Knicks, Bobby Portis Agree To Two-Year Deal

The Knicks will add Bobby Portis on a two-year deal, Adrian Wojnarowski of 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.

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