We’re still waiting on the team to finalize its four-year extension for Julius Randle, along with some minor signings like Dwayne Bacon. But the flurry of transactions this week means that we now have details on several of the Knicks’ new contracts. Let’s dive in and round them up…
- As we relayed earlier today, Evan Fournier has $1.5MM per year in unlikely incentives on his new four-year deal. According to ESPN’s Bobby Marks (Instagram video), the majority of those bonuses are related to team success — Fournier would earn an extra $1MM, for instance, if the Knicks were to win the title. There are also bonuses related to All-Star and All-NBA nods, which are a long shot to be earned.
- Taj Gibson‘s new two-year deal features a team option for the 2022/23 season, according to Marks.
- Marks says the cap hits on Derrick Rose‘s new three-year contract are $13.4MM, $14.5MM, and $15.6MM. Those are likely rounded figures, as the most the Knicks could’ve offered Rose using his Early Bird rights was approximately $13.445MM in year one, $14.521MM in year two, and $15.596MM in year three. The deal, which includes a third-year team option, comes in at about $43.56MM.
- Keith Smith of Spotrac tweets the details of Alec Burks‘ three-year, $30MM+ contract, which are identical to what Burks would’ve received if he were signed using the non-taxpayer mid-level exception. The Knicks used cap room to sign Burks, but as Marks observes, they may have structured the agreement that way early in free agency in case they found a way to stay over the cap all offseason and needed the MLE for Burks.