How A Dahntay Jones Trade Would Work – Or Another Higher Paid Free Agent, For That Matter


According to Al Iannazzone, the Knicks are “exploring whether they can get Dahntay Jones from Indiana in a trade.”

At first, I was like, “oh, fantastic. We can do a Gadzuric for Jones swap,” but after taking a closer look, it won’t be that easy.

As you all know, Dan Gadzuric’s $1,352,181 can be shipped out in a trade that would send $2,128,271 back to the Knicks. Unfortunately, Dahntay Jones had a player option of $2,900,000 for the upcoming season and chose to pick it up last year. Because of that, any Gadzuric for Jones swap would be illegal, since the Knicks would be taking back ~$700,000 more than they’re allowed to. A deal can still be put together, though.

Yes, Dan Gadzuric is the only remaining non-guaranteed contract on the team, but the Knicks could use Jared Jeffries, Mike Bibby or Baron Davis in a potential deal, if they were to agree to it. All three players are currently free-agents, but the Knicks could sign-and-trade one of them with Dan Gadzuric to the Indiana Pacers, sending out enough money to take back Jones.

Jared Jeffries, Mike Bibby and Baron Davis could all be given three-year deals (a restriction for sign-and-trades), with just the first-year guaranteed. Of course, the Pacers would have to be content taking one of the players, but since the Knicks can send out some money (~$1 million) to cover nearly 80% of the veteran’s minimum salary, it might make it a bit easier.

If I had to bet, Jared Jeffries might be the player the Knicks approach to send to Indiana, as he’s from there, and would contribute the most to the team. Mike Bibby could be an option, too, because unlike Baron Davis, he could actually play basketball this season.

UDPATE: Actually, on second thought, the Pacers might be willing to do such a deal without acquiring second round picks or even cash to cover the incoming player’s salary. I’m going to use Jared Jeffries for arguments sake, not because I think he’s leaving.

Dealing Dahntay Jones for, essentially, Jared Jeffries (Gadzuric will be waived immediately) would save the Pacers ~$1.5 million. Jeffries would make $1,352,181, the veteran’s minimum for a 10 year veteran, while Dahntay Jones will make $2,900,000. If the Pacers don’t see Jones in their future, they could flip him to New York to clear up some cap space.

If a deal was to occur, it would have to include Gadzuric’s non-guaranteed deal and a sign-and-trade of Bibby, Jeffries or Davis. The Pacer’s might agree to it since they would shed ~$1.5 million, but if they don’t value cap space highly enough, the Knicks could include cash considerations and/or future second round draft picks.

UPDATE #2: Dahntay Jones was traded to the Dallas Mavericks, along with Darren Collison. While the Knicks can no longer pull off such a deal for Jones, a sign-and-trade using Jeffries, Bibby or Davis’ contract is still possible.

  • Anonymous

    What about the 900k or so left? Can that be added after paying TD contract in Houston?

    Did the Knicks try to add Courtney Lee to Camby trade?
    Camby is a great player but for what we gave, we should have had Lee in there as well.

    • http://twitter.com/TheKnicksWall Jonah Kaner

      Yes, that $1 million can be included to pay for the first year of the sign-and-trade’s contract.

      No word if the Knicks formally reached out to Lee, but I hope they at least tried.

      • Anonymous

        Thanks for taking time to answer my questions.

        I meant if The Knicks could use that 1m to take an additional salary back. So with Gadzuric’s contract and the 1m, take back about 3.5m in salary due to the 150% rule?

        • http://twitter.com/TheKnicksWall Jonah Kaner

          VERY common misconception.

          It’s 150% of Gadzuric, then $1 million on the side, not 150% of Gadzuric+$1 million…

          • Anonymous

            okay, so are the Knicks allowed to take back about 3m in salary with Gadzuric’s contract and about 1m cash?

          • http://twitter.com/TheKnicksWall Jonah Kaner

            No, they can take back $2,128,271. The $1 million is just an add-in to entice a team to help the Knicks pull of a deal.

          • Anonymous

            That sucks, cause if Morey didn’t rape the Knicks on the Camby trade, AGAIN(JJ deal), we would be able to do another trade with if we were able to keep of Jordan or Jorts contract. I love Camby but considering he was a UFA at 39 years of age, it was a great trade for Houston too. It is almost as if he enjoys screwing the Knicks over and we even in his Conference. Thanks for explaining and chatting…

          • Anonymous

            One last question, do you know if The Knicks have the early bird rights to Jared Jeffries? If so, he is the last possible player we could use in a S&T, that we might be willing to part with.

    • Ortizjoshmanuel

      well we can teams dnt sign till tommorow they can do a sign nd trade but highly likey not

    • Anonymous

      how about Marco Belinelli?the guy can shoot the 3,plus weve neede an italian since Gallo left

  • Bsems

    I don’t do it. Yes we need guard depth. But if we trade jeffries, our versatile big man. That leaves us super thin in the front court. Forcing us to use novak more at the 4 if we have any foul trouble or injury. I’m not down for that. Jeffries ability to play good defense is worth more than having a backup guard (Jones) who isn’t that much better than the rest of the free agent guards we can get for gadz plus picks

    • http://twitter.com/TheKnicksWall Jonah Kaner

      I agree.

      They could always trade Bibby in the same situation, only reason I used Jeffries as an example is because he might actually help them. Bibby would still save them ~$1.5 million. So if they’re just looking to save money, Bibby could be in play.

  • Anonymous

    Dahntay is an above average wing defender. I luv Jeffries but deuces.

  • LinsaneinLA

    Hope they convince Bibby to do a sign and trade. We should hold onto Jeffries!

  • http://twitter.com/hbkrvdbew Brian Webster

    This is why the Knicks gave up too much in the Camby deal. Not because of the pieces they gave up but because they gave them all up in a deal for 1 player when they could’ve done 2 sign and trades with those pieces plus Gadzuric. Keeping just 1 of Jorts or Jordan or the 2 draft picks or the $2M to pair with Gadzuric would’ve left the Knicks in an infinitely better position then they are now. Right now how many teams are that desperate for $1M that they’ll do the Knicks a favor and give them a $2.1M player just for the right to cut Gadzuric instead of the Knicks? A whole lot less than would be willing to do it for Gadzuric and $3M or Gadzuric and 2 2nd rd pks or that would give a $3.2M player for Gadzuric and Jorts or Jordan and $1M. It wouldn’t surprise me at all if the Knicks aren’t able to move Gadzuric for anyone now and they just end up cutting him themselves. And if they do move him it won’t be for the quality of player it could’ve been for had they not emptied the barrel and kept just 1 of those add-in pieces they gave Hou.

    • Bsems

      Camby wanted a little more $ than just what one or two guys would have equalled out to. So either play all season with below avg rebounding backups who will make rookie mistakes or throw in extra players who will.rife pine for us to get the best rebounding big in the game(statistically) who if stays healthy will let us have a good defending /rebounding big on the court at all times

      I say its a good move, because Camby is going to get way more minutes than a 3rd string guard will.

      • http://twitter.com/hbkrvdbew Brian Webster

        Well Knicks were already at double the salary his other options could offer at $3M with the others only having $1.5M. But whatever if they had to include the 3 players I’m fine with that. But then they should’ve given the Rockets either the 2 draft picks or the $3M cash not both. They didn’t need all that sweetener. That would’ve allowed the Knicks to have something to pair with Gadzuric in another trade. Now they have this movable piece left over but no means to give another team a reason to take it in a trade.

  • LinsaneinLA