I'm moving this thread to the top and will be updating it as deals become official.
As of 12:00 this morning, the Knicks can finally complete all these deals we've been hearing about over the last few weeks. It actually sounds like today is going to be a giant pain in the ass for whoever has to handle all this paperwork. It won't all necessarily get done today, but here is what the Knicks are supposed to have planned for the near future:
- Sign James White to a one-year deal for the veteran's minimum ($1.4 million) Update: Done.
- Sign Jason Kidd, probably to a three-year deal for the mini-MLE of about $3 million per year.
- Trade Toney Douglas, Josh Harrellson, Jerome Jordan, about $2 million and two future second-round draft picks to the Houston Rockets in exchange for Marcus Camby, who will sign a three-year, $13.2 million contract (with something less than a full guarantee on the third year). Update: Done.
- Sign J.R. Smith to a two-year deal that pays him $2.8 million this season and includes a player option for next season. Update: Done.
- Sign Steve Novak to a four-year, $15 million deal.
- Match Houston's four-year, $29 million offer sheet to Jeremy Lin, which includes a team option in the fourth year.
- Decline to match Toronto's three-year, $20 million offer sheet for Landry Fields.
I think that's all the stuff we've heard about, right? The last two things regarding offer sheets aren't totally 100 percent for certainly certain, but we've heard enough to be pretty confident that Lin's offer will be matched and Landry's will not.
Meanwhile, the Knicks still won't have a full roster once they're done with all that. There's likely an offer to be made to Jared Jeffries sometime soon, and Marc Berman reports that New York is still on the case of Argentinean point guard Pablo Prigioni (and that they might actually make an offer today).
I'll update this (perhaps I'll just add some check marks to the list above) when and if stuff becomes official today, and if not today, then I'll try to let y'all know when things get signed in the future. It's nice to have finally reached a point at which we're allowed some certainty in the future of our Knicks.
By the way, here's last night's announcement about the salary cap, and here's Knickerblogger's breakdown of New York's cap situation (where "situation" means "disregard") for the near future.
Update: The Knicks have officially done the sign-and-trade for Marcus Camby (as linked above). The Rockets will now move on to making their offer to Jeremy Lin, at which point the Knicks can match.
Update: Marc Berman hears that the Knicks will wait the three full days to match/not match Toronto's offer sheet for Landry Fields. Bryan Colangelo is telling people that he thinks the Knicks might match, but we've been hearing otherwise for quite some time.
Update: Woj thinks the Knicks have a chance of matching, too. As many have said, it'd just be a matter of Dolan obliging to pay that much more in luxury tax.
Update: Fields got his offer sheet. Knicks have three days to match.