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Knicks Free-Agency Bonanza!

Late last night, things started to heat up on the Knicks’ free-agency front. A bunch of things have circulated, so let’s take a second to look at what’s out there.

According to David Aldridge, the Knicks have offered J.J. Barea a two year deal using the new “room” exception, valued at $2,500,000 a year.

This is both exciting and madening, depending how you look at it. In one way, this could be a great addition. Should Barea accept this offer, it should be considered a steal. Sure, he may not be the most gifted defensive player, due to his height, nor can he knock down uncontested shots consistently, but he can bring the ball up the floor in a split second, and he can run around the offensive side of the court, creating multiple holes in the opposing defense. Adding Barea would fill the Knicks’ vacant spot at the point-guard position, but possibly elimate the Knicks’ shot at re-signing Shawne Williams.

Shawne Williams was expected to release his decision yesterday regarding where he will sign, but we were left stranded without an answer.

Many Knicks fans appreciate how Shawne played last year and would be devastated should he not return. If the Knicks dish the “room” exception to Barea, Williams will be in a tough place: should he take a larger monetary offer elsewhere, or should he accpet to play for the Knicks, the team that gave him a shot when no one else did, for the league’s minimum salary (he can be signed to a two-year minimum deal, should he want a longer commitment).

On Twitter, I asked, “Since it seems extremely unlikely we can resign Shawne Williams AND sign JJ Barea, who would you guys prefer on the Knicks?” Here are three of the replies. The first two were pretty common… the last one was pretty confident in Shawne Williams.

More after the jump…

 

 

Then the change-up came:

 

Supposedly the Knicks are trying to come to terms with ex-Knicks, and current free-agent, Jamal Crawford.

How would that work, you ask?

Well, there are three options:

  1. Knicks withdraw their offer to Barea and offer Crawford the “room” exception, hoping he will take a pay-cut to play for them.
  2. Knicks keep the room exception offer to Barea in play, or even switch it over to Shawne Williams, and Jamal Crawford takes a DRASTIC pay-cut and comes to play in New York for the veteran-minimum.
  3. Knicks complete a sign-and-trade with the Hawks.
Alex Kennedy structures the sign-and-trade like this:
Built around Renaldo Balkman’s $1.67 million deal, Bill Walker’s $916,000 deal and Toney Douglas’ $1.145 million deal, the Knicks would be sending out $3.73 million in salaries. The new collective bargaining agreement would allow New York to take back 150 percent plus or minus $100,000, which would give Crawford a starting salary of $5.6 million.
UPDATE: Multiple outlets are reporting that the Knicks will not include Toney Douglas in a deal for Jamal Crawford. I just ran the numbers and here are two alternate trade possibilities between the Knicks and Hawks:
Option 1:
TO ATLANTA
  • Renaldo Balkman – $1,670,000
  • Bill Walker – $916,000
  • Landry Fields – $788,872
TO NEW YORK
  • Jamal Crawford starting at $5,062,308
Option 2:
TO ATLANTA
  • Renaldo Balkman – $1,670,000
  • Bill Walker – $916,000
TO NEW YORK
  • Jamal Crawford starting at $3,879,000
While neither of these proposals give Crawford the $5.6M he can get if Toney Douglas leaves, the Knicks will be holding onto Douglas, and possibly Fields, which will make the back-court very deep.

Adding Crawford could be fun, but would it really be plausible? You’re trading Toney Douglas, one of the team’s best defenders, for a player that is notoriously bad at defense. Actually it sounds perfect; it’s a trade the Knicks would pull off…

Things have gotten nuts in regards to free-agency, and only time will tell what happens, but I’ve tried to sum up what was going on with the Knicks last night…
  • Anonymous

    J.J. Barea
    Jamal Crawford
    Carmelo Anthony
    Amar’e Stoudemire
    Tyson Chandler

    Mike Bibby
    Iman Shumpert
    Michael Redd
    Landry Fields
    Shawne Williams
    Jared Jeffries
    Jerome Jordan

    That’s pretty damn awesome.

    • Anonymous

      That would be pretty awesome but where did you get Michael Redd from?

      • http://twitter.com/TheKnicksWall The Knicks Wall

        He’s been brought up before. He’s said that he would like to finish career in Milwaukee, though.

    • http://twitter.com/TheKnicksWall The Knicks Wall

      It would be insane, too insane to happen… I don’t think there is a way to get Barea, Crawford, Williams AND Redd. Who knows, though?

  • http://twitter.com/KAinthebuilding Kenny Anderson

    knicks need to keep williams and move balkman,

    • http://twitter.com/TheKnicksWall The Knicks Wall

      I hope it’s that easy. I agree, 100%.

  • Anonymous

    Tough decisions.

    • http://twitter.com/TheKnicksWall The Knicks Wall

      Very, very, very tough decisions. At first I didn’t feel Grunwald was up to the task, but I’m confident he’ll make the right call.

  • http://twitter.com/StatMelo C

    that sign and trade will leave us without a bench

    • http://twitter.com/TheKnicksWall The Knicks Wall

      Yeah. If that S&T gets done, they better have a plan to acquire at least a viable PG, hopefully a few more bench pieces…

      • Anonymous

        I dont think I like the sign and trade, just add Barea and Williams and keep Douglas and Walker. Eventhough I like Crawford.

  • Anonymous

    I just heard about Williams or Barea and after thinking about it, I think Barea is more important for the Knicks. Eventhough I would love to have both.

    • Anonymous

      I agree. I think Earl Clark is an option at the minimum to fill Extra E’s role. I don’t see a near-equivalent option for Barea.

  • CC

    how about including shawne in the sign and trade

    • http://twitter.com/TheKnicksWall The Knicks Wall

      The Knicks have yet to sign Shawne Williams.

  • Anonymous

    What happened with Barea?

    • http://twitter.com/TheKnicksWall The Knicks Wall

      No new news, yet. I guess we’ll need to wait a little longer to see what happens!