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New York Knicks news gathered from around the net.

Knicks Guarantee Contract Of Quincy Acy For 14-15

The New York Knicks guaranteed Quincy Acy's salary for the 2014-15 season on Friday.

Acy will earn $912,000 next season.

Acy was traded by the Sacramento Kings to the Knicks on Aug. 6.

Via Sam Amick/USA Today

Carmelo Anthony To Receive $62M Annual Salary Advance Over Five-Year Deal

Carmelo Anthony will receive large portions of his $124 million contract in advance payments, according to sources.

Anthony is scheduled to receive half of his $22.5 million salary this season early. His contract is set up the same way for future years too, meaning that he'll eventually garner a little over $62 million through advance payments.

Anthony will not receive half of the $124 million deal this year but will get $62 million annually over the five years.

J.R. Smith has also received advanced payments on the new deal he signed with the New York Knicks last offseason.

Via Chris Herring/Wall Street Journal

Carmelo Anthony Appearing To Lose Weight

Carmelo Anthony posted a picture on his Instagram that showed an apparent weight loss.

Last week, LeBron James posted a photo that appeared to display a slimmer player.

Anthony posted a photo on Monday to his Instagram account with the caption "great training session today."

Anthony signed a max contract in July to return to the New York Knicks.

Via Cork Gaines/Business Insider

Mark Warkentien Signs New Deal To Remain In Knicks' Front Office

Mark Warkentien has signed a new deal with the New York Knicks after nearly taking a similar position with the Memphis Grizzlies.

Warkentien is director of player personnel for the Knicks.

Warkentien, like Steve Mills, is a favorite of Garden Chairman James Dolan. Warkentein is also represented by CAA, the same agency that represents Carmelo Anthony, J.R. Smith and assistant GM Allan Houston.

Via Frank Isola/New York Daily News

Knicks Acquire Acy, Outlaw From Kings For Ellington, Tyler, 2nd Round Pick

The New York Knicks have acquired Quincy Acy and Travis Outlaw from the Sacramento Kings for Wayne Ellington, Jeremy Tyler and a 2016 second round pick, according to two sources.

The pick rights were a removal of the 31-37 protection.

The Kings are expected to release Tyler and use the stretch provision on Ellington.

Via Sam Amick/USA Today

Knicks Trying To Clear Roster Spot By Trading Ellington, Prigioni

The New York Knicks are attempting to trade Wayne Ellington and Pablo Prigioni to create a roster spot. 

The Knicks have been unsuccessful in trading Ellington on his own, so they've moved on in their efforts by attaching Prigioni.

Prigioni is well-liked by the Knicks, but need to attach a more valued asset.

Via Marc Stein/ESPN

Ujiri: Luckily For Raptors Kyle Lowry To Knicks Trade Didn't Happen

The Toronto Raptors somewhat famously nearly traded Kyle Lowry to the New York Knicks last December.

The Knicks were prepared to trade Iman Shumpert and Tim Hardaway Jr. in a package for Lowry, but James Dolan vetoed the deal when Masai Ujiri demanded a first round pick.

"Dolan hired those business consultants [McKinsey & Company] last summer," said the source with knowledge of the Raptors' plans. "They had sold him on this whole thing about, 'You've been exploited by giving away first-round picks.' Could the deal have gotten done? Absolutely."

The Raptors were at a crossroads in early December after trading Rudy Gay and keeping Lowry long-term seemed unlikely.

"They were not going to re-sign Kyle," the source said.

The Raptors were 7-11 through Dec. 8 and then went on to post a 9-3 record from Dec. 10 to Jan. 3.

"We were looking at where our team was, and he's a player that affects a team in many ways," Ujiri said. "With a little bit of luck, we started winning, and that kind of helped our decision-making at the time. Luckily for us, [the trade] did not happen and we moved on."

Lowry received strong interest in free agency from the Houston Rockets, Miami Heat and Los Angeles Lakers, but ultimately decided to remain with Toronto.

"[Lowry] analyzed [free agency] very analytically and introspectively, rather than, 'Oh, I can get the money,'" the source said.

On the evening of July 2, Lowry agreed to a new four-year, $48 million contract extension. 

"[The Raptors] weren't always the favorite, but Masai wanted to get the deal done, and it made it a lot easier," Lowry said in Las Vegas recently after a workout. "[Miller and I] approached it as a business and so did [the Raptors]. At the end of the day, I didn't wait for [the other teams]. I wanted to make my decision for myself."

Via Jared Zwerling/Bleacher Report

Report: Knicks Offered Amar'e Stoudemire, Iman Shumpert, Tim Hardaway Jr. To Wolves For Kevin Love

The New York Knicks recently offered the Minnesota Timberwolves a package of Amar'e Stoudemire, Tim Hardaway Jr. and Iman Shumpert for Kevin Love, according to a source.

The Timberwolves reportedly declined the offer.

Hardaway has good value around the NBA, but Shumpert could be in line for a raise once his rookie contract ends and Stoudemire has one season left on his big contract.

The Knicks could offer Love a maximum contract if he becomes a free agent next offseason.

Via Chris Herring/Wall Street Journal

Carmelo Struggled To Choose Between Knicks, Bulls

Carmelo Anthony ultimately decided between the New York Knicks and Chicago Bulls. Anthony added that he believes the Knicks aren't too far away from becoming a contender.

"I want to win. I don't care about the money," Anthony told ESPN.com. "I believe Phil (Jackson) will do what he has to do to take care of that."

"I don't think we're that far away," he added. "People use 'rebuilding' too loosely."

Anthony signed a five-year, $124 million deal to remain with the Knicks.

"It was overwhelming," Anthony said. "It was stressful in the final days, one of the hardest decisions I've ever had to make."

Anthony said, though, it ultimately came down to New York and Chicago.

"I was flip-flopping," he admitted. "It was hard. It was Chicago, but then after I met with L.A., it was L.A. But it came back to Chicago -- and was pretty much always Chicago or New York. That's a situation where I could have walked in now to an opportunity to compete for the next however many years."

Via Jeff Goodman/ESPN

Shannon Brown Released By Knicks

Shannon Brown was released by the New York Knicks on Wednesday.

Brown signed with the Knicks late last season and played with the team in Summer League.

Via RealGM Staff Report

Andrew Bynum May Sit Out 14-15 Season, Knicks Interested In Him If Healthy

Andrew Bynum is considering sitting out the entire 14-15 NBA season in order to undergo the Regenokine knee therapy procedure.

Jackson: Lakers Were Looking For Long-Term Coach In Hiring D'Antoni

In an update to Phil Jackson's autobiography, he outlines how talks to return to the Lakers in November of 2012 unraveled.

Carmelo Has No-Trade Clause In $124M Deal With Knicks

Carmelo Anthony's contract with the Knicks is worth $124,064,681 over five seasons. Anthony also has a no-trade clause and a 15-percent trade kicker.

Jason Smith Signing With Knicks On One-Year, $3.3M Deal

Jason Smith has signed a one-year contract with the Knicks worth the taxpayer midlevel exception of $3.3 million, league sources told RealGM.

Jackson Believes Bargnani Will Bring Value In Knicks' New System

While Phil Jackson attempted to trade Andrea Bargnani this offseason, he believes he can have value on the floor this season for the Knicks.

Carmelo Took $6M Less In Salary, Re-Signs With Knicks For $123M

Carmelo Anthony will create about $2 million in additional cap space in 2015.

Chris Andersen Agrees To Re-Sign With Heat After Late Push From Knicks

Chris Andersen has agreed to re-sign with the Heat on a multiyear deal.

Carmelo Anthony Announces Decision To Re-Sign With Knicks

Carmelo Anthony has announced his decision to re-sign with the Knicks on a five-year deal worth over $120 million.

Carmelo Anthony To Re-Sign With Knicks On Five-Year, $120M-Plus Deal

Carmelo Anthony will inform the Knicks he will re-sign with the club later on Saturday.

Bulls, Spurs Most Likely To Acquire Pau Gasol

The Lakers, Thunder and Knicks are almost certainly out of contention to acquire Pau Gasol.

Lamar Odom Waived By Knicks

Lamar Odom was signed by the Knicks at the end of last season.

Carmelo Anthony Not Expected To Make Decision On Friday

Carmelo Anthony is still deciding between the Knicks, Bulls and Lakers.

Carmelo Reconsidering Bulls As Option

The Bulls are internally trying to figure out how to close a deal with Carmelo Anthony.

Carmelo Anthony Expected To Announce Decision To Re-Sign With Knicks On Thursday

Carmelo Anthony is expected to announce his decision to re-sign with the Knicks on Thursday, barring a last minute change of heart.

Carmelo Waiting On LeBron To Make Decision

Carmelo Anthony appears to be waiting for LeBron James to see whether there would be any option to join him.

Bulls, Thunder Considered Favorites For Pau Gasol

The Bulls and Thunder have emerged as the favorites to sign Pau Gasol.

Knicks Contact 76ers On Amar'e Stoudemire Trade

Phil Jackson is trying to clear this year's payroll and has looked for avenues to trade Amar'e Stoudemire.

Kurt Rambis Named Associate Head Coach Of Knicks

Kurt Rambis will be reunited with both Derek Fisher and Phil Jackson.

Report: Lakers In Three-Team Race For Carmelo With Knicks, Bulls

The Lakers made a "major" impact in their meeting with Carmelo Anthony on Thursday.

Derrick Rose Was Coincidentally At United Center During Carmelo's Visit

Derrick Rose was not officially part of the Bulls' recruitment for Derrick Rose.
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