Yesterday, throughout the afternoon, the Sacramento Kings and New York Knicks held trade discussions. The deal was Kenny Thomas in return for Nate Robinson and Jared Jeffries. On three separate occasions the Kings made their offer, and on three occasions the Knicks rebuffed their advances foolishly.
Let’s have a look at that trade, because it was the biggest decision made by the Knicks yesterday.
The Contracts
This trade is all about contracts and it’s a home run for the Knicks.
- Kenny Thomas — Expires in 2010. He will be paid roughly $8.5mil this season and next.
- Nate Robinson — Expires this summer and is paid a little over $2mil on the season. He is due for a contract extension this summer that could be worth as much as $5-6mil. It’s still not clear whether the Knicks plan to hang onto him or not.
- Jared Jeffries — Jeffries’ deal doesn’t expire until 2011. He is due to paid $6mil, $6.5mil, and finally $6.9mil over the next three years.
The contract of most importance is Jared Jeffries because his $7mil contract eats into the Knicks cap space in 2010, and reduces their ability to acquire top tier talent. Read the rest of this entry »