We’re about 25 hours deep into the frenzy that is NBA Free Agency, and it’s already spewed out more reports and rumors than any fan can handle, so let’s get right into it.
The Knicks’ first priority is clearly Steve Nash. A farfetched pipe dream, it seemed merely a day or so ago, has turned into a very real and interesting option for New York. For months, the national and local media had everyone believing that all the Knicks could offer Nash would be their $3 million Mid-Level Exception, and their July 1st conversation would go something like this:
GM Glen Grunwald: “So Steve, we’d really love for you to join our squad and be the missing piece so we can compete for a championship.”
Nash: “Me too.”
GG: “Our offer to you is $3 million per year for three years.”
Nash: “OK, bye.”
But early Sunday, reports emerged from all walks of the internet that Phoenix has interest in Knicks guard Landry Fields, which opened the door for a sign-and-trade.
In such a deal, the Knicks could swap Fields (who’d sign for his $2.7 million Qualifying Offer the Knicks extended to him on Wednesday), Toney Douglas, cash considerations, and the non-guaranteed contracts that belong to Jerome Jordan and Dan Gadzuric. The $3 million in cash sent by New York would basically cover the cost of Douglas’ contract, so consider Phoenix getting him for free. The Suns could then waive Jordan and Gadzuric at no cost to them, opening two roster spots. I haven’t heard any speculation of this, nor have any confirmation that this is allowed under the new CBA, but including the draft rights to recent draft pick Kostas Papanikolaou could help entice Phoenix as well.
The combined salary of the package Grunwald would send out to the desert would be $6.82 million. As per new CBA rules, teams are allowed to receive back the same value they send out, plus 150% + $100,000. So $6.82 x 1.5 + 100,000 = 10.3, meaning the Knicks would be able to receive back a $10.3 million player.
This ~$10.3/year contract that the Knicks can potentially offer to the Suns would compete with the reported 3 year/ $36 million offer that the Toronto Raptors sent Nash’s way on day one of Free Agency. Consider the basketball situations of both teams, the fact that Nash has made his summer home in NYC for the past decade or so, and (if you wanna get ticky-tack) the greater income tax in Toronto than in New York, even the most Canadian bone in Nash’s body would be halfway through the Garden entrance.
It’s simply a matter of whether or not Suns GM Lance Blanks would pull the trigger.
This is essentially the only method of losing Nash that hauls a return for Phoenix, rather than just losing him outright. A package structured around Landry Fields may not be the sexiest group of names to show off to your fans, but one would suspect that getting some sort of return would be better in Blanks’ eyes than letting Nash walk for free. Also, it would be in good faith for the Suns to do their best to place Nash in the most realistic option possible to get him his hardware.
Fields isn’t exactly coming off a historic season, but keep in mind the better of his two seasons was played under an up-tempo system, similar to the one the Suns run. Fields made All-Rookie first team that season.
For the Knicks, adding Nash would be pretty horrible news for the rest of the Atlantic division. Pairing Nash with Amar’e Stoudemire to rekindle some of that old fire they started out West could be just what Amar’e needs at this point in his career. Don’t forget about the newly motivated All-Star small forward who just witnessed his career-long rival win his first championship, either. Nash coming to New York would also provide him with a second job: a mentor to developing star Jeremy Lin– not a bad guy for Lin to mold his game after.. Also, Nash starting at point guard would push Lin to the second team– a team possibly consisting of Lin, JR Smith, Steve Novak, and Jared Jeffries. Mobb Deep II.
Update: There have been reports in the last hour that have pointed out that the Knicks may not necessarily match a back-loaded offer made to Lin by teams such as Toronto, Dallas, or the Nets. I fully expect Lin back on the Garden floor to begin next year and these reports are nothing more than speculation at this point. Especially after the “Bird Rights” hearing that clogged our Twitter feeds for the past month, the Knicks are confident they will be able to resign Jeremy Lin, Steve Nash or no Steve Nash.
The Steve Nash situation will be the first domino to fall this offseason. We can expect a decision in the coming days.
It’s also important to note that if the Knicks obtain Nash via sign-and-trade, they’d still have their $3 million MLE in their pocket to spend on important role players.
The Knicks also checked up on an old friend, Ray Felton, on Sunday. If Nash spurs New York for Toronto, Phoenix, Dallas, or Brooklyn, Felton would be another option to back up Jeremy Lin at the 1. Felton failed to impress in a non-D’Antoni offense last season in Portland, but his return could spark the pick-and-roll combo that helped throne Amar’e Stoudemire king of New York.
Jason Kidd is also expected to receive a call from Grunwald and his team some time this week.
Outside of the point guard position, the Knicks need a legitimate shooting guard. JR Smith is no lock to return, and even with a new contract in New York, Smith is best designed for a limited-minutes role (see Round 1, 2012 NBA Playoffs). Ray Allen is currently coveted by a few teams, receiving formal offers from Memphis (full $5 million MLE) and Miami (full $3 million MLE). Boston’s interest in re-signing Allen is unclear this early in the game.
The Nuggets declined to extend Rudy Fernandez his Qualifying Offer, making him an unrestricted free agent. Fernandez would be a great asset off the bench, or possibly even starting until Iman Shumpert returns from injury. Fernandez would help the Knicks on the offensive end, where they especially struggled last season.
An area in which they excelled in 2011-12, however, was defense. The Knicks are on a list of teams Marcus Camby is considering, which would only help bolster their strong front line.
Phew. Am I missing anything? Probably. New reports have probably emerged in the time I took to write this up. Oh well, any major developments will be provided either in an update below or in a new post entirely.
Happy Free Agency! And may the Collective Bargaining Agreement be ever in your favor.