The Knicks have formally announced many of their offseason free agent signings in recent days, with new deals for Evan Fournier, Alec Burks, Derrick Rose, and Taj Gibson all becoming official.
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.
Looks like a 500 team on paper.
Very astute, they looked like a .400 team on paper last year.
Rose will be 33 before the season starts. So that 15m will hit at his age 35 season—good thing it’s a TO
The Big Time is back at The Garden. Anyone who has any understanding of the NBA. Knows this Knicks team has better talent than last yrs team. Now we just have to go out and prove it.
Knicks vets are ——
Kemba (31), Fournier (28), Rose (32), Burkes (30), Taj (36). Then Randle (26), Noel (27).
Then they are all under 23 yrs old. Our top TEN players. Are as good as any. This is a TEAM sport. So bring it. All we want is to play you.
Opening night Knicks -vs- Celtics .
A lot miles on those knees though.
Thibs is looking more like the dude from despicable me, maybe these guys will be his minions and get him over the top.