Jul 19, 2014 2:01 PM EDT
Andrew Bynum is considering sitting out the entire 14-15 NBA season in order to undergo the Regenokine knee therapy procedure.
The non-surgical procedure uses injections to help grow new cartilage, and requires an extra-long rehab.
If Bynum successfully completes the program, he could return in 2015-16, according to his agent David Lee, who said the Knicks potentially would be interested in Bynum.
"If he's healthy, Phil (Jackson) will be interested," Lee told the Post, referring to the Knicks team president who coached Bynum while with the Lakers. "Phil knew how to tap into Andrew. They got along famously."
Jul 17, 2014 10:11 AM EDT
In an update to Phil Jackson's autobiography, he outlines how talks to return to the Los Angeles Lakers in November of 2012 unraveled.
Jackson was intrigued by the possibility of going after one more ring with Kobe Bryant and Pau Gasol now that the Lakers had also acquired Dwight Howard and Steve Nash.
"I was thinking of the job as a one-season gig, but Jimmy (Buss) and Mitch (Kupchak) were looking for a coach who could help them rebuild the team over the long haul," writes Jackson. "They were also eager to turn the Lakers back into the sort of fast-paced, high-scoring team they were in the Magic Johnson “Showtime” era — and (Mike) D’Antoni was certainly a coach who could make that happen.
"The overriding issue, however, was the state of owner Jerry Buss’s health. He’d been in and out of the hospital during the previous several months battling prostate cancer and other ailments. But things had taken a turn for the worse recently, and his family hoped that a turn in the Lakers’ fortunes might bring some joy into his life and, with luck, help speed his recovery.
"Several weeks later, the story came out that Dr. Buss, not Jimmy, had made the decision to go with D’Antoni. This seemed unlikely to me given the state of Jerry’s health — not to mention, Jimmy’s long history of impetuous decision-making — but it was impossible to verify that story one way or the other. In the end, it didn’t matter that much anyway. I was ready to move on."
Jul 16, 2014 3:32 PM EDT
Carmelo Anthony's contract with the New York Knicks is worth $124,064,681 over five seasons. Anthony also has a no-trade clause and a 15-percent trade kicker.
Anthony will earn the following amounts, according to Marc Stein:
Year 1: $22,458,401
Year 2: $22,875,000
Year 3: $24,559,380
Year 4: $26,243,760
Year 5: $27,928,140.
Jul 15, 2014 8:06 PM EDT
Free agent center Jason Smith has signed a one-year contract with the New York Knicks worth the taxpayer midlevel exception of $3.3 million, league sources told RealGM.
Smith averaged 9.7 points and 5.8 rebounds last season for the New Orleans Pelicans, and the 7-footer gives the Knicks an active, rugged big man to fortify a frontcourt that lost Tyson Chandler.
Smith, a six-year NBA veteran, had received interest from several teams in free agency.
Smith has career averages of six points and nearly four rebounds per game. He spent his first two seasons with the Philadelphia 76ers.
Jul 15, 2014 10:00 AM EDT
While Phil Jackson attempted to trade Andrea Bargnani this offseason, he believes he can have value on the floor this season for the New York Knicks.
"He's overlooked. We think he's going to really do well in the system we have," Jackson said of Bargnani. "We have a couple of guards he likes to play with, Jose (Calderon) and Pablo (Prigioni), and I think he's going to be a surprise and a pleasant one for our fans."
The Knicks traded for Bargnani from the Toronto Raptors last offseason.
Jul 14, 2014 11:16 AM EDT
Carmelo Anthony left between $6 million and $7 million on the table, agreeing upon a five-year deal with the New York Knicks worth between $122 million and $123 million.
Anthony structured the deal to give the Knicks more cap space in 2015. It is believed he didn’t take his annual 7.5 percent raise in Year 2 and may have taken a tiny pay decrease. Under collective bargaining agreement rules, a player can receive as high as a 7.5 percent pay raise annually.
“He did exactly what we kind of asked him to do,’’ Jackson said. “Give us a break in the early part of the contract when we have some wiggle room — hopefully big enough wiggle room — next year when we can exploit it.’’
Anthony will create about $2 million in additional cap space in 2015.
Jul 13, 2014 8:46 PM EDT
Chris Andersen has agreed to re-sign with the Miami Heat on a multiyear deal.
The New York Knicks made a late push to sign Andersen, but he decided to remain with the club that helped him salvage his career.
Andersen played in nearly 20 minutes per game last season for the Heat.
Jul 13, 2014 1:50 PM EDT
Carmelo Anthony has announced his decision to re-sign with the New York Knicks on a five-year deal worth over $120 million.
"I am a New York Knick at heart," Anthony wrote on his website. "I am looking forward to continue my career in Orange & Blue and to work with Phil Jackson, a champion who builds championship teams. Madison Square Garden is the mecca of basketball and I am surrounded by the greatest fans in the world."
Jackson implied on Sunday that Anthony's contract will give the Knicks flexibility in 2015 by taking less than max money.
“He did exactly what we kind of asked him to do,” Jackson explained. “Give us a break in the early part of his contract so that when we have some wiggle room next year, which is hopefully big enough wiggle room, we can exploit it.”
Chris Broussard reported on Saturday that the deal would be worth above $122 million over five seasons.
Jul 12, 2014 1:01 PM EDT
Carmelo Anthony has agreed to re-sign with the New York Knicks on a five-year $120 million-plus contract.
Anthony might take less than the maximum $129 million deal the Knicks can offer.
Sources say there is belief within Anthony's camp that it is better to take the Knicks' offer and he could attempt to be traded if things don't work out.
Anthony also considered signing with the Chicago Bulls, Los Angeles Lakers, Houston Rockets and Dallas Mavericks. Anthony was reportedly most heavily swayed by the idea of joining the Bulls.
Anthony was traded to the Knicks in February of 2011 by the Denver Nuggets.
Anthony reportedly believes in Phil Jackson's ability to remake the Knicks into a title contender.
Stephen A. Smith reports that Anthony's camp has informed the Bulls and Rockets that he won't sign with either club. Anthony is working on details of his contract with the Knicks.
Jul 11, 2014 9:59 PM EDT
The Chicago Bulls and San Antonio Spurs are the leading contenders to sign Pau Gasol.
Gasol is giving strong consideration to signing with the Spurs despite their limited cap situation in case the Bulls can't agree upon a sign-and-trade deal involving Carlos Boozer.
The Los Angeles Lakers are reluctant to take on the contract of Boozer unless they receive an asset back from the Bulls.
The Oklahoma City Thunder have a $6.5 million trade exception that expires Friday night at 11:59 p.m., that they hoped to use in their own sign-and-trade with the Lakers.
The New York Knicks appear to be out of contention as well.
New York Knicks Archives
Lamar Odom was signed by the Knicks at the end of last season.
Carmelo Anthony is still deciding between the Knicks, Bulls and Lakers.
The Bulls are internally trying to figure out how to close a deal with Carmelo Anthony.
Carmelo Anthony is expected to announce his decision to re-sign with the Knicks on Thursday, barring a last minute change of heart.
Carmelo Anthony appears to be waiting for LeBron James to see whether there would be any option to join him.
The Bulls and Thunder have emerged as the favorites to sign Pau Gasol.
Phil Jackson is trying to clear this year's payroll and has looked for avenues to trade Amar'e Stoudemire.
Kurt Rambis will be reunited with both Derek Fisher and Phil Jackson.
The Lakers made a "major" impact in their meeting with Carmelo Anthony on Thursday.
Derrick Rose was not officially part of the Bulls' recruitment for Derrick Rose.
Carmelo Anthony needed to hear enthusiasm about his future from Phil Jackson, as well as the Knicks' max contract offer of $129 million over five seasons.
The Knicks can pay Pau Gasol only the taxpayer's exception starting at $3.28 million annually.
Carmelo Anthony will meet with the Bulls, Rockets, Mavericks, Lakers and Knicks.
The Lakers are projected to make $100.1 million in profit for the 13-14 NBA season, comfortably the best in the NBA.
Jun 30, 2014 | Marc Stein/ESPN
Toure Murry will become an unrestricted free agent.
Derrick Rose said recruiting free agents is "not his job."
Jun 29, 2014 | Marc Stein/ESPN
Carmelo Anthony is expected to sit down with the Bulls, Rockets, Mavericks and Lakers this week.
Jun 28, 2014 | Marc Stein/ESPN
The Knicks are envisioning a Carmelo Anthony-Pau Gasol frontcourt combo.
Carmelo Anthony plans on making his decision in the second week of July after taking several visits in free agency.
Older Wiretap Articles »
Jun 27, 2014 | Ian Begley/ESPN
Phil Jackson and the Knicks are not demanding Carmelo Anthony take less money to re-sign, but they are challenging him to do so.
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