While their $72MM investment in Joakim Noah back in 2016 stands out as the Knicks’ worst use of cap room in recent years, the team’s use of its space in 2017 was also questionable — a massive offer sheet for Tim Hardaway Jr. ate up most of New York’s flexibility, and the club’s room exception went to Ron Baker. A year later, the Knicks won’t have as much money to spend, and that should be just fine. With Kristaps Porzingis‘ recovery from a torn ACL expected to sideline him for the start of the 2018/19 season, New York shouldn’t be focused on win-now moves in the coming months.

Here’s where things currently stand for the Knicks financially, as we continue our Offseason Salary Cap Digest series for 2018:

Guaranteed Salary

Player Options

Team Options

None

Non-Guaranteed Salary

Restricted Free Agents

None

Unrestricted Free Agents / Other Cap Holds

Projected Salary Cap: $101,000,000

Projected Cap Room: None



There are a number of variables in play when it comes to cap space for the Knicks. Our projection assumes that Kanter and Baker will pick up their player options and that the team will retain all 10 players currently under contract – including the non-guaranteed deals – along with its first-round pick. Combining all those cap hits would take team salary to almost exactly $101MM .

. There are scenarios in which the Knicks could create room. Kanter opting out and not re-signing would remove $18.6MM+ from the team’s books, and waiving and stretching Noah would trim team salary by another $11MM or so. Still, I think the Knicks are more likely to make an effort to open up cap space in 2019 than in 2018.

Footnotes:

Burke’s salary becomes guaranteed for $100K after July 10 and guaranteed for $400K after the first game of the 2018/19 regular season. Williams’ exact contract details, including guarantee info, aren’t yet known. The Knicks are ninth in the draft lottery standings. They could end up picking as high as No. 1 ($8,095,595) and as low as No. 12 ($3,179,248).

Note: Rookie scale cap holds are estimates based on salary cap projections and could increase or decrease depending on where the cap lands.

Salary information from Basketball Insiders was used in the creation of this post. Photo courtesy of USA Today Sports Images.