The Knicks, Mavericks and Jason Kidd are working on a sign-and-trade deal.
Kidd agreed to a deal with New York on Thursday, surprisingly choosing a new team over Dallas.
Negotiations are ongoing.
The most the Knicks can offer Kidd is $9.7 million over three years, by using the so-called mini-midlevel exception.
Kidd changed his mind about re-signing with the Mavericks on Thursday afternoon.
A person familiar with his mind-set said that Kidd “so much wanted to get to New York” and was clearly conflicted about his decision.