AUGUST 18: The Knicks have officially re-signed Gibson, per NBA.com’s transactions log.
AUGUST 17: The Knicks and veteran big man Taj Gibson have reached an agreement to adjust the terms of the deal they initially agreed upon two weeks ago, reports ESPN’s Adrian Wojnarowski (Twitter link).
Gibson, who had been set to sign a one-year, minimum-salary deal, will actually receive a two-year deal worth $10.1MM, agent Mark Bartelstein tells Wojnarowski.
The Knicks have been slowly completing their offseason signings, starting with Nerlens Noel, Kemba Walker, and – most recently – Evan Fournier. New deals for Derrick Rose, Alec Burks, and Gibson have yet to be announced as New York determines the best way to maximize its cap space.
We’ll have to wait for more details on the adjustment to Gibson’s deal, but it sounds as if the Knicks determined they were in position to accommodate a slightly more lucrative salary for the 36-year-old. It’s a win-win for Gibson, who gets rewarded for his locker-room leadership over the last two seasons, and for the Knicks, who will now have a more tradable contract on the books without sacrificing any real cap flexibility.
The Knicks will use their room exception to complete the signing, as Bobby Marks of ESPN confirms (via Twitter). That exception allows for a two-year deal worth $10,065,500. New York had Early Bird rights on Gibson, but renounced him earlier in free agency in order to maximize cap room.
Gibson appeared in 45 games for the Knicks during the 2020/21 season, averaging 5.4 PPG and 5.6 RPG in 20.8 minutes per contest. He figures to provide depth up front behind centers Mitchell Robinson and Noel next season.