Because the Sixers have room under the salary cap and therefor can absorb bad contracts, they have become everyone’s favorite dumping ground for bad contracts. By everyone I mean people at home playing on the trade machine and real GMs looking for options alike.
Enter the Knicks and Amare Stoudemire.
Stoudemire will make $23.4 million this season, the last year of the max deal that brought him to New York (to pair with Mike D’Antoni… that’s a memory Knicks fans would like to repress). That contract, combined with Andrea Bargnani’s $11 million and in theory a max contract for Carmelo Anthony (the cap hold is there now) ties the hands of what Phil Jackson could do. However, if he could dump Stoudemire’s deal…
Enter the Sixers and rumors, ones that first went big with Stephen A. Smith on ESPN and now picked up by the New York Post.
Knicks president Phil Jackson is still trying to clear this year’s payroll and has looked at avenues to try to trade Amar’e Stoudemire’s expiring contract, already having contacted the obvious team, the 76ers.
The Sixers have $30 million in cap space and have made it known they’d be willing to accept an undesirable expiring contract if a pawn is thrown in. That extra pawn likely would be Iman Shumpert — something the Knicks prefer not to do.
The idea is, at the least, to reduce payroll so the Knicks can make a sign-and-trade to obtain a free agent and be able to wield the full mid-level exception of $5 million instead of mini-mid-level $3.27 million. Currently, the Knicks are above the luxury-tax apron and are forbidden to obtain a free agent through a sign-and-trade or use the full mid-level to try to lure free agent Pau Gasol.
This is unlikely. To put it kindly. I see it as a Knicks fan fantasy — Jackson I’m sure did make the call, he should at least try — but not one the Sixers likely pull the trigger on without more in return.
The Knicks have shopped Shumpert around since the last trade deadline so the idea that Jackson is hesitant to move him now is borderline laughable.
The better question is would the Sixers do all this just to get Shumpert? Hard to see that, they will want more. Problem is the Knicks don’t have more and the Sixers will have other offers to fill up their cap space that could land them picks or better young players (a proposed Jeremy Lin deal from the Rockets, for one).
This trade makes a lot of sense for the Knicks, who if Carmelo Anthony returns would love to add Pau Gasol at a reasonable price to the mix. Of course, the Thunder and Spurs have offered Gasol that exact same financial deal and those teams are legit title contenders next season, and the Bulls are expected to go hard at Gasol (and could make a larger offer) if/when Anthony chooses another destination. Which is to say Gasol to the Knicks is not likely at all.
I could go on, but you get the idea. This is out there, Phil Jackson might love to make it happen, but the quick fix is not coming to New York. This is going to be a process, it’s a deep hole to climb out of.