No contract extension for Kristaps Porzingis, is that a problem? Depends…

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Most teams, when they get a franchise cornerstone player, lock him up with a max contract extension as soon as humanly possible. Minnesota did that this summer with a big offer to Karl-Anthony Towns (which he eventually signed). Before that Philadelphia did it with Joel Embiid, New Orleans with Anthony Davis, and on down the list.

Kristaps Porzingis is that kind of player for the Knicks.

But there was no contract extension for KP this offseason. This has nothing to do with the torn ACL that will have him out most if not all of this season (which tips off tonight for the Knicks at home against the Hawks).

The reason is cap space — not giving Porzingis an extension now frees up $10 million extra to go big game hunting in free agency next summer. After that, the Knicks can sign him after to that max contract. It’s what the Spurs did with Kawhi Leonard (and the problems between those two sides that led to Leonard being a Raptor were not about that contract).

It all works if the player understands this is not a “snub” but rather a strategic salary cap move designed to put a better team around him. The player has to be good with the move or it can create bad blood.

Does Porzingis and his camp know and understand all this? Knicks GM Scott Perry hinted yes, but was a little vague, via Ian Bagley of ESPN.

Is this a good move by the Knicks? Depends. The extra money is helpful next summer. Perry and team president Steve Mills are smart men who have made good decisions (mostly) so far, and it sounds like they have been clear to Porzingis and his people about what they are doing and why. That’s important.

The question is, did Porzingis fully buy into it? That we do not yet know. We won’t know until we see what Porzingis does next summer (his actions will speak louder than any words when he returns).

In theory it doesn’t matter, the Knicks control Porzinis’ rights as a restricted free agent next summer and they would match any offer. He’s not leaving NYC. However, in practice what the Knicks don’t want to do is create bad blood, something that festers and becomes an issue when this contract is up (Porzingis could sign an offer sheet with another team that is shorter than the max the Knicks want to throw at him).

I expect we will see Porzingis back with the Knicks this season, but not until the last 10-20 games of the season. He’s not coming in as a savior to get the team to the postseason, rather just getting his legs under him and shaking off some rust before another long summer of work. It’s the following season that he will be targeting.

We will see if the Knicks can use that extra $10 million in cap room to get another star to be with him that season.