CAN THE KNICKS MAKE THE MONEY WORK?

New York can have $50 million in cap space in the offseason. The Knicks cap space this summer depends, in part, on the approach they take with their own free agents. The cap holds for New York’s existing free agents amount to roughly $50 million.

If the Knicks sign a restricted free agent to a significant offer sheet, they’d probably need to renounce their rights to some free agents on their roster.

The player’s current team, of course, would have a two-day window to match the offer.

The Knicks can sign a restricted free agent to an offer sheet during the free agency moratorium (Aug. 2- Aug. 6). But a player’s original team doesn’t have to match until Aug. 8, two days after the end of the moratorium.

During that time period, the Knicks need to maintain enough cap space to fit the offer sheet.

With regards to offers, it’s worth noting that the Knicks’ own restricted free agent – Frank Ntilikina – has an $18.5 million cap hold.

Given the size of Ntilikina’s cap hold, it will be interesting to see how New York proceeds with the 2017 Lottery pick.

(New York has to sign Ntilikina to a qualifying offer to make him a restricted free agent. That process takes place between the end of the NBA Finals and the start of free agency. If the Knicks don’t sign Ntilikina to a qualifying offer, he becomes an unrestricted free agent.)

WHAT ABOUT LONZO AND OTHER GUARDS?

During the regular season, the Knicks internally broached the idea of signing a lead guard who isn’t ball-dominant.

Why would they do that?

Several reasons: Assuming he re-signs, Derrick Rose will play regular minutes at lead guard next season. So the Knicks wouldn’t necessarily need to sign a lead guard who plays 38 minutes a night.

And if Julius Randle and RJ Barrett are going to have the ball in their hands regularly - as they did in 2020-21 - then the Knicks may prefer to sign a lead guard who’s comfortable with the ball out of his hands.

If New York eschews the traditional ball-dominant guard this summer, some of their options on the restricted free agent market include Devonte' Graham, Lonzo Ball, and Kendrick Nunn.

The Knicks spoke to New Orleans about a potential Ball trade prior to the deadline but nothing materialized. One source with knowledge of the dynamic at the deadline expected the Knicks to pursue Ball again in the offseason.

But as recently as late in the regular season, there was no consensus on Ball among Knicks decision-makers.

As noted last month, Nunn was among the guards on the Knicks’ radar as they considered their offseason plans. Nunn shot 38.1 percent from beyond the arc on nearly six attempts per game this season and shot it remarkably well in the second half of the season.

The interesting thing with Nunn and Duncan Robinson is that Miami will be forced to make a difficult decision if both players sign big offer sheets. The Heat can – and probably would – match offers to Dunn and Robinson. But bringing both players back on big contracts could hamper Miami’s future flexibility.

(Robinson will probably have plenty of suitors this summer. This isn’t surprising, but Robinson has fans within the Knicks organization.)

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