Mike Woodson has one guaranteed year remaining on the three-year deal he signed prior to the 2012-13 season.

Woodson's guaranteed portion of the contract coincides with Carmelo Anthony's opt-out clause next summer.

Woodson has compiled an overall record of 72-34 with the Knicks — good for the franchise’s highest coaching winning percentage (.679).

The 2013 Vegas Summer League will be comprised of 22 teams and run from July 12 to July 22.

Atlanta Hawks (2010-12)
Charlotte Bobcats (2008, 2012)
Chicago Bulls (2005, 2009-12)
Cleveland Cavaliers (2004-12)
Dallas Mavericks (2005-12)
Denver Nuggets (2004-12)
Golden State Warriors (2005-12)
L.A. Clippers (2005-12)
L.A. Lakers (2007-12)
Memphis Grizzlies (2007-12)
Miami Heat (2010-12)
Milwaukee Bucks (2007-12)
Minnesota Timberwolves (2006-12)
NBA D-League Select (2009-12)
New Orleans Pelicans (2005-12)
New York Knicks (2005-12)
Phoenix Suns (2004-12)
Portland Trail Blazers (2005-12)
Sacramento Kings (2005-12)
San Antonio Spurs (2007-12)
Toronto Raptors (2008-12)
Washington Wizards (2004-12)

Amar'e Stoudemire will resume working out with Hakeem Olajuwon for the second summer in a row, according to his training adviser Travis King.

King said the workouts will take place in August at Olajuwon's ranch outside Houston.

Olajuwon reportedly charges $50,000 a week for private instruction.

Pablo Prigioni has no plans to return to the Spanish League.

“If I can choose, I prefer to play in the United States and stay in the NBA,’’ Prigioni said.

Prigioni will hit restricted free agency on July 1.

Prigioni is expected to seek a one-year deal worth about $2 million.

Carmelo Anthony has a partially torn labrum in his left shoulder.

Anthony may need surgery to repair the injury, which he played 12 playoff games with.

The New York Knicks are hopeful that Anthony can avoid surgery with rest over the next three to four weeks.

Anthony originally injured his shoulder on April 14th and re-injured it in Game 5 of the first round against the Boston Celtics.

Anthony would likely need three to four months of recovery if he undergoes surgery.

Iman Shumpert will play in the Vegas Summer League this offseason for the first time.

Shumpert missed last season due to rehab for his torn ACL, while the lockout cancelled the Summer League during his rookie season.

“They want to see me be more decisive offensively, which I already knew, but that would be big for me to work on this summer…and come in for training camp ready to do that,” Shumpert said.

Carmelo Anthony would like the New York Knicks to re-sign J.R. Smith this offseason.

“Without a doubt,” Anthony said Monday when asked about Smith. “J.R. is a special player. To me, and to everybody on this team, he’s made a huge step forward as a basketball player. We look forward to that, for him to come out and be focused, the way he was focused this season, win the Sixth Man of the Year, help us to win another division title, helping us to win 50-plus games. He was a big help to this team and I definitely would love him back here.”

The Knicks could be trumped by a rival team with more cap space since they can only offer the early Bird exception beginning at $4.9 million per season.

Carmelo Anthony will have his injured left shoulder re-examined in order to determine how to treat it moving forward.

The New York Knicks are hopeful that Anthony will not need surgery and that it will improve with rest.

Anthony originally injured his shoulder during an April 14th win over the Indiana Pacers. Anthony reported that his left arm "popped in and out" when Kevin Garnett yanked his arm in Game 5 against the Boston Celtics.

Anthony had fluid drained from his right knee two months ago but according to the team official Anthony's knee has improved and won't need arthroscopic surgery. 

Amar'e Stoudemire knows his contract will not allow him to leave the New York Knicks, and he plans to meet with Mike Woodson to explain how he, Carmelo Anthony and Tyson Chandler can coexist.

“We never gave it a chance,” Stoudemire said after Indiana’s 106-99 victory eliminated the Knicks from the postseason. “So I think just the opportunity of allowing them to understand exactly what my style of play is and what I bring to the table is something that I think I’m going to have to sit down with Coach Woody and express to him."

Stoudemire has two years remaining on his uninsured contract and is nearly impossible to trade. He played just six minutes on Saturday.

“It’s tough, it’s tough,” Stoudemire said. “It’s never easy to sit there and watch. But again, it’s Coach’s decision."

The New York Knicks lost to the Indiana Pacers in six games of the Eastern Conference semifinals, and Carmelo Anthony acknowledged the team failed in accomplishing its goal.

“It’s tough. We all know what the goal was,” Anthony said after the Pacers captured Game 6. “Everybody wanted to go to the championship. That’s the ultimate goal. Unfortunately, our run has to stop here."

The Knicks had the second seed going against the third-seeded Pacers.

“I really don’t know (what happened)," Anthony said. “I have to sit back and think about it."