The New York Knicks and Portland Trail Blazers have just come to terms on a sign-and-trade that will send Raymond Felton and Kurt Thomas to New York for Jared Jeffries and Dan Gadzuric. This comes on the heels of several reports saying the Knicks were nearing a deal with Raymond Felton.
As reported by multiple sources, it appears Raymond Felton is close to joining the Knicks. The Knicks’ only remaining trade chip is Dan Gadzuric’s non-guaranteed deal, which would allow them to send out his $1,352,181 contract and receive up to $2,128,271. Since Felton will likely demand a bit more than the veteran’s minimum, it’s likely the Knicks will pursue a sign-and-trade with the Blazers to get him. In such a sign-and-trade, Felton could make up to $2,128,271, which could prove to be a steal if he shows up in shape and ready to work, or a mistake if regresses even more so than last season.
Artsiom Parakhouski wins the opening tip, James “Flight” White (with a nice look) finds an open Chris Copeland for an easy bucket, and then…
Well, suffice it to say, it wasn’t pretty!
Before you say it, I know, I know…it’s the summer league! As Anthony Donahue pointed out, some people were comparing Renaldo Balkman to Latrell Sprewell after one summer league game.
I’ve gotten a bunch of questions about Jeremy Lin and his contract, so thought I’d just quickly give you all a rundown of what’s going on.
Last week, we learned that the Houston Rockets came to terms on an offer-sheet with Jeremy Lin. The reported value of the deal was four-years (with the fourth being an option), worth $28.8 million. Since it agreed to during the NBA’s moratorium period, nothing could be signed until the moratorium period ended on July 11th. As the clock struck 12:01 AM on July 11th, free-agents were allowed to sign with new teams, and restricted free-agents were permitted to sign offer-sheets. Numerous deals went down on the first official day of free-agency, but even more trickled in the following day.
Tonight, at 9PM EST, the Men’s Olympic Team will take on the Dominican Republic in an exhibition match. This will be the first time we see Tyson Chandler and Carmelo Anthony – two of the Knicks’ big three – put on their countries colors in a mission for a gold medal in London.
The rise of Jeremy Lin has made the young point guard one of the most polarizing players in New York. There seems to be a myriad of ridiculous misconceptions concerning the 23 year old point guard that has made evaluating his contract situation extremely difficult. Lin’s detractors will say that the he is just a backup, that the Knicks are only re-signing him to appeal to Asian Americans, or that Lin will force the Knicks to pay a huge luxury tax bill. These doubts have prompted some to believe that Lin is simply not a good fit for New York. This notion is completely ridiculous, misguided by stereotypes and hypocrisy. Truth be told, the Knicks need Jeremy Lin, the basketball player, more than any of Lin’s critics could possibly imagine.
Pablo Prigioni, a 35-year-old Argentianean point guard who has been playing in Spain, has decided to accept the New York Knicks’ offer and come to the United States, according to Marc Berman. He’s set to become the oldest rookie in the NBA. Ever, I believe.
Yesterday I wrote about a few potential shooting guard options with Dan Gadzuric’s deal, but now, let’s look at one last option that some might believe to be ridiculous, but still an option, non the less: Landry Fields.
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.
After coming to terms on a sign-and-trade with the Houston Rockets for Marcus Camby, the Knicks still have Dan Gadzuric and his $1,352,181 contract to play with. I’ve had people ask me about including other player’s, notably Renaldo Balkman and Mike Bibby, salary in a deal, but teams are not allowed to trade players they’ve released, even if they’re still getting paid (Balkman) and Mike Bibby would have to agree to a non-guaranteed deal just to help the Knicks (unlikely).
Around 2 AM this morning, JR Smith re-signed with the New York Knicks. He agreed to a two-year deal that pays him $2.8 million in the first-year and a player option in the second year. CAA, Smith’s representation, released this statement:
The Houston Rockets and the New York Knicks have come to terms on a sign-and-trade that will send Marcus Camby to New York. The terms of the deal are as follows:
- Toney Douglas