NBCSports.com’s Dan Feldman is grading every team’s offseason based on where the team stands now relative to its position entering the offseason. A ‘C’ means a team is in similar standing, with notches up or down from there.
Knicks president Steve Mills and general manager Scott Perry talked a big game about patiently rebuilding – practically a foreign concept in New York.
And most of the summer, they backed up their words.
Yet, even in the Knicks’ most patient offseason in years, they closed it with an incredibly impatient move.
New York stretched Joakim Noah, locking in a cap hit of $18,530,000 this season and $6,431,667 each of the following three years. The move opens an additional $12,863,333 in cap space next summer.
But what if the Knicks don’t need that extra room? What if they don’t attract free agents worth spending that amount then? Eating Noah’s entire $19,295,000 2019-20 salary that season, rather than splitting it over three years, is off the table.
What if they need even more room? What if they can draw great free agents who command more money than New York can offer? Attaching sweeteners to trade Noah’s salary and remove it entirely is also now impossible.
The Knicks could have waited until next summer to stretch, straight waive or trade Noah. They would have had far more information then, as the stretch deadline is Aug. 31.
This move puts so much needless pressure on New York to use its cap space next summer. Though the Knicks’ reported top target, Kyrie Irving, already said he’d re-sign with the Celtics, Kevin Durant-New York rumors are swirling, and Jimmy Butler put the Knicks on his list. The Knicks project to have about $33 million in cap space next summer, including a cap hold for only Kristaps Porzingis. They could add a franchise-changing star.
But this doesn’t jibe with a patient rebuild.
Biding time until next summer, New York took fliers on Mario Hezonja (one year, $6.5 million) and Noah Vonleh (one year, minimum). But despite seemingly tepid markets for those two in free agency, the Knicks didn’t capitalize on their leverage by attaching any additional unguaranteed seasons to their contracts. That will make it extremely difficult to get value from them. If Hezonja or Vonleh break out, they’ll be in line for bigger deals next summer.
Of course, it’s more likely New York’s first-, not second-, draft players dictate the team’s future. For the first time in eight seasons, the Knicks will have three players simultaneously on rookie-scale contracts – Porzingis, Frank Ntilikina and Knox. That most-modest benchmark is a major accomplishment in New York, where quick fixes have ruled the day.
After waiving Noah, it’s hard to see the Knicks as truly committed to a new, more prudent approach.
Offseason grade: C-