New York Notes: Dolan, Prokhorov, Free Agents

The Knicks didn't exactly break the bank in free agency this summer, as J.R. Smith's new $17.947MM contract represents more than half of the team's approximately $32MM in free agent spending. Still, that total is enough to qualify as the most money that any Atlantic Division club dished out, as Luke Adams of Hoops Rumors examined today. The crosstown Nets spent only about $12.6MM on free agents, but they absorbed plenty of salary in the blockbuster Kevin Garnett/Paul Pierce trade. Here's more on the Big Apple's teams:

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