As we previously relayed, most of the new Knicks that signed multiyear contracts with the team this month received modest partial guarantees in the final year of their respective deals. Taj Gibson, Elfrid Payton, Wayne Ellington, and Reggie Bullock each have $1MM partial guarantees for 2020/21, while Julius Randle has a $4MM partial guarantee in 2021/22.
The only newly-signed member of the Knicks whose deal includes a team option – rather than a non-guaranteed final year – is Bobby Portis, per Eric Pincus of Basketball Insiders. Portis will earn a guaranteed $15MM salary in 2019/20 with a $15.75MM team option for 2020/21.
Meanwhile, Marcus Morris is the only Knicks free agent addition who didn’t get a multiyear contract at all, as Pincus notes. Morris will earn a flat $15MM salary on his one-year deal.
Here are a few more contract details from around the Eastern Conference:
- Daniel Theis‘ new two-year, $10MM deal with the Celtics is only guaranteed for the first year, according to Pincus. Theis’ $5MM non-guaranteed salary for 2020/21 would become guaranteed if he remains under contract through July 3, 2020.
- Pincus also provides the specific details on the partial guarantee in year three of George Hill‘s new contract with the Bucks. After earning a total of $18.72MM in his first two seasons, the veteran guard has a $1.28MM partial guarantee in 2021/22 that increases his overall guarantee to exactly $20MM. If he remains under contract through July 1, 2021, Hill’s third year would be worth $10.05MM.
- Having re-signed with the Bulls on a new one-year, minimum-salary contract, Shaquille Harrison received a partial guarantee worth $175K, tweets ESPN’s Bobby Marks. Harrison will also get a de facto no-trade clause as a result of signing a one-year deal with his previous team.