New York Knicks Rumors | Hoops Rumors

And-Ones: Calderon, Davis, Sullinger

July 7th, 2016 at 12:58am CST by Eddie Scarito

Knicks big man Kyle O’Quinn says the team’s offseason moves should translate into a playoff berth in 2016/17, Marc Berman of The New York Post relays. “I’m excited about every year, but this year it looks so clear,’’ O’Quinn told Berman. “A lot of people will put us in there. It’ll be a different element in training camp instead of being a startup trying to shock the world. We made a lot of changes and it looks like the playoffs, but you got to put the work in.”

Here’s the latest from around the NBA:

The Bulls and Sixers had discussions about Philly acquiring Jose Calderon, but the two sides were unable to reach a deal and the point guard was traded to the Lakers instead, David Aldridge of NBA.com tweets.
Several teams are looking to clear cap room to make a run at Bucks restricted free agent Miles Plumlee, Aldridge tweets.
Unrestricted free agent Glen Davis, who sat out last season after undergoing surgery to repair torn ligaments, a cyst, and bone spurs in his left ankle, has resumed basketball activities and is looking to catch on with an NBA club, Marc J. Spears of The Undefeated tweets.
The Celtics face a tough decision regarding restricted free agent Jared Sullinger, with the team in need of his rebounding, but not in the position to match a large offer sheet by another team, were the big man to sign one this offseason, writes Chris Forsberg of ESPN.com.
The Hawks are still actively trying to improve the team and are looking to add another frontcourt player and a point guard, Chris Vivlamore of The Atlanta Journal Constitution notes. One big man option for Atlanta could be Kris Humphries, who expressed a desire to return during his exit interview with the team, Vivlamore adds.
Clippers guard C.J. Wilcox will have surgery to repair a broken right hand on Friday, the team announced. Wilcox was given a timeline of four-to-six weeks before he will be able to return to basketball-related activities, according to the team.
The Lakers are pleased with what they have seen in summer league play from 2016 lottery pick Brandon Ingram, Joey Ramirez of NBA.com writes. “I’m very excited about what he can do,” coach Luke Walton said. “Obviously he’s young and there’ s a lot of work to do. This is a grown man’s league. But as far as knowing how to play the game and the skill set of being able to handle the ball, bring it up, post up, his defense — he’s been all over the place defensively, getting deflections for us — I’m very excited about the way he’s played so far.”

Could 2016 Moves Land Knicks Big-Name 2017 FA?

July 6th, 2016 at 10:33am CST by Luke Adams

Frank Isola of The New York Daily News wonders if the Knicks will get back into the conversation for a top-tier free agent – such as Russell Westbrook – in 2017 if Phil Jackson‘s moves this summer pay off and result in a strong 2016/17 season. We asked you yesterday to make predictions for the Knicks’ forthcoming season.

Scouting Reports On Kuzminskas

July 5th, 2016 at 7:33pm CST by Eddie Scarito

Lithuanian forward Mindaugas Kuzminskas, who agreed to a two-year deal with the Knicks earlier today, has been compared by some European scouts to a number of notable NBA big men, Marc Berman of The New York Post writes. One overseas scout told the scribe that Kuzminskas has “Danilo Gallinari skills’’ and is a good defender, while another said his game resembles a young Dirk Nowitzki’s in style, if not in quality.
The Knicks’ primary competition for Kuzminskas’ services were the Hawks and Lakers, Berman tweets.

Knicks Sign Willy Hernangomez

July 5th, 2016 at 3:45pm CST by Luke Adams

FRIDAY, 11:07am: The Knicks have formally announced Hernangomez’s signing, making it official (Twitter link).

TUESDAY, 3:45pm: According to Frank Isola of The New York Daily News (via Twitter), Hernangomez’s deal will be for at least three years, which means the Knicks are using cap space to complete it.

3:00pm: After spending the first few days of July securing NBA free agents, the Knicks have shifted their focus to overseas players today. Having agreed to terms with Lithuanian forward Mindaugas Kuzminskas earlier this afternoon, New York has also struck a multiyear deal with a 2015 draftee, Spanish center Willy Hernangomez, per Adrian Wojnarowski of The Vertical (Twitter link). The contract will be fully guaranteed, tweets Ian Begley of ESPN.com.

Hernangomez, the 35th overall pick in last year’s draft, didn’t see much action during Euroleague play for Real Madrid this past season, posting averages of 4.3 PPG and 3.4 RPG in 10.6 minutes per Euroleague contest (10.6 games). However, the 22-year-old did shoot an impressive 64.3% from the field in his limited action.

There have been multiple reports indicating throughout the spring and summer that Hernangomez planned on joining the Knicks this offseason. A May report suggested that the 6’11” center had rejected two offers from Real Madrid, and that it would take a significant shift in momentum for him not to wind up with New York next season.

That same report in May indicated that a four-year offer would be on the way for Hernangomez, but it remains to be seen whether or not that will be the case. Contracts signed using the minimum-salary exception can’t be longer than two years, but if the Knicks use cap room to sign Hernangomez to a minimum-salary deal, which they should be able to do, it could be for up to four years.

Knicks Still Have Langston Galloway's Early Bird Rights

July 5th, 2016 at 1:28pm CST by Luke Adams

Although the Knicks rescinded Langston Galloway‘s qualifying offer, making him an unrestricted free agent, the team still holds his Early Bird rights and could exceed the cap to re-sign him, notes Ian Begley of ESPN.com.

Knicks Re-Sign Lance Thomas To Four-Year Deal

July 4th, 2016 at 7:10pm CST by Dana Gauruder

FRIDAY, 2:16pm: The Knicks have officially re-signed Thomas, the team announced today (via Twitter).

MONDAY, 7:10pm: The Knicks have reached a multi-year agreement with their restricted free agent forward Lance Thomas, a league source informed Chris Haynes of Cleveland.com (Twitter link). The contract is a four-year deal starting at around $6.1MM, Ian Begley of ESPN.com tweets. That would make the contract worth approximately $27.3MM.

The 6’8” small forward, who has played five NBA seasons, averaged 8.2 points and 2.2 rebounds in 22.3 minutes last season for New York while appearing in 59 games. He has also played for the Pelicans franchise and Thunder in his NBA career.

Thomas had received interest from the Thunder as well as the Timberwolves, Spurs, Clippers, and Pelicans in the free agent market.

Knicks Rescind Langston Galloway’s Qualifying Offer

July 4th, 2016 at 6:03pm CST by Dana Gauruder

The Knicks have rescinded their qualifying offer to shooting guard Langston Galloway, making him an unrestricted free agent, sources told Ian Begley of ESPN.com. Galloway’s qualifying offer was worth $2.725MM.

The move was likely made to fit Brandon Jennings‘ contract offer into cap space, Begley continues. The former Bucks, Pistons and Magic point guard agreed to a one-year, $5MM deal with New York on Monday. Galloway could still re-sign with the Knicks but rescinding the QO obviously reduces their bargaining power, since they could have matched an offer when he was a restricted free agent.

Galloway appeared in all 82 games in his second season with the Knicks, though he started just seven games. He averaged 7.6 points, 3.5 rebounds and 2.5 assists in 24.8 minutes while shooting 39.3% from the field.

The club has not renounced free agent forward Lance Thomas, so it can use Early Bird rights to sign him to a contract worth a maximum of approximately $6.2MM, Begley adds.

Several teams have shown an interest in signing Galloway, and Thomas also has a number of suitors, including the Thunder, Timberwolves, Nets and Hawks, Begley previously reported.

Knicks Sign Brandon Jennings

July 4th, 2016 at 3:28pm CST by Luke Adams

FRIDAY, 1:07pm: The Knicks have officially signed Jennings, the team announced today (via Twitter).

MONDAY, 3:28pm: It’ll be a one-year, $5MM deal for Jennings and the Knicks, according to Goodwill (Twitter link). That could be a nice value pickup for New York if the former 10th overall pick can stay on the court in 2016/17.

3:19pm: Veteran guard Brandon Jennings has become the latest notable free agent to strike a deal with the Knicks, according to Vincent Goodwill of CSN Chicago, who reports (via Twitter) that the two sides have agreed to terms. ESPN’s Marc Stein first reported (via Twitter) that the Knicks were on the verge of reaching an agreement with Jennings.

It has been a busy offseason so far for the Knicks, who kicked things off in June by acquiring Derrick Rose in a five-year player trade with the Bulls. The team has since reached agreements with Joakim Noah and Courtney Lee on four-year deals that will pay them $72MM and $48MM, respectively.

Based on those deals, the Knicks weren’t expected to have a whole lot of money left to go shopping for a backup point guard, so landing Jennings could be a coup for the team, assuming there are no other moving pieces in play. We’ll have to wait for the full terms of the deal to surface before we can evaluate it, but if he’s healthy, Jennings is capable of backing up Rose and scoring points off the bench.

Jennings, 26, has been plagued by injuries over the last two years, having missed about half the season in both 2014/15 and 2015/16. He also saw his minutes and his production take a huge hit last season in both Detroit and Orlando. He averaged just 6.9 PPG for the season, after never having scored less than 15.4 PPG in any of his six previous seasons.

As is the case with Rose and Noah, the Knicks are presumably counting on Jennings to return to health and to look a little more like his old self going forward.

The Knicks figure to have renounce the rights to one or two of the free agents they’d wanted to re-sign in order to make room for Jennings. Derrick Williams, Langston Galloway, and Lance Thomas are candidates to be let go, with Williams likely heading that list.

Photo courtesy of USA Today Sports Images.

Knicks Interested In Tim Frazier

July 4th, 2016 at 9:37am CST by Luke Adams

One of the players on the Knicks‘ list of inexpensive guard targets is Tim Frazier, according to Ian Begley of ESPN.com. Frazier is a Pelicans restricted free agent, so New Orleans would have an opportunity to match an offer sheet. Meanwhile, New York only has about $5MM – or less – in cap room remaining, and may look to create a little more space via trade(s), per Begley.

Knicks Favorites To Sign Lance Thomas

July 4th, 2016 at 12:15am CST by Luke Adams

While the Nuggets continue to pursue Dwyane Wade, the Knicks and Bulls appear to be unlikely suitors for the veteran guard after having committed significant chunks of leftover cap room to other players, writes ESPN’s Marc Stein. Wade’s reps have also reached out to the Mavericks, and a meeting with the Bucks is expected to take place this week, but it would still be a surprise if the former Finals MVP signs with any team besides the Heat.

The odds of Lance Thomas re-signing with the Knicks are “better than 50-50,” a source tells Marc Berman of The New York Post. According to that source, Thomas has received at least two offers that would exceed what the Knicks could give him, but the forward’s preference is to remain in New York. In addition to previously-reported suitors like Minnesota and Oklahoma City, the Spurs, Clippers, and Pelicans are also interested in Thomas, per Berman.
Having reached deals with a center (Joakim Noah) and a shooting guard (Courtney Lee), the Knicks‘ next priority will be finding a viable backup at point guard, writes Newsday’s Al Iannazzone.