Of the four Knicks veterans with $1MM partial guarantees on their contracts for 2020/21, none has a more modest overall salary than Reggie Bullock ($4.2MM). Given that manageable cap hit, the club will likely pick up Bullock’s “option” rather than waiving him before his salary guarantee date, a source tells Marc Berman of The New York Post.
As Berman explains, interim head coach Mike Miller “fell in love” with Bullock’s basketball IQ, perimeter defense, and outside shooting, sticking with the veteran even when fans wanted him to pivot to giving younger players more minutes.
The Knicks will likely hire a new head coach at season’s end and there’s no guarantee that Miller’s replacement will be as attached to Bullock. However, $4.2MM is a pretty fair price to pay for a 29-year-old three-and-D wing and the team will be seeking shooters and “solid veteran influences” for next year’s roster, according to Berman, who notes that Bullock had a positive impact on younger Knicks like RJ Barrett.
Taj Gibson ($9.45MM), Wayne Ellington ($8MM), and Elfrid Payton ($8MM) each have $1MM partial guarantees on their salaries for 2020/21 as well, and Bobby Portis ($15.75MM) has a team option. New York figures to move on from one or more of those players, particularly if the team wants to make use of cap space during the 2020 offseason.