The New York Knicks can sign small forward Doug McDermott to a rookie-scale extension before Monday, but are unlikely to do so, according to Ian Begley of ESPN.
Instead, the Knicks may have decided on a wait-and-see approach to see if McDermott is a long-term fit.
McDermott and center Enes Kanter were acquired in the trade that sent forward Carmelo Anthony to the Oklahoma City Thunder last month.
Through three preseason games, McDermott is averaging 6.7 points.
Added Begley: “Let’s also assume for the purpose of this exercise that they renounce their rights to McDermott to create cap space. If they did that, but decided against renouncing their rights to Mindaugas Kuzminskas ($4 million cap hold), the Knicks would have less than $3 million in cap space in the summer of 2018.”
Here’s more out of New York:
- In an effort to create room under the salary cap, the Knicks could potentially trade shooting guard Courtney Lee, center Joakim Noah or forward Lance Thomas. “Noah is owed $55 million over the next three seasons; Lee is owed $36.6 in that span; and Thomas is owed $21.3 million,” Begley wrote.
- On top of being injured, prized Knicks big man Kristaps Porzingis is having a rough preseason on the floor, according to a piece in the New York Post. Basically, not a good start for the new face of the franchise in the post-Carmelo era.
- Tim Hardaway Jr. leads the Knicks in preseason scoring at 16.5 points. Kanter is next at 15.7, and also grabbing 5.3 rebounds.