Knicks save $ 40 million with up to six casualties
The New York Knicks began their rebuilding by cutting six players and eliminating $ 40 million in contracts that affected their salary cap. The Knicks’ decision confirms the serious crisis that the NBA is going through after the salaries of many players became prohibitive for the owners of a large part of the franchises after the pandemic.
Knicks Roster Moves pic.twitter.com/ml0yexhIL0
– NY_KnicksPR (@NY_KnicksPR) November 19, 2020
The Knicks announced they have resigned power forward Taj Gibson, to the base Elfrid Payton and the escort Wayne Ellington and rejected the $ 15.75 million team option on the power forward contract Bobby Portis.
Gibson was set to earn $ 9.45 million in 2020-21, while Payton and Ellington were to receive $ 8 million each. The three will each earn a million dollars in guaranteed money in their deals with the Knicks despite being excluded from the team.
The Knicks also turned down a $ 1.7 million option on guard Theo Pinson and second-year forward Kenny Wooten, who had a two-way contract. In addition, they acquired power forward Ed Davis and two second-round picks from 2023.
Last season, Davis, 31, averaged 1.8 points and 3.8 rebounds in the 28 games he played as a reserve with the Jazz. With the agreement, Utah also saves $ 5 million in the salary cap for 2020-2021.
Warriors want Kelly Oubre to fill in for Klay Thompson
The loss of Klay Thompson has forced the Warriors to work immediately in the search for a replacement and the chosen one has been the young forward Kelly Oubre Jr., of the Oklahoma City Thunder. Both teams are already working on getting Oubre Jr., 24, who earlier this week came to the Thunder by being included in Chris Paul’s trade to the Phoenix Suns.
According to various newspaper reports, the Warriors would take on Oubre Jr.’s $ 14.4 million contract for next season, in the exception they have for an injury of 17.2 million dollars. Steve Kerr gave the green light to the acquisition of Oubre Jr who last season averaged 18.7 points and 6.4 rebounds with the Suns.
Gordon Hayward quits 34.2 million dollars
Forward Gordon Hayward turned down a $ 34.2 million last-year contract option he had with the Boston Celtics to enter the free-agent market without restrictions starting Friday. Hayward, who averaged 17.5 points; 6.7 rebounds and 4.1 assists In 52 games last season, he was slow to make the decision not to stay with the Celtics next season, despite having one more year on his contract.
Hayward has three options for your future, how is that of re-sign a long-term contract with the Celtics, go to the New York Knicks or the Atlanta Hawks, who have the bigger cap space, or accept a signing deal with Boston and then get traded. The third option would be the one would allow the Celtics to receive some compensation if in the end Hayward stays out of the team.
Hayward has had a tumultuous three years in Boston. The Celtics’ starting forward suffered a serious foot and ankle injury within six minutes of his first game with the Boston team in October 2017 when they faced the Cleveland Cavaliers. The injury cost him to miss the rest of the season, while in the following one he did not play as expected. Finally in the past he returned to show his best level.
In addition to the news about Hayward, the Celtics received confirmation that Turkish center Enes Kanter will remain with the team next season for $ 5 million. While the team exercised its option of 1.75 million dollars from the last year of contract of forward Semi Ojeleye.
Sixers trade Al Horford and Josh Richardson
The arrival of Daryl Morey to the Sixers as the new president of operations was immediately felt with the transfers of Dominican center Al Horford and forward Josh Richardson.
Horford, 34, was sent to the Oklahoma City Thunder for guard Danny Green, who had just been traded to the Thunder by the Los Angeles Lakers, in exchange for German point guard Dennis Schroder. Green and 22-year-old Terrance Ferguson will be of great help to the Sixers’ defense, one of their weaknesses last season.
Later, he also closed the arrival of the base Seth Curry, of the Dallas Mavericks, in exchange for forward Josh Richardson, with the aim of enhancing the effectiveness of the shots from outside the perimeter, where the stars, the Australian point guard Ben Simmons and Cameroonian center Joel Embiid, they are not specialists. Curry, 30, averaged 12.4 points per game for the Mavericks last season.