Surely, the New York Knicks wouldn’t let the deadline go by without extending Immanuel Quickley, right? Wrong, 6 p.m. ET came and went without an extension, leaving many fans wondering why.
Quickley will enter restricted free agency next summer. Considering how the 24-year-old looked in his third season in the league, it’s reasonable to assume his price will be higher next offseason than it is now. The Knicks can match any offer he gets, but if it’s too big of a number for New York to match, Quickley could leave.
The guard’s one of five key players who didn’t sign a rookie-scale extension, including Obi Toppin.
Why didn’t the New York Knicks extend Immanuel Quickley?
There hasn’t been anything reported yet about the maximum number New York offered, so it’s unknown where the front office drew a line in the sand.
From the front office’s perspective, a superstar trade is on the horizon, whether it be before the February deadline or next offseason. If Immanuel Quickley had agreed to an extension on Monday, the contract would’ve had a poison pill provision through June 30, meaning a trade would’ve been made that much more difficult.
Quickley is a young player that an opposing team should demand in a package for a star, and that’s far more of a reality now that he didn’t agree to an extension. As tough as it might be for fans to grasp, a star isn’t going to end up in New York without the Knicks offering an attractive combination of assets and young players.
Just because Quickley didn’t agree to an extension doesn’t mean the 2023-24 season will be his last in NYC. Restricted free agency doesn’t mean the Knicks will lose Quickley. However, it wouldn’t be surprising if a trade happened before the front office had to worry about matching an Immanuel Quickley offer sheet.