Randle together to help turn the series around.

“I just really feel like I’ve just been locked in, studying a lot of film, paying attention to every little detail possible that I need for each game,” Toppin said. “I feel like the more details I know on the defensive side, I feel like the offensive side will just come to me if I just play my basketball and play team basketball.”

As a lottery pick, Toppin was expected to be a difference maker right away, but Quickley, who was taken at No. 25, had the better regular season, averaging 11.4 points per game and becoming a regular part of the backcourt rotation. His shot has deserted him in the playoffs, as he’s hitting just 29.6% from the field and scoring 4.5 PPG.

“I love it when people count me out,” Quickley said. “I feel like that’s how my whole life in basketball has been, when people say you can’t do something or you’re not good enough or that’s not possible. I feel like that kind of drives our team as well. When we came into this season, everybody was expecting us to be in the lottery.”

There’s more on the Knicks:

  • Derrick Rose will likely remain in the starting lineup for Game 5, but coach Tom Thibodeau sidestepped a question about playing Frank Ntilikina, according to Marc Berman of The New York Post. Ntilikina has only been used for three defensive possessions throughout the entire series. “I think Derrick is proven to be a very good player in this league for a long time,’’ Thibodeau said. “As a team we have to play better. We know that. In terms of Frank, he’s an important part of the team.”
  • Mike Vorkunov of The Athletic examines the adjustments the Hawks have made to slow down Randle, who averaged 37.3 PPG against them in the regular season. Randle, who is in the playoffs for the first time in his career, has been forced to deal with two and sometimes three defenders every time he catches the ball.
  • A fan accused of throwing a beer at the Knicks’ bench during Game 2 has been permanently banned from Madison Square Garden, Berman writes in a separate story.
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Knicks Notes: Trade Deadline, Randle, Bullock, Vildoza

May 31st, 2021 at 9:59pm CST by Dana Gauruder

The Knicks didn’t make any significant upgrades at the trade deadline and it may be coming back to haunt them in their opening-round series against Atlanta, Marc Berman of the New York Post writes. New York trails 3-1 in the series and there’s no hint of a comeback. Coach Tom Thibodeau was hoping for an upgrade, with Norman Powell high on his wish list, but management viewed this season as a stepping stone while protecting their ample cap space for a potential summer bonanza.

We have more on the Knicks:

  • Julius Randle has yet to return to his regular-season form and now it may be too late, Stefan Bondy of the New York Daily News notes. Randle is shooting 27% from the field in the series after winning the league’s Most Improved Player award. “This is all a learning experience,” he said. “I need to get better individually, we need to get better as a team.”
  • Reggie Bullock went scoreless in 34 minutes during Game 4 and Thibodeau attributes that to Bullock guarding Trae Young, Steve Popper of Newsday relays. “We’re asking him to do a lot,” he said. “He’s in a lot of actions offensively, but he’s guarding Trae. You’re using a lot of energy there.” Bullock will be an unrestricted free agent after the season.
  • Luca Vildoza is out of quarantine but didn’t join the team in Atlanta, Mark Berman of the New York Post tweets. The Knicks signed the Argentinian guard to a four-year deal in early May but, according to Thibodeau, he’ll be added to the mix next season. “For later in the summer,” he said.
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Knicks Notes: Randle, Payton, Gibson, Barrett

May 30th, 2021 at 8:53am CST by Arthur Hill

The Knicks need a quick turnaround from Julius Randle to salvage their series with the Hawks, but coach Tom Thibodeau isn’t worried about his star forward, according to Marc Berman of The New York Post. Randle averaged 24.1 points per game during the regular season, but has been limited to 15, 15, and 14 points as Atlanta has taken a 2-1 series lead.

“Just be Julius. I don’t want him overthinking it,’’ Thibodeau said. “Let the game come to you. Sometimes you’re going to get your shots, sometimes you got to make the play. That’s what he’s done extremely well all year long. He’s our engine, he’s a fighter, he’s tough, he’s smart. He’ll figure it out.’’

The Hawks have frustrated Randle with changing coverages, a variety of defenders, and frequent double and triple teams. He hasn’t been able to get comfortable in the point forward role he has played all season, and the Knicks don’t have a dependable guard to run their offense.

“It’s been a team effort,’’ said Hawks guard Kevin Huerter. “He’s the head of the snake. When the team is playing at its best, he’s playing at its best. He’s making shots and creating for everyone else. We wanted to make it as tough as we could on him. We’ve thrown different guys at him. Defensively, it’s feel like every possession someone else gets a crack at him. We’re just trying to show help when we can and force him into tough shots.’’

There’s more on the Knicks:

  • Derrick Rose is expected to remain the starting point guard for Game 4, Berman states in a separate story. Rose scored 30 points in 38 minutes Friday as former starter Elfrid Payton wasn’t used at all. Thibodeau admits it was difficult to break the news of the demotion to Payton. “You always have to do what you feel is best for your team,’’ he said. “Sometimes it’s matchups. Elfrid’s a critical part of the team. He’s had a very good year for us. It’s just also, like, what we’re looking at, and what we think gives us our best chance right now.”
  • Thibodeau made another lineup change in Game 3, Berman adds, starting Taj Gibson at center in place of Nerlens Noel, who has been dealing with an ankle that he “tweaked” in the series opener. Noel excelled in the reserve role, with 12 points and eight rebounds in 22 minutes. “It doesn’t matter, whatever Thibs wants me to do — come off the bench, play five minutes,” Gibson said. “Doesn’t matter. We got to find a way to come out with a ‘W.’”
  • The Knicks need more production from RJ Barrett, points out Mike Vorkunov of The Athletic. Barrett is shooting 13 of 38 in the first three games and is regularly missing open jumpers. “I see it,” he said. “I’m open. I just got to make it.”
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