Knicks Trade Rumors: Pros, Cons Of Trading For Reggie Jackson
Pro: Financial Security
With the salary cap frequently rising without pause, signing a starting-caliber player has become a massive investment. In 2016, Mike Conley signed a deal worth $30.5 million per season, Rajon Rondo signed a deal worth $14.05 million per season, and Jeremy Lin netted just under $12.8 million per season.
Thus, the New York Knicks could dodge a financial bullet by trading for Reggie Jackson instead of testing the free agent waters.
Jackson signed a five-year deal worth $80 million in 2015. He’s due $14,956,522 in 2016-17 and has reasonable cap hits of $16 million in 2017-18, $17,043,478 in 2018-19, and $18,086,957 in 2019-20.
Those may seem like gaudy numbers from a traditional perspective, but New York will have to pay significantly more to get a player of Jackson’s talent level through free agency.
Rather than having to hand a four-year deal worth close to $100 million to a point guard of similar talent, New York can walk away with a more affordable player. Jackson will make an average of roughly $17,043,478 per season over the course of the final three years on his contract.
With both Brandon Jennings and Derrick Rose set to become free agents this summer, acquiring a point guard who’s under contract for the foreseeable future would be ideal.