His contract is up this summer. When he was with the Warriors his agent Bill Duffy wanted a 60M 5 year deal. Based on the way he has been playing or more precisely not playing I doubt the Knicks would be interested in signing him for more than a bench player say a 3 year 9M deal. He is reportedly not happy sitting on the bench, understandable but odds are we lose him because he and his agent want more than the Knicks would be willing to pay and he is not happy with his PT. I think you have to trade him and try to get some value back for him because he probably won't be here next year.
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The loose figures I heard: Duffy is mentioning 5 years, $60M or more, given Randolph’s size and unique skill set, and Duffy is saying that’s the money they want whether or not the Warriors get around to playing Randolph regularly by then.