New York traded Pablo Prigioni to Houston for Alexey Shved and second round picks in 2017 and 2019. The Knicks drop Prigioni’s $1.7 Million contract for next season ($300 K guaranteed) and replace it with Shved’s expiring deal, using one of their trade exceptions to accommodate the former Rocket’s larger contract. The Knicks are low on future picks, and Prigioni was a strong candidate to retire after the season, so this is a good move.
However, a lack of assets caused by hasty trades forced the Knicks to sit on the sidelines while quality point guards like Goran Dragic, Isaiah Thomas, Brandon Knight, and Michael-Carter-Williams. With Dragic likely to sign with Miami long-term, it’s unclear if the Knicks will be able to upgrade their PG position going forward.