The Knicks reached an agreement with Metta World Peace (Ron Artest) on Monday. The deal is for 2 years and is worth approximately $1.6 Million per year, meaning that the Knicks have used their entire midlevel exception and now can only offer the veteran’s minimum salary to free agents ($1.4 M). World Peace, an elite defender, gives the Knicks more flexibility with their rotations and provides a level of toughness few in the NBA can match. Signing Metta solves the Knicks’ needs behind Carmelo Anthony at the Small Forward position. Up next? The Knicks must find a third point guard and shore up their depth in the front court. Re-Signing Kenyon Martin could emerge as their main priority in the next couple days. Nate Robinson will get a look at the Point, but is likely to sign elsewhere for more money. Jeremy Tyler, Toure Murry, and Jerome Jordan are candidates to make the team out of Summer League, and Earl Barron might be on his way back (at the minimum salary, of course). What moves do YOU want to see from the team? Let us know in the comments!
The New York Daily News is reporting that Pablo Prigioni has agreed to sign an extension with the Knicks. Prigioni will be given a 3-year contract, of which the first 2 are guaranteed. It is believed that Pablo will take a bit less than half of the Knicks mid-level exception, leaving them with about $1.7 Million left of their MLE. The Knicks would like to use this money to re-sign Chris Copeland, although the high-scoring forward will likely have offers elsewhere that will be too high to pass up. What we know for sure is that Pablo will be back with the Knicks. Exact terms of the deal should be released shortly. -Tommy
Sources are reporting that there is mutual interest between the Knicks and free agents Nate Robinson, Elton Brand, and Matt Barnes. While Brand would likely be willing to take the minimum, Barnes could cost more and Nate would almost certainly demand most, if not all, of the Knicks $3.1 Million Midlevel Exception. While Brand seems like a strong candidate to join the roster, Nate still seems like a long shot (and signing him would likely signal the end of Chris Copeland’s days in New York, and maybe Pablo Prigioni’s as well). As for Barnes, he is the wild-card here. He might take the vet’s minimum, but he might get better offers elsewhere, and I am not sure if the Knicks would want to use their midlevel exception on him. More to come, stay tuned. -Tommy
Chris Paul wanted to be a Knick. The Knicks wanted Chris Paul to be a Knick. Unfortunately, thanks to some bad timing, the salary cap situation never worked out between the 2 parties. The Knicks signing of Tyson Chandler signaled a commitment to interior defense that cost them a reasonable shot of acquiring the All-Star Point Guard.
Sources are indicating that Paul’s representatives have told other teams not to bother contacting the superstar out of Wake Forest once free agency begins, telling all interested GM’s that CP3 is off the market. Chris Paul, by all indications, will remain a Clipper.
Was this Paul’s first choice? Probably not. But it was the most attractive option on the table for CP3. The acquisition of Doc Rivers seemingly sealed the deal. Move on, Knicks fans.