The New York Knicks picked up Quentin Grimes' fourth-year team option on Monday.

Grimes, who will be under contract through the 2024-25 season, has started all three games this season.

Grimes averaged 11.3 points and 3.2 rebounds last year. 

Now that Scott Perry has moved over to the media, he explained the decision by the New York Knicks to not embark on an all-out pursuit of Donovan Mitchell during the 2022 offseason. Mitchell was widely expected to eventually be traded by the Utah Jazz to the Knicks, but they instead moved him to the Cleveland Cavaliers.

“Obviously we made a push to trade for him,” Perry said on a recent episode of "The Hoop Genius" podcast.

“But it was going to be done within reason. He was a good player but he needed more around him to win. Because if he was that singular force, Utah probably would’ve been in the conference finals if he were that singular force. But he wasn’t that singular force. That’s not a criticism against him. That’s just an evaluation that you must make.” 

While the Cavaliers were able to trade for Mitchell without parting with any of their core three players of Darius Garland, Evan Mobley or Jarrett Allen, the Knicks likely would have had to trade RJ Barrett and one or more other young players. The Cavaliers did include Lauri Markkanen, who emerged as an All-Star with the Jazz.

“(Mitchell’s) an excellent basketball player. Multi-year All-Star. Tremendous young man. New York kid,” Perry said. “But you got to ask yourself, if the other team you’re tracking with is wanting to take two-thirds or three-quarters of all your young talent, and all of your draft capital, is what’s left behind going to good enough for you to win rather than hold on to what you have and be a little patient?”

Immanuel Quickley was reportedly looking for a contract extension of around $25 million a season, according to SNY.

The Knicks failed to come to terms with Quickley, with the guard set to become a restricted free agent this summer.

Quickley will make $4.1 million this year. The Knicks will be able to offer a $6.1 million qualifying offer this upcoming offseason.

Quickley averaged 14.9 points and 4.2 rebounds per game last season. 

The New York Knicks have made acquiring Joel Embiid their number one priority, should he become available on the trade market. New York is willing to let Philadelphia choose from a package of players and draft picks to make a deal work.

The Knicks are reportedly putting Julius Randle, RJ Barrett, Mitchell Robinson, Evan Fournier and two to three first-round picks on the table for Embiid. The idea would be to let the Sixers choose three players from that grouping, as well as the draft picks.

To this point, there are no indications the 76ers are considering trading the reigning MVP. Philadelphia remains committed to building the roster around Embiid, even as they work through trade talks involving James Harden.

The New York Knicks are signing Duane Washington Jr. to a two-way deal, sources told Ian Begley of SNY.

The team made several moves over the weekend, including converting Dylan Windler to a standard contract and converting Charlie Brown Jr and Jacob Toppin to two-way deals.

With 15 standard contracts and three two-way deals, the Knicks now have a full roster. 

The New York Knicks have converted Dylan Windler to a standard contract. Windler had signed a two-way deal with New York early this offseason.

Windler is a former first-round pick of the Cleveland Cavaliers. The 6-foot-6 wing was drafted with the 26th pick at the 2019 NBA Draft. Windler missed his first NBA season, and has played in only 84 games over four seasons due to various leg injuries.

If Windler can get healthy, he has the potential to be one of the better shooters in the league. He shot at least 40% in limited G League action over the past two seasons.

The New York Knicks have converted Charlie Brown Jr. and Jacob Topping to two-way contracts. Both players were signed to Exhibit 10 contracts earlier this offseason.

Brown has spent three seasons in the NBA. He's previously played for the Atlanta Hawks, Oklahoma City Thunder, Dallas Mavericks and Philadelphia 76ers. Toppin went undrafted out of Kentucky at the 2023 NBA Draft.

New York also waived Mamadi Diakite, Brandon Goodwin, Isaiah Roby (who was waived, and re-signed to an Exhibit 10 contract on Saturday) and Duane Washington Jr. All four players are expected to play for the Westchester Knicks of the G League this season.

The New York Knicks waived Nathan Knight from his two-way contract. New York also signed Mamadi Diakite and Brandon Goodwin to non-guaranteed camp deals.

New York now has two open two-way roster spots. The Knicks also waived Jaylen Martin from his two-way deal earlier in the week.

The New York Knicks are waiving Isaiah Roby and Jaylen Martin.

Martin was on a Two-Way contract with the Knicks and had averaged eight points in 13.6 minutes in the preseason. 

Mitchell Robinson's name came up in trade discussions between the New York Knicks and the Portland Trail Blazers, sources told Ian Begley of SNY.

Holiday would eventually get traded to the Celtics.

It was reported earlier this offseason that the Knicks are looking for multiple first-round picks in exchange for Robinson.

The Knicks are also reportedly monitoring Karl-Anthony Towns' situation with the Wolves.