New York Knicks Rumors | Hoops Rumors

Knicks Waive Marshall Plumlee

July 7th, 2017 at 8:53am CST by Luke Adams

The Knicks have waived Marshall Plumlee, the team announced today (via Twitter). Plumlee will become an unrestricted free agent, assuming he clears waivers.

Plumlee, who turns 25 next Friday, signed with the Knicks last offseason as an undrafted free agent out of Duke. In his rookie season, he played sparingly for New York, averaging 1.9 PPG and 2.4 RPG in 21 contests (8.1 MPG). He had a larger role in 15 G League games for the Westchester Knicks, averaging 12.3 PPG and 9.1 RPG.

Plumlee’s 2017/18 salary was partially guaranteed for $100K, but the rest of his minimum salary wasn’t due to become fully guaranteed until October, according to Basketball Insiders. As such, the Knicks will be off the hook for the remaining $1,212,611.

And-Ones: Clark, Shved, Bogdanovic

July 6th, 2017 at 11:04pm CST by ChrisCrouse

Add Warriors guard Ian Clark to the list of wing players who interest the Timberwolves, tweets Darren Wolfson of 5 Eyewitness News. C.J. Miles remains their prime target, but Minnesota doesn’t have enough cap room left to make a competitive offer. The Wolves have discussed a sign-and-trade that would send center Cole Aldrich and Oklahoma City’s 2018 first-rounder to Indiana in exchange for Miles, according to an ESPN report.

Here’s more from around the league:

Alexey Shved may void the final year of his contract with Khimki Moscow in order to return to the NBA, a source tells international journalist David Pick (Twitter link). Shved last played in the NBA for the Knicks during the 2014/15 campaign.
The Kings are covering all of Bogdan Bogdanovic‘s $850K NBA buyout with Fenerbahce, a source tells Pick (Twitter link). Sacramento signed the swingman to a three-year deal worth $27MM, which is the richest contract for a rookie in league history.
Phil Ricci will join the Kings’ coaching staff as an assistant player development coach, James Ham of NBC Sports tweets. Ricci played professionally abroad for several seasons before coaching at the high school level.
Grizzlies GM Chris Wallace has penned a thank you letter to Zach Randolph for his contributions over the past eight years. The note, which is posted on the team’s website, credits Randolph for helping to establish Memphis’ “grit and grind” identity. Randolph agreed to a two-year, $24MM deal with the Kings on Tuesday. The Grizzlies also announced today that Randolph’s number will be retired.

Arthur Hill contributed to this post

Knicks Sign Tim Hardaway To Offer Sheet

July 6th, 2017 at 10:23pm CST by ChrisCrouse

Tim Hardaway Jr. has signed an offer sheet from the Knicks, Shams Charania of The Vertical reports (Twitter link). Adrian Wojnarowski of ESPN.com tweets that the deal is for $71MM over four years.

The deal contains a player option on the final year of the deal, Jeff Zillgitt of USA Today adds (Twitter link). ESPN’s Ian Begley tweets that the contract contains a 15% trade kicker. The Hawks will have two days to make a decision on whether or not to match all the terms of the deal.

New York currently doesn’t have the cap space to make this lucrative of an offer. However, the organization has an easy path to opening up cap space in that it can simply renounce the rights to Derrick Rose, as ESPN’s Bobby Marks notes (Twitter link). Rose has a cap hold of approximately $29.7MM.

Hardaway Jr. was drafted by New York with the No. 24 pick in the 2013 draft. The Knicks traded him to the Hawks in a 2015 draft night trade that netted them Jerian Grant. Grant was traded to the Bulls during the following offseason as part of a package that brought Rose to the Big Apple.

Tim Hardaway Sr. tells Marc Berman of the New York Post (Twitter link) that his son has no “bad blood” with the organization. The shooting guard knows that the executive who traded him is no longer with the organization.

RFA Rumors: Mirotic, Noel, Simmons, Green

July 6th, 2017 at 5:06pm CST by Luke Adams

A handful of restricted free agents have made out well so far this year on the open market. Tony Snell, Joe Ingles, Cristiano Felicio, and Andre Roberson got lucrative new multiyear deals from their respective clubs, and Otto Porter reportedly has a maximum salary offer sheet in place with the Nets, though the Wizards have yet to receive it.

Still, there are a number of RFAs still on the market as league-wide cap room begins to dwindle. Sean Deveney of The Sporting News takes a closer look at six big-name RFA still seeking a new contract, so let’s dive in and round up the highlights…

Prior to free agency, rival executives estimated that Nikola Mirotic would seek something in the range of $20MM annually. However, the Bulls‘ power forward may have to settle for something closer to $12MM per year, according to Deveney, who notes that team owner Jerry Reinsdorf has played “hardball” in these situations in the past.
Deveney predicts that the Mavericks and Nerlens Noel will eventually negotiate a deal in the four-year, $85MM range.
The Spurs are expected to match reasonable offers for Jonathon Simmons, which could mean something in the range of $30MM over three years, per Deveney. The Kings and Knicks have expressed interest in Simmons.
Grizzlies RFA JaMychal Green has drawn some interest from the Bulls and he may be a backup plan for the Spurs depending on what happens with Simmons, says Deveney, adding that Memphis still wants to retain Green.
Bojan Bogdanovic‘s price tag is “quickly dropping,” according to Deveney. The Wizards RFA was believed to be seeking something in the range of $50MM over three years, but that doesn’t seem realistic at this point. The Kings may be Bogdanovic’s best bet if they don’t land another small forward, writes Deveney.

Eastern Rumors: Ellington, Haslem, Smart, Hawks

July 6th, 2017 at 8:20am CST by Luke Adams

The belief among Heat players is that Wayne Ellington will be back with the team next season, tweets Tim Reynolds of The Associated Press. Ellington is a candidate to be released within the next 48 hours or so, since his $6.27MM salary for 2017/18 – currently non-guaranteed – will become fully guaranteed if he remains under contract.

Even if the Heat ultimately decide that they need to waive Ellington to create some extra cap room for another move, that doesn’t necessarily rule out his return — the team could eventually re-sign him to a deal worth the $4.3MM room exception, if he’s open to accepting a pay cut.

Here’s more from around the Eastern Conference:

Reynolds provides another Heat-related tidbit, tweeting that Udonis Haslem is on the Cavaliers‘ radar. Haslem, who has spent his entire career in Miami, wants to stay with the Heat, and that looks like the most probable outcome. But a conversation between Haslem and the Cavs is likely, per Reynolds.
On Wednesday, an ESPN report indicated that the Celtics had called the Knicks about Marcus Smart, but New York’s level of interest in Smart was unclear. Following up on that story, Marc Berman of The New York Post reports that the Knicks do indeed have interest in Smart and are considering trade options as a way of filling part or all of their remaining cap space.
Italian forward Nicolo Melli received a contract offer from the Hawks, according to international basketball journalist David Pick (Twitter link). However, Pick reports that Melli has turned down that offer and will sign a multiyear pact with Fenerbahce in Turkey. Per Sportando (Twitter link), Melli’s new deal isn’t done yet, but will be within a few days.
The Raptors are the latest team to line up a deal to add a sponsored patch to their jersey, according to TSN’s Rick Westhead, who reports that Toronto has signed a three-year agreement with insurance company Sun Life Financial. The deal will pay Raptors ownership more than $5MM annually, sources tell Westhead. The list of NBA clubs that have agreed to jersey sponsorship deals can be found here.

Knicks Not Expected To Make Any Win-Now Moves

July 5th, 2017 at 10:59pm CST by ChrisCrouse

Nearly every team within the Atlantic Division has been busy this offseason by either adding key pieces or retaining their own stars. The Knicks may be the division’s lone exception and a league source tells Adam Zagoria of FanRag that the team isn’t expected to make any moves with the short-term in mind.

“[They are] building around K.P.,” one league source tells Zagoria. “Cleaning up all of Phil’s win-now mistakes.”

The source added that the franchise is “trying to build the right way, not with over-the-hill, oft-injured players that fit an antiquated and unproductive system.” New York added several veterans last offseason with the hope of making the playoffs while running the triangle offense during the 2016/17 campaign.

This offseason, the team appears to be targeting players who are not past their primes. New York was interested in Dion Waiters before the shooting guard re-signed with the Heat and it reportedly reached out to Jonathan Simmons about bringing the small forward to the Big Apple.

The Knicks remain hopeful that it can deal Carmelo Anthony and if a deal materializes, it could signal that the team will tank during the upcoming campaign. However, a source tells Zagoria that we won’t see a dramatic tank project akin to Philadelphia’s scheme with Sam Hinkie. “It looks like a rebuild,” a second league source tells Zagoria. “I do not think that they need to tank because they are not going to be very good anyway.”

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New York Knicks

Knicks Sign Frank Ntilikina To Rookie Contract

July 5th, 2017 at 5:23pm CST by Luke Adams

The Knicks’ new point guard has a new contract, according to the team, which announced today (via Twitter) that Frank Ntilikina has officially inked his four-year rookie deal. As Marc Berman of The New York Post tweets, Ntilikina’s mother was in attendance to witness the event.

[RELATED: 2017 NBA Draft Pick Signings]

As the No. 8 overall pick in the 2017 draft, Ntilikina is in line for a first-year salary of about $3.5MM, with a four-year total of $18.69MM on his new deal. The third and fourth years will be team options.

While Ntilikina projects to be the Knicks’ point guard of the future, it’s not clear whether he’ll get a chance to play major minutes right away. The club has been fairly quiet in free agency, but continues to seek a veteran point guard to act as a mentor for Ntilikina, who will turn 19 later this month.

Knicks Rumors: Rondo, Point Guards, Smart

July 5th, 2017 at 4:29pm CST by Luke Adams

The Knicks have been in touch with free agent point guard Rajon Rondo, according to Michael Scotto of Basketball Insiders (Twitter link). However, the two sides haven’t set up a meeting at this point, per Adam Zagoria of ZagsBlog (Twitter link).

While a report on July 1 indicated that New York had reached out to Rondo’s camp, Marc Berman of The New York Post suggests that the club didn’t formally make contact until today (Twitter link). Ian Begley of ESPN.com, who initially reported the team’s contact with Rondo on Saturday, reiterates that account, though he acknowledges that “no substantive conversation” happened over the weekend.

Regardless of when the Knicks first touched base with Rondo and his reps, it’s clear that the team continues to explore all its options as it contemplates adding a veteran guard to the roster. Here’s more on that search:

Some people who have been in contact with the Knicks recently got the impression that the team’s interest in Rondo isn’t particularly strong, per Begley.
The Knicks have heard from the Celtics, who are open to trading Marcus Smart, but it’s not clear whether or not New York is interested in Smart, writes Begley.
Derrick Rose and Shelvin Mack remain on the Knicks’ radar, according to Begley, who hears that the team is on the lookout for a mentor for rookie point guard Frank Ntilikina.

Heat, Knicks, Lakers Still In On Dion Waiters

July 5th, 2017 at 1:59pm CST by Luke Adams

Dion Waiters may be nearing a decision on his free agent destination, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the Waiters situation is “inching closer to resolution.” Waiters is considering the Heat, Knicks, and Lakers, per Wojnarowski.

Waiters, who earned less than $3MM in 2016/17, had a big year for the Heat, averaging 15.8 PPG, 4.3 APG, and 3.3 RPG with a shooting line of .424/.395/.646. Although he was limited to 46 games (43 starts), the 25-year-old appears likely to parlay his performance in Miami into a much bigger payday this summer after turning down his player option with the club.

The Heat, Knicks, and Lakers all have a good deal of cap room available, though New York will have to renounce Derrick Rose to make use of that room and Miami may dedicate a portion of its space to a new deal for James Johnson. It’s not clear how many years those teams will be willing to offer — the Lakers are known to be avoiding multiyear commitments, and it’s possible that Miami and New York will want to preserve cap flexibility for the summer of 2018 as well.

The Bulls and Kings were linked to Waiters earlier in the offseason, but Chicago is now in rebuilding mode and Sacramento made its big backcourt splash by agreeing to sign George Hill.

Free Agent Rumors: Wolves, Knicks, Waiters, Jazz

July 4th, 2017 at 10:09pm CST by Luke Adams

The Timberwolves were linked to free agent swingman C.J. Miles earlier today, but weren’t necessarily considered a probable landing spot for Miles due to the team’s lack of cap flexibility. However, according to Darren Wolfson of 5 Eyewitness News (Twitter link), who passed along the initial report on Miles, the Pacers are open to the idea of a sign-and-trade which would net them Cole Aldrich‘s contract and OKC’s 2018 first-round pick from Minnesota.

Both teams would have to agree on that sign-and-trade scenario, and of course Miles would also have to be on board, so there may be some snags along the way. But as Wolfson points out, there are ways for the Wolves to get creative if they really want to land Miles or another free agent.

Wolfson has more on the Wolves, tweeting that he has heard the team made an offer to Nick Young. That offer would likely be worth the $4.3MM room exception, and Young turned down a $5.67MM player option with the Lakers last month, so I’d be surprised if Minnesota’s offer is enough to land him, but the club clearly remains on the lookout for shooting help.

Here’s more on free agency:

The Knicks continue to stay in touch with free agent guard Dion Waiters, according to Ramona Shelburne of ESPN, who reports (via Twitter) that Waiters and Rajon Rondo remain on the Lakers‘ radar.
With Gordon Hayward and Otto Porter off the board, the Jazz have expressed interest in Rudy Gay, says Alex Kennedy of Basketball Insiders (Twitter link). As Royce Young of ESPN tweets, Patrick Patterson essentially took the deal that Gay was unwilling to with the Thunder, so OKC may be out, leaving the Heat and Jazz as the top contenders for Gay.
Having already brought back nearly all of their key free agents, the Warriors are also considered likely to re-sign Zaza Pachulia, according to Sam Amick of USA Today.
After a strong showing for the Pistons in Summer League play, Eric Moreland is believed to have received a multiyear contract offer from Detroit, tweets Steve Kyler of Basketball Insiders.