This trade for the Knicks was financially motivated both short term and long term. They have the option to waive all three players they traded for by Wednesday and not owe them anything.
The Knicks also waived center Samuel Dalembert, a move that will save $3.8 million. In all, the moves to unload Shumpert, Smith and Dalembert will save the team more than $20 million in salary and luxury taxes.
"As our journey moves through this season, we will search for the type of players that fit the style we hope to exhibit to our fans. Our desire to improve our ability to compete," Knicks team president Phil Jackson said in a statement. "These transactions improve our flexibility to the current roster and the salary cap for future seasons."
With Smith's $6.4 million player option for next year now off their books, the Knicks are looking at having in excess of $30 million in cap space next summer. Smith gets a $533,135 trade kicker bonus as part of the deal.
"This was an impactful night in terms of first, the three guys who are not with us anymore," Knicks coach Derek Fisher told reporters Tuesday night. "I spoke to each of them before the game. I told them how much I and we appreciate the efforts made in this transition process. Trying to learn what we were offering, what we were teaching. All three guys made the effort to do so.
"Especially in this league now, guys with expiring contracts they don't necessarily have possibly a long-term future. I think Phil is continuing to look at how we transition as we change the culture of the New York Knicks."
Fisher went on to say that he doesn't think the Knicks are finished making moves.
"I don't think this is the end of this process," Fisher told reporters. "Although right now we're losing some pieces I'm hopeful that our front office is still being very aggressive to try to add some guys that can help us build this team going forward."
JR Smith and Iman Shumpert (and Dalembert) for unguaranteed contracts and a future second round pick ?
I can certainly understand the willingness (or need) to trade unwanted players who don’t fit the style of play Phil Jackson and Derek Fisher want to execute but you need to get some kind of value back. Basically, the price to pay in order to unload JR Smith was Iman Shumpert. As he’s an expiring rookie contract and Knicks needed to tender a qualifying offer to retain him and Phil Jackson probably didn’t want to keep him, I guess that’s the reason Iman Shumpert was jettisoned. Despite his poor play and his injury I still think he probably had more value than that and Phil could have waited for the trade deadline. He cleared more cap room but there’s no guarantee Knicks will even need all that cap room. After only 9 months at the helm, Phil made lots of moves (Felton/Chandler for Calderon, Ellington and Larkin, hired Derek Fisher, re-signed Melo, Ellington and Tyler for Outlaw and Acy Law, JR/Iman for unguaranteed contracts and a second round pick). He revamped the roster and tried to find some balance in the off-season and he failed so far. He added salaries past 2015 with Calderon ($7 million per year) and now he cleared JR Smith contract ($6 million) so he barely broke even.
What Phil’s doing would make sense if we didn’t have Melo , we were rebuilding and we still had the control of our 2016 first round pick. Right now, he cleared approx $30 million in cap room but he has no team, only Melo as a (short term) building block and a potential top 5 lottery pick. Even with $30 million, I doubt you can rebuild a team in one off-season with Melo aging and his injuries. People are making comparisons with 2010 but it’s an entirely different proposition. In 2010, the plan was quite clear : two max slots for two max players (and a 3rd star or a couple of really good role players in 2011). You had several franchise players available in 2010 and if you got Lebron and Wade or Lebron and Bosh, you were almost set. With Lebron, Wade and Bosh, the Heat could fill the rest of the roster with minimum salary players and rookies. As we all know, Melo’s not Lebron and you don’t have a player like Wade or a great complementary player like Bosh who could adapt his game. Another big difference is those guys were
young and
hungry for a championship and were willing to make sacrifices to make it work. it wasn't just a quick fix to win a championship, it was a plan to win multiple rings. The Heat only won two championships but they made 4 consecutive NBA Finals appearances. In NY, at this point, this situation is just a mess so even if you add Marc Gasol and a good $10 million player to that group of players, that’s not enough to push us over the top. We would barely make the playoffs. Nothing more. Even with the salary cap going up significantly in 2016 (with the newt TV deal), I doubt we will have enough resources and time to make it work. not to mention, there's a looming lockout in 2017 and owners will likely try to lower the salary cap and salaries (change the formula for the salary cap).
Overall, It’s a situation that has the potential to be just a repeat of 2010-2011 (Gasol and whoever PJax can sign would just replace Tyson Chandler and Amare) and it will produce the same results (a team good enough to make it to the second round but nothing more). At this point, even if we don’t have a first round pick in 2016, I’d rather see Phil Jackson end the Melo experiment (trade him for the right package if he can) and rebuild from scratch. Knicks should use their cap room to acquire young players, draft picks and assets and rebuild slowly instead of trying to win now with aging players like Melo and possibly Marc Gasol. Once again, I fear the Knicks may make the same mistake (we maxed out Melo so we better try to win now at all costs, even if it means overpaying and being capped out for the foreseeable future). I think the window to build a team around Melo is closing, we don’t have enough time. I think Knicks should acknowledge the ship has sailed for Melo and it’s time to start over. Same thing for Kevin Durant in 2016. Not enough to build a team attractive enough to lure him, I mean a team where he could be the missing ingredient to push us over the top. That’s what the Knicks should do : build a team slowly with the right pieces and then look for the franchise player who will make us a championship contender. And not the other way around. 2010 was just a one-time opportunity with several franchise players available, including the best player in the NBA (Lebron). 2010 shouldn't be used as a model to rebuild a team via free agency.
Back to the topic at hand, I don’t think it’s a good trade but I understand Phil Jackson’s intention (JR Smith probably wasn’t a player worth keeping for chemistry reasons and Iman Shumpert’s rookie contract will expire at the end of the season so he had to be traded if Phil had no intention to re-sign him next summer), this trade should have netted us more assets but I’m more concerned by the direction of the team (and Phil’s obsession with the triangle) than this particular trade. I guess we’ll see next summer what Phil Jackson really wants to do with this team.