the Knicks decided to sign a free agent with all of their non-taxpayer MLE, this is how the years break out based on the current estimates and 5% raises:
Year 1: $8,567,770
Year 2: $8,996,159
Year 3: $9,424,547
Year 4: $9,852,936
Signing a player to a multi-year contract with those values prevents New York from offering a 30 percent max contract to a free agent (New York is still short even if they don?t sign anyone long-term, but that?s a different discussion altogether). This is why trading Courtney Lee this offseason and also not taking on a contract past 2019 is so critical ? and why some people have considered stretching Noah in order to make room for a max contract. The difference between Lee?s 2019 salary figure and the Year 2 figure for the MLE does create a difference that puts New York in a position to effectively in position for the 30 percent max, but then we have to take into consideration the cap hold of the 2019 first-round pick. This is why you don?t sign Tim Hardaway Jr. and Joakim Noah to those contracts, but now I?m digressing.
All of this is to say that maybe signing a player isn?t the best of ideas. If New York can find a way to trade Lee for a player they have no intention on keeping past the 2019 offseason or trade him into space, then things can become more interesting. Shedding Lee?s contract, releasing Lance Thomas, renouncing Ron Baker, Emmanuel Mudiay, Trey Burke, and Troy Williams, and stretching Noah on his final year creates an estimate $54,235,824 minus the 2019 first-round draft pick?s cap hold/contract and incomplete roster charges ? well above that $32.4 million threshold.
Dumping Lee is essential to whether or not I think the Knicks should sign a player with their mid-level exception. If they can, then the two players that I would recommend be potential targets are Marcus Smart and Mario Hezonja. I highly doubt Smart signs for $8.5 million over multiple years (and with a ?tanking? team) unless his market is completely dried up and he becomes desperate for job security.
I?m uncertain about what Hezonja?s market is and if another team with more cap space wants to gamble on him. Nabbing him on a four-year, $32 million contract would be the type of deal that?s worth the risk if he manages to fulfill his potential and puts together the flashes we saw during the second half of the season. And if he signs for something such as four years at $10 million per year elsewhere, that?s not the end of the world either.
https://www.postingandtoasting.com/...table-what-free-agent-should-the-knicks-chase