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Knicks will not offer Kristaps Porzingis max contract extension to preserve cap space

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Inking Kristaps Porzingis to a max five-year, $158 million extension to his rookie contract seems like a no-brainer for the Knicks. Porzingis is more than the best player on the Knicks, he is where the fans have placed their faith. Yes, he’s coming off an ACL tear that will keep him out for at least part of this coming season, but he is the Knicks’ cornerstone to their rebuild. The man should get paid.

And he will the Knicks say… just not this summer.

Team president Steve Mills and GM Scott Perry said at a press conference they talked with Porzingis about paying him as a restricted free agent next summer to preserve cap space to land more talent to play alongside him. From Marc Berman of the New York Post.

The Knicks hope to re-sign Porzingis when he is a restricted free agent in 2019. That way, the team could climb over the salary cap. An extension now would take up precious cap room. Doing it next summer would open up $10 million in cap space.

“Our philosophy is that we’re going to stay connected with [the Porzingis camp],” Perry said. “It’s a long-term thing. Obviously, you mentioned the point of the cap space in July. But we just feel like we’re in a real good space with him, as well as he is with us. And we’re going to do the right thing by him and this organization.”

“He’ll never feel like he’s not a cornerstone part of what we’re trying to do here,” Mills said. “He understands that. We make that crystal clear to him and his representation.”

The Knicks are going big game hunting next summer and Kyrie Irving is reportedly at the top of their target list. Jimmy Butler also could be an option (the Knicks are on his short trade list, but the team made it clear they are not giving up assets to get a player they can land in free agency).

What the Knicks are doing with Porzingis has been done before by teams, most notably the Spurs with Kawhi Leonard (and that move is not part of the ill-will between the sides that led to the trade to Toronto). It can work — if the player fully understands this is simply a cap/flexibility move and is not offended by the “snub.” The question is how does Porzingis and his camp feel about it? We will find out down the line.

Either way, the Knicks will be able to keep Porzingis, they can offer the same extension next summer, and can match any offer another team might make to poach the star big man. However, to get to that point Porzingis would have had to sign that offer sheet from another team, a sign of discord between the sides. The Knicks cannot let it get to that. They cannot allow bad blood build up. New coach David Fizdale flew to Latvia this summer to talk to Porzingis and get him on board with the plan. The energy seems good between them, the Knicks can’t let money get in the way of that.

At the press conference, the Knicks’ brass also refused to put a timetable on Porzingis’ return from the ACL surgery last February. He is expected to miss much of the season, not returning until around Christmas at the earliest and maybe closer to the All-Star break in February. Or later. The Knicks are not going to pressure him.

Reports: Jimmy Butler’s trade preference is Clippers, Knicks less interested

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Knicks president Steve Mills said New York wouldn’t trade its draft picks and wouldn’t trade for players it could just sign in free agency. In other words: No more Carmelo Anthony– or Andrea Bargnani-type deals.

Then, Jimmy Butler – who can become an unrestricted free agent next summer – requested a trade from the Timberwolves and put the Knicks on his list of preferred destinations (with the Nets and Clippers).

Will Mills hold firm in his patient plan?

Shams Charania of The Athletic:

Brooklyn and the Clippers appear motivated on Butler, while the Knicks have been firm all summer that the team does not want to part with assets and instead prioritize signing free agents outright, according to sources.

The Knicks should be reluctant to trade for Butler now. Especially with Kristaps Porzingis injured, Butler is unlikely to help New York win meaningfully this season. It’d be much better to sign him next summer and preserve assets.

But there’s no guarantee the Knicks sign him next summer. Whichever team has his Bird Rights and ability to offer him a larger contract will have the upper-hand. There is value in trading for him now.

Perhaps, the Knicks can find a worthwhile Butler trade that includes trading picks. The only way to find out is negotiating with Minnesota.  For New York to eliminate the idea outright because the team made mistakes in similar situations would be misguided.

But Knicks are going to Knick.

At least New York isn’t Butler’s first choice.

Adrian Wojnarowski of ESPN:

Might that other max slot go to Kyrie Irving?

First, L.A. must make the best offer to the Timberwolves and one acceptable to a reportedly reluctant Tom Thibodeau. Then, the Clippers must lure Irving – or any star (Kawhi Leonard?) – from his team.

It’s easy to imagine. It’s far more difficult to turn into reality.

Report: Jimmy Butler less enthused about Lakers after they signed LeBron James

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In 2014, Jimmy Butler said, “I like being a role player. Star has never been next to Jimmy Butler’s name. It never will be. I’ll always be an under-the-radar dawg.”

Then, Butler kept getting better and better. He started to appreciate his stature within the game. He took a leadership role on the Bulls. He embraced celebrity.

Maybe his trade request from the Timberwolves – ideally to the New York Knicks, Brooklyn Nets or L.A. Clippers – is the next step in this evolution.

Adrian Wojnarowski of ESPN:

He is enamored with the idea of playing a central role in a big market, sources said. Butler had once imagined playing for the Los Angeles Lakers, but LeBron James‘ arrival as the franchise’s cornerstone made it less appealing for Butler in the prime of his career, league sources said.

Playing with LeBron isn’t for everyone. Kawhi Leonard reportedly became more reluctant to join the Lakers once they got LeBron. (Interestingly, Leonard is reportedly dissuaded by the hoopla LeBron would attract while Butler apparently believes he wouldn’t get enough of a spotlight).

And of course, Kyrie Irving requested and received a trade from LeBron’s Cavaliers last year. Irving and Butler are friends, and maybe Irving warned Butler about the perils of playing with LeBron.

I’m not sure how this report fits with Butler wanting to play with Irving, though. Irving is more popular than Butler. Perhaps, Irving holding a smaller stature than LeBron is enough for Butler. Maybe playing with Irving would be the exception to Butler’s desire to have his own team in a big market.

Or maybe Butler still winds up in Los Angeles with LeBron. Butler was reportedly open to it, though that’s a pretty low standard.

No matter what, Butler should pursue what he wants. NBA careers are short. Players should make the most of theirs, whatever that means to them.

Butler has so far shown he can balance working hard and playing well with stardom. He has earned the right to seek a larger public profile without major consternation about what it’d mean to his on-court production.

How did Terry Rozier know he was hitting it big? Urkel.

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Scary Terry broke out last year. Terry Rozier had been playing well for the Celtics all season off the bench, but when Kyrie Irving went down and Rozier got thrust into a bigger role he thrived. Rozier averaged 16.5 points and 5.7 assists per game in the playoffs, leading the Celtics all the way to Game 7 of the Conference Finals.

With the extra court time (and screen time), Rozier became a celebrity. How did he know he had gotten big? Urkel, as he explained to GQ.

Man, Urkel. We were out to eat in LA. He was with his bodyguards. He got up to leave and he tapped me. “You had a great year.” Everybody knows who Steve Urkel is. That was nuts. It’s been crazy all summer. People can take it two ways. They can either be satisfied or it can be a thing where, “I want this to happen forever.” It’s definitely humbling and it’s a blessing. I want this to always be like this.

Rozier talks about a lot of interesting things in the article, from the wisdom of Brad Stevens to picking his father up from jail, and of course the new contract with PUMA. It’s worth the read.

And with the Rozier heading into a contract year, his future and how much other teams may pay to poach him will be a big topic all season.

J.R. Smith responds to chances of Knicks signing Kyrie Irving: ‘High’

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Kyrie Irving is reportedly the Knicks’ top target in 2019 free agency.

Will he leave the Celtics for New York? His former Cavaliers teammate, J.R. Smith, appears to think so.

Rob Perez of The Action Network:

Irving reportedly told Cleveland teammates of his desire to join the Knicks. But that was while he was on a team he clearly wanted off. Now that he’s in Boston, his plans definitely could have changed.

So, maybe Smith is just going off old information. But maybe he knows more.

Another theory: Smith wasn’t actually addressing the possibility of Irving signing with the Knicks, but rather his own personal status.