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According to multiple reports, the Knicks have signed John Jenkins to a two-year veteran’s minimum contract (guaranteed for the rest of this season, non-guaranteed for 2019-20):
Second season includes a trigger date for guarantee, sources said, as Knicks maintain flexibility. https://t.co/N4kBsi1w90
— Shams Charania (@ShamsCharania) February 20, 2019
The Knicks signed John Jenkins with the veteran’s minimum exception, per league sources. He’s averaged 10.5 points per game on 50 percent shooting in two games for NYK. Jenkins’ initial agreement with NYK was reported by The Athletic. https://t.co/29QyODkOkb
— Ian Begley (@IanBegley) February 20, 2019
That’s pretty good! Jenkins has provided some much-needed floor spacing and spot-up shooting ability since joining the Knicks, averaging 10.5 points on 50 percent shooting and 33.3 percent from three in 17.5 minutes per game.
Jenkins’ contract is probably similar to 2017-18 G-League darling Trey Burke’s deal last year, which was the veteran’s minimum with certain dates where more and more of his contract became guaranteed. This allows the Knicks more flexibility than a standard yes-or-no player option before the offseason — they’d instead have multiple opportunities to decide if they want to keep Jenkins and his minimum salary, or cut bait and only have to pay a portion of it.
Salary protection for Trey Burke will now increase from $100K to $400K. The increase is based on the point guard being on the Knicks roster for the first regular season game. The full $1.8M cap hit will become guaranteed once he is on the roster past the Jan. 7 cut date.
— Bobby Marks (@BobbyMarks42) October 17, 2018
So, not huge news here, but another shrewd move by what has shown to be an increasingly shrewd, clever, slick front office. Welcome to the tank for the long haul, John!