Report: Arron Afflalo and Derrick Williams opting out of Knicks contracts

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The Knicks made their big move – trading for Derrick Rose – but it was preceded by a couple smaller decisions.

Arron Afflalo and Derrick Williams are opting out.

Michael Scotto of Sheridan Hoops:

Ian Begley of ESPN:

Afflalo ($8 million) and Williams ($4,598,000) will likely receive more next more next season than they would’ve by opting in.

Afflalo disappointed relative to expectations, but he’s still a solid reserve. He’s a helpful scorer, though his defense has regressed dramatically. In this cap environment, that’s probably worth more than $8 million.

Williams made tremendous strides last season, and he’s just 25. He probably won’t ever live up to the hype of being the No. 2 overall pick, but he can help teams.

These decisions also likely help the Knicks, whose market make cap space more valuable. There’s always a chance New York draws a star, so there’s less value there for having slightly underpaid role players. The Knicks, counting cap holds for Langston Galloway and Lance Thomas, project to have more than $31 million in cap space.