The New York Knicks were busy on the first day of free agency and have already spent most of their cap space. The team had a league-leading $52.6 million in cap space to spend going into free agency.
Teams with the most cap space this offseason - via @spotrac:
— Tommy Beer (@TommyBeer) August 1, 2021
1. Knicks - $52.6 million
2. Spurs - $48 million
3. Mavericks - $33.5 million
4. Thunder - $30 million
5. Grizzlies - $24.4 million
6. Raptors - $22.1 million
7. Heat - $20.4 million
8. Hornets - $16.8 million
The Knicks’ addition of Evan Fournier and the re-signing of Alec Burks, Derrick Rose, Nerlens Noel, and Taj Gibson only leaves room for potentially 1 more signing.
What can the New York Knicks do now?
The New York Knicks should sign at least one player that I would consider a “buy low” candidate. This is the type of player whose value has diminished recently due to any number of reasons. As a result, their next contract can be a bargain for the right price as long as the Knicks can make that player a valuable contributor.
Kind of like a low-risk-high-reward, except there isn’t much of an expectation that that player will truly have a chance of making a “high reward” difference. As long as this player can leave their mark positively on the franchise that’s worth more then they’re getting paid, then it was a worthy investment.
And so, the following slides will feature three players who can be great buy-low candidates for the Knicks in free agency.