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Knicks News: Josh Hart reported free agency value, Immanuel Quickley extension projection

By Jordanna Clark

NEW YORK, NEW YORK - MARCH 29: (NEW YORK DAILIES OUT) Josh Hart #3 and Immanuel Quickley #5 of the New York Knicks in action against the Miami Heat at Madison Square Garden on March 29, 2023 in New York City. The Knicks defeated the Heat 101-92. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jim McIsaac/Getty Images)
NEW YORK, NEW YORK - MARCH 29: (NEW YORK DAILIES OUT) Josh Hart #3 and Immanuel Quickley #5 of the New York Knicks in action against the Miami Heat at Madison Square Garden on March 29, 2023 in New York City. The Knicks defeated the Heat 101-92. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jim McIsaac/Getty Images) /
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Two decisions that the New York Knicks will have to make this summer involve Josh Hart and Immanuel Quickley. Hart is expected to opt out of his $12.96 million player option for 2023-24 to sign a larger contract as a free agent while Quickley will become eligible to sign an extension on July 1.

Hart’s repeatedly said that he wants to stay in New York and based on how he performed after the trade deadline, the front office would be wild to let him walk. Understandably so, the belief is that Hart will sign a long-term contract with the Knicks in free agency. According to Yahoo Sports’ Jake Fischer, an extension for Hart and New York is “expected to approach $18 million annually.”

On HoopsHype’s podcast, Michael Scotto said that he believes a four-year, $72 million deal would be “suitable” for Hart and the Knicks. New York Daily News’ Stefan Bondy, who was a guest on the podcast, said that he heard that Hart’s new contract could be in the four-year, $70-$75 million range.

As for Quickley, Scotto said after speaking with people around the league, his understanding is that the guard’s “floor” for an extension is in the four-year, $80 million range and could go into the $100 million range.

A dream offseason for Knicks fans would include the team not only retaining Josh Hart in free agency but also signing Immanuel Quickley to an extension, too.

More Knicks news

  • HoopsHype’s Michael Scotto also said on the podcast that New York’s front office value Julius Randle’s “toughness and his ability to stay on the court.” Randle was on pace to play in all 82 regular season games before he sprained his ankle against the Heat.
  • SNY’s Ian Begley, who was also a guest on the podcast, said that from what he’s heard, New York’s front office isn’t as high on Karl-Anthony Towns as they once were.
  • Carmelo Anthony announced his retirement last Saturday and according to SNY’s Ian Begley, before Melo made the announcement, there was “strong support among some in Madison Square Garden to retire the number.”

NBA news

  • Shams Charania tweeted that the NBA Competition Committee is “discussing potential of in-game penalty for flops that would result in technical foul free throw.” The committee is also discussing the possibility of awarding a coach a second challenge if the first challenge is successful.
  • Shams Charania also reported (subscription required) that LeBron James might have to undergo surgery during the offseason after playing through a torn tendon in his right foot.
  • On Instagram Live, Kyrie Irving said that he doesn’t want to talk about free agency. He’ll become an unrestricted free agent this summer and has already been linked to the Lakers.
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