RJ Barrett

Knicks Officially Announce RJ Barrett’s Extension

The Knicks have officially signed forward RJ Barrett to a rookie scale extension, the team announced today in a press release.

While the Knicks’ didn’t specify the terms of the deal in their announcement, previous reports indicated that Barrett’s new four-year contract, which will go into effect in 2023/24, will include $107MM in guaranteed money and could be worth up to $120MM with incentives related to All-Star, All-NBA, and All-Defensive selections.

“We are thrilled to announce a well-deserved extension for RJ Barrett, a core piece of our team’s foundation,” Knicks president of basketball operations Leon Rose said in a statement. “At only 22 years old, he has elevated his game each season, solidifying himself as a force on both ends of the court. We believe he will continue to improve because of his passion for the game and dedication to his craft. We want to continue to build our team and culture around players like RJ who possess these values and qualities.”

Fittingly, the Knicks announced Barrett’s extension at almost exactly the same time word broke that the Jazz were trading Donovan Mitchell to Cleveland. The Knicks and Jazz reportedly had extensive discussions about Barrett as a possible centerpiece in a trade for Mitchell, with New York setting a Monday night deadline to either agree to a trade or extend the former No. 3 overall pick.

Barrett’s extension didn’t rule out the possibility that the Jazz and Knicks could work out a Mitchell trade, even one involving Barrett. However, it put those trade discussions on the back burner at least temporarily, opening the door for the Cavs to swoop in and finalize a trade for Mitchell themselves.

With Mitchell no longer available, it’s a safe bet Barrett will be a Knick in 2022/23. If he’s not included in another trade for a star down the road, he’s on track to remain in New York all the way through at least the ’26/27 season — his new deal reportedly doesn’t include any player or team options, so he won’t be eligible for free agency until the summer of 2027.

A former star at Duke, Barrett has steadily increased his scoring average in his three NBA seasons with the Knicks, registering a career-high 20.0 PPG in 70 games (34.5 MPG) in 2021/22. He also contributed 5.8 RPG and 3.0 APG while shooting .408/.342/.714 last season.

Those shooting marks were a step down from his career bests in ’20/21 (.441/.401/.746), but the presence of newly acquired point guard Jalen Brunson this season should help boost Barrett’s scoring efficiency.

Northwest Notes: Jazz, Barrett, Edwards, Holmgren, Thunder

Some teams with interest in Knicks forward RJ Barrett believe they’d have a chance to land him if the Jazz were to acquire him in a Donovan Mitchell trade, according to Ian Begley of SNY.tv. As Begley explains, while the Jazz are thought to like Barrett, there’s a belief that they’d be open to the idea of flipping him for additional first-round picks if he were included as part of a package for Mitchell.

The Jazz’s potential plans for Barrett may be a moot point. Now that the former No. 3 overall pick has agreed to a four-year extension with the Knicks, the poison pill provision will complicate efforts to include him in any Mitchell trade — the Jazz could still theoretically acquire him, but a third team with cap room may need to get involved to make the salary-matching math work, as ESPN’s Bobby Marks noted in a video segment earlier this week.

Here’s more from around the Northwest:

  • The Timberwolves‘ trade for Rudy Gobert showed that the team is ready to take the next step toward title contention, and the work that Anthony Edwards has been putting in this offseason shows that he’s positioning himself to make a third-year leap to stardom, writes Jon Krawczynski of The Athletic. According to Krawczynski, people who have been watching Edwards’ workouts this offseason have all been saying some variation of, “Just wait ’til you see him.”
  • The foot injury that ended Chet Holmgren‘s rookie season before it began probably won’t have a major impact on the Thunder‘s place in the 2022/23 standings, but it will significantly diminish the buzz surrounding the team in Oklahoma City, writes Jenni Carlson of The Oklahoman. As Carlson writes, many Thunder fans that had been excited to watch Holmgren play are less likely to follow the club closely this year.
  • In a subscriber-only story for Daily Thunder, Josh Haar identifies Jeremiah Robinson-Earl, Jalen Williams, and Aaron Wiggins as three candidates to earn bigger-than-expected roles for the Thunder with Holmgren sidelined.

Atlantic Notes: Trent, Achiuwa, Morris, Barrett

While Fred VanVleet, Pascal Siakam, OG Anunoby, and Scottie Barnes look like safe bets to be part of the Raptors‘ starting lineup this fall, the fifth spot may come down to Gary Trent Jr. vs. Precious Achiuwa. And, as Eric Koreen of The Athletic writes, both players will be motivated to have big years — Trent can become an unrestricted free agent next offseason if he declines his 2023/24 player option, while Achiuwa will become eligible for a rookie scale extension in 2023.

If the Raptors decide Achiuwa’s size makes him a better fit for that starting role, Trent is still capable of maintaining or improving his value while coming off the bench, Koreen argues. As a sixth man, Trent’s usage rate would likely be higher than it would be as a starter. Throw in the fact that he’ll only be 24 years old next summer and projects to be part of a playoff team, and Trent should be in line for a nice payday whether he’s a starter or a reserve in 2022/23.

Here’s more from around the Atlantic:

  • The Nets‘ one-year deal with Markieff Morris won’t be guaranteed, according to reports from ESPN and Brian Lewis of The New York Post. We’ll have to wait until after the signing is official to confirm whether Morris’ salary will be fully non-guaranteed or partially guaranteed — either way, he seems like a good bet to earn a regular season roster spot if he looks healthy in training camp.
  • There aren’t many NBA executives who have a “down-the-middle” take on Knicks forward RJ Barrett, according to Sam Vecenie of The Athletic, who says some talent evaluators view him as a future All-Star while others question his shooting ability, his decision making, and/or his touch around the basket. Vecenie explains within his article why he’s a believer in Barrett’s long-term potential.
  • For more on Barrett’s extension and how it affects Donovan Mitchell trade talks, be sure to check out our Knicks page, which has been busy so far this week.

Knicks/Jazz Rumors: Barrett, Grimes, Toppin, Mitchell

The Jazz are high on Knicks wing RJ Barrett and were “pushing” for him to be included in a potential trade for Donovan Mitchell, writes Tony Jones of The Athletic. Prior to agreeing to an extension, sources tell Jones that Barrett’s camp was “bracing” for the 22-year-old to be dealt away.

The extension will make including Barrett in a deal extremely difficult due to the “poison pill provision,” though the possibility reportedly remains. As Yossi Gozlan of HoopsHype explains, the Jazz don’t have the necessary cap space or a trade exception big enough to absorb Barrett’s incoming salary, so for him to be included, a third team would likely have to be involved for salary-matching purposes.

As Steve Popper of Newsday writes, not everyone in the Knicks organization viewed Barrett as being worth $107MM over four years ($120MM with incentives), and others thought including him in a proposal for Mitchell might make the Jazz less likely to ask for additional draft compensation, which obviously wasn’t the case.

In addition to Barrett, Utah also values second-year guard Quentin Grimes and third-year forward Obi Toppin, according to Jones, who notes that both young players will likely have to part of the trade package if Barrett is not. However, New York has been “very hesitant” to part with Grimes to this point, sources tell Jones.

Like Marc Berman of The New York Post, both Popper and Jones hears the Knicks are still optimistic about landing Mitchell, but as with Grimes, Jones says they have been reluctant to include a “significant number” of unprotected first-round picks because they want to keep their options open for the future.

Jones still views the Knicks and Jazz as the most logical trade partners for Mitchell, but writes that both teams have questions that need answered first. Popper views Mitchell as a questionable fit with Jalen Brunson, and thinks the Knicks shouldn’t trade away all of their own unprotected first-rounders to land him.

According to Adam Zagoria of NJ.com, Mitchell removed the Jazz from his Twitter bio on Tuesday, fueling speculation about the trade talks.

RJ Barrett Hasn’t Been “Ruled Out” Of Donovan Mitchell Trade

Despite an agreement on a lucrative extension and significant complications from the “poison pill provision,” sources tell Shams Charania of The Athletic (video link via The Rally) that Knicks wing RJ Barrett could still be offered in a trade for Jazz guard Donovan Mitchell.

It’s not expected that he is going to be ruled out of any potential trade, and I’m told through various sources that RJ Barrett could very well end up being in a potential deal and being in offers depending on the framework of a deal,” Charania said.

According to Charania, New York’s latest offer for Mitchell included Barrett and two unprotected first-round picks, but the Jazz wanted more in return for the three-time All-Star, so the Knicks wound up giving Barrett an extension.

As we outline in our glossary entry, a player who signs a rookie scale extension but remains on his rookie contract has different outgoing and incoming salary-matching figures, which is referred to as a “poison pill” — in Barrett’s case, the gap between his outgoing and incoming figures will reportedly exceed $15MM. That would make it extremely challenging for both the Knicks and Jazz to send out and take back a legal amount of salary if Barrett is part of a package for Mitchell.

As Charania notes, the Knicks still have other assets to include in a deal that doesn’t involve Barrett, with the Jazz reportedly prioritizing landing as many unprotected first-rounders as possible. New York remains “hopeful” that it can still land Mitchell without including Barrett, and wouldn’t have extended him if the team thought it would nix a potential deal, a source tells Marc Berman of The New York Post.

According to Berman, the Lakers are “open to discussions” about a potential three-team trade, and still have interest in Knicks wing Cam Reddish, who received scant playing time after being acquired from Atlanta in January. Charania previously reported that the Lakers are also interested in Jazz forward Bojan Bogdanovic.

Stefan Bondy of The New York Daily News reports (Twitter links) that Barrett’s extension is a straight four-year deal with no options and includes $107MM in guaranteed money. Barrett could earn as much as $120MM from incentives, but he’ll still be making an average of $26.75MM per season from 2023-27.

Donovan Mitchell Trade To Knicks Remains Possible

RJ Barrett‘s extension with the Knicks complicates a potential trade for Donovan Mitchell, but it doesn’t close the door entirely, writes Marc Berman of The New York Post.

Sources tell Berman that the Jazz are most interested in stockpiling unprotected first-round picks in return for Mitchell. Berman has reported that Utah wants four unprotected picks in the trade, while New York is only willing to part with two, along with three conditional selections.

A league source indicates that the market for Mitchell remains limited, telling Berman, “There’s no place for Donovan to go right now. The Knicks can still get him.”

Berman also hears that the Jazz would like to expand the trade to include the Lakers and hopefully pick up L.A.’s 2027 and 2029 first-rounders. Berman notes that the Lakers likely have interest in Cam Reddish, whom they pursued at the trade deadline and who saw limited playing time after coming to New York. Reddish is a client of Rich Paul at Klutch Sports, Berman points out, which means LeBron James and Anthony Davis would probably support bringing him to L.A.

There’s more on a potential Mitchell trade to New York:

  • If Barrett’s new contract takes him out of the equation, Utah could become more focused on landing Quentin Grimes, Berman adds in the same piece. The 22-year-old shooting guard established himself as a fixture in coach Tom Thibodeau’s rotation last season, but Berman notes that there would be little chance for him to become a starter in New York with Mitchell and Jalen Brunson on hand.
  • The Jazz were aware that the Knicks set a Monday night deadline for a Barrett extension, but they didn’t let it impact negotiations, according to Sarah Todd of The Deseret News. She has heard conflicting reports about whether Utah wants Barrett or would be content with a deal that doesn’t include him. Sources tell Todd that both teams are playing hardball right now in trade talks, but there’s still a chance to complete a deal before training camp.
  • The “poison pill provision” means a third team would have to be included to get Barrett to Utah, ESPN’s Bobby Marks says in a video breakdown of Barrett’s extension. He says a team with cap room, such as the Pacers or Spurs, would have to be willing to take Evan Fournier‘s contract, which is worth nearly $56MM over the next three years.

Knicks Agree To Extend RJ Barrett, Complicating Donovan Mitchell Talks

The Knicks and forward RJ Barrett are finalizing a four-year rookie scale contract extension that could be worth up to $120MM, agent Bill Duffy tells Adrian Wojnarowski of ESPN.

The exact base value of Barrett’s new deal isn’t yet known, but Ian Begley of SNY.tv reports (via Twitter) that there are bonuses tied to All-Star, All-NBA, and All-Defensive selections. In other words, it sounds like the former No. 3 overall pick would have to play at a very high level to earn the full $120MM.

A former star at Duke, Barrett has steadily increased his scoring average in his three NBA seasons with the Knicks, registering a career-high 20.0 PPG in 70 games (34.5 MPG) in 2021/22. He also contributed 5.8 RPG and 3.0 APG while shooting .408/.342/.714 last season. Those shooting marks were a step down from his career bests in ’20/21 (.441/.401/.746).

According to Wojnarowski, the Barrett extension will complicate the Knicks’ discussions with the Jazz about a potential Donovan Mitchell trade. Sources tell ESPN that those talks intensified over the weekend as the two teams made some progress, but there was still a gap between what each side was willing to do.

Knicks president of basketball operations Leon Rose set a Monday night deadline to either agree to a deal for Mitchell or commit to an extension for Barrett, per Wojnarowski, who notes that the “poison pill provision” will now almost certainly ensure that the former Blue Devil won’t be part of a package for Mitchell.

As we outline in our glossary entry, a player who signs a rookie scale extension but remains on his rookie contract has different outgoing and incoming salary-matching figures, which is referred to as a “poison pill” — in Barrett’s case, the gap between his outgoing and incoming figures will exceed $15MM, according to Wojnarowski. That would make it extremely challenging for both the Knicks and Jazz to send out and take back a legal amount of salary if Barrett is part of a package for Mitchell.

As Wojnarowski explains, Barrett was a “staple” in several of the proposals for Mitchell that the Jazz and Knicks discussed, with Utah highly valuing the 22-year-old. While New York had apparently been willing to include Barrett, the two teams were still at an impasse over the possible inclusion of Quentin Grimes and the number of unprotected first-round picks in the package, per ESPN.

It remains possible that the Knicks and Jazz will agree to a deal that doesn’t include Barrett, but that would require the Knicks to give up “far more” draft assets than they’ve been willing to surrender thus far, sources tell Wojnarowski.

For now, the two teams are backing off those trade talks, but the Jazz aren’t engaged in serious discussions with any other suitors about Mitchell, so neither they nor the Knicks have ruled out the possibility of resuming their talks before training camps begin in four weeks.

As Wojnarowski notes, Barrett’s extension will end an ignominious streak for the Knicks, as he’ll become the team’s first first-round pick since Charlie Ward in 1999 to sign a multiyear contract extension following his rookie deal.

Barrett will also become the fifth player to finalize a rookie scale extension this offseason. While his deal won’t be worth as much as the maximum-salary extensions signed by Ja Morant, Zion Williamson, and Darius Garland, it will exceed Keldon Johnson‘s four-year, $74MM contract.

Assuming Barrett’s new extension doesn’t include any options, it will keep him under team control through the 2026/27 season.

Knicks Notes: Barrett, Fournier, Mitchell, Pitino

While it’s clear they’re seeking several first-round picks in exchange for Donovan Mitchell, there have been conflicting reports over which Knicks players the Jazz would prefer in such a deal.

According to SNY TV’s Ian Begley, Utah continues to have strong interest in Knicks wing RJ BarrettEvan Fournier’s name has also come up in discussions — his contract would certainly facilitate a deal from salary-matching purposes.

The Jazz would also want at least one of the trio of Obi ToppinQuentin Grimes and Immanuel Quickley, Begley adds.

The Knicks have softened their stance on potentially dealing Barrett, with some of their decision makers willing to part with Barrett in a Mitchell deal, according to Begley’s sources. However, there are several voices of influence in the organization, Begley notes, so it’s no certainty they’d actually give up Barrett.

We have more on the Knicks:

  • Rick Pitino, who coached them in the late ’80s and currently coaches at Iona, said that Mitchell would “love” to wear a Knicks uniform, according to Marc Berman of the New York Post. “Donovan loves the Knicks,’’ Pitino said. “Donovan loves being around his mom, sister and dad. Donovan would treasure being a Knick. That being said, things have to work out. I’m hoping, keeping my fingers crossed that he becomes a Knick. It would be very special for me as a coach seeing him in a Knick uniform as an ex-Knick coach.”
  • Barrett is a member of Team Canada, but he won’t play in the World Cup qualifying game against Argentina this week, Stefan Bondy of the New York Daily News tweets. He’s reluctant to risk taking the court with a potential financial windfall looming. Barrett is eligible for a rookie scale extension this offseason.
  • For more info on Mitchell trade talks, click here.

Knicks Still Cautious About Dealing Draft Assets For Donovan Mitchell

The Knicks and Jazz recently renewed trade talks regarding Donovan Mitchell, but New York remains cautious about parting with a huge number of future assets to acquire the All-Star guard, writes Marc Berman of The New York Post.

Multiple sources tell Berman that the Knicks recoiled from the original demands by Utah team president Danny Ainge, who asked for seven first-round picks in addition to young players on controllable contracts. Talks remained dormant for a while, but the teams have re-engaged each other.

According to Berman, New York’s front office believes adding Mitchell would improve the team by about 10 wins, taking it to the 47-victory level. The concern is that there would be no way to improve beyond that if the franchise gives up a significant number of its draft assets.

“Getting from 47 wins to 57 wins, that’s harder than 37 to 47,’’ a coaching source told Berman.

Berman notes that the Knicks traded this year’s first-round pick to clear cap room to add free agent guard Jalen Brunson, and the team could be in danger of losing another selection if the NBA determines that tampering occurred in the Brunson signing.

Coach Tom Thibodeau is strongly interested in adding Mitchell, Berman adds, but he’s staying out of the spotlight while the process plays out. Berman cites a belief around the league that Thibodeau would prefer to part with RJ Barrett in a Mitchell trade rather than give up second-year guard Quentin Grimes, who’s a better defender and long-distance shooter. Berman hears that Ainge is “hot to acquire” Grimes for Utah’s rebuilding project, and Berman’s source says Grimes wouldn’t be opposed to leaving instead of having no chance to start behind a Brunson-Mitchell backcourt.

Barrett, who averaged 20.0 PPG last season, is eligible for a rookie scale extension until October 17.

Atlantic Notes: Brunson, Grimes, Brown, Williams, Maxey

Who’s the best backcourt partner for Jalen Brunson on the current Knicks roster? According to analytics expert Joseph Gill in an interview with SNY TV’s Ian Begley, Quentin Grimes is the best fit alongside the high-priced free agent acquisition. Grimes is a legitimate threat to space the floor and he doesn’t turn the ball over very often. That makes him a better pairing with Brunson’s skill set than Evan Fournier, RJ Barrett or Immanuel Quickley, in Gill’s estimation.

We have more from the Atlantic Division:

  • What would a Jaylen Brown extension look like? Keith Smith takes a deep dive into that subject in a Spotrac article. With two years left on his current contract, the Celtics wing is eligible to sign a three-year deal this offseason. He could wait until after next season and sign a Designated Veteran Extension or after the 2023/24 season and ink a Designated Veteran contract if he meets certain criteria. He could also sign with Boston or another team as a free agent in 2024.
  • Grant Williams has communicated with Brown regarding the trade rumors involving the Nets and Kevin Durant and says Brown is handling it well, Matt John of Heavy.com relays. “I feel like JB is mature in his mindset, and he knows that. I talk to him, texted him, reach out of as often as I can,” Williams said. “It’s one of those things. It’s the league. It’s a business. It’s one of those things that you can’t be discouraged by because we love JB. It also shows how valuable he is.”
  • Developing even greater offensive chemistry with Joel Embiid and getting selected to the All-Star team would be aspects of a best-case scenario for Sixers guard Tyrese Maxey in 2022/23, Kyle Neubeck of Phillyvoice.com writes. Not living up to increased expectations would be part of a worst-case scenario for Maxey next season.