The New York Knicks have never had trouble closing a deal, but for too long now, they have had trouble closing the right deals.
However, the Knicks need THIS to be the right deal as it may determine the immediate future for the New York Knicks and their All-Star forward, Carmelo Anthony.
Following weeks of speculation and the real possibility of Carmelo Anthony leaving in free-agency, the New York Knicks finalized a deal to bring on 11-Time NBA Champion Head Coach Phil Jackson to take over as President of Basketball Operations.
Jackson, who retired as Head Coach of the Los Angeles Lakers in 2011 for health-related reasons, felt that it was time to return to the NBA scene.
The New York Knicks first approached Jackson to take over as Head Coach. The former Knicks player declined, but eventually accepted the expanded position of President of Basketball Operations. The Knicks turn over control of all basketball-related decisions to Jackson, "willingly" and "gratefully".
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| The New York Knicks introduced Phil Jackson as President of Basketball Operations earlier today. |
Phil Jackson assumes control of a team in disarray.
While having won their last 6 games, the Knicks currently sit 4.0 games out of the final playoff spot in the weak Eastern Conference.
The Knicks overall are a disappointing 13 games under .500 while also boasting the second highest payroll in the NBA.
And the Knicks have just one first round draft pick (2015) in the next three years and only one second round draft pick (2014) in the next four year.
With the lack of new blood through the draft, Phil Jackson's job will require creative trades and shrewd rebuilding through free agency signings.
And his biggest free agency move may not be a signing at all. It may all begin with convincing Carmelo Anthony not to opt out of his current contract or to re-sign at a discount so that the Knicks can bring in some help for Melo.
Neither option would seem very good for Melo, who is thinking about competing for Championships, given that the Knicks are over the salary cap and have no financial flexibility until the 2015-2016 season.
| Player | 2013/14 | 2014/15 | 2015/16 | 2016/17 | 2017/18 | 2018/19 |
| Amare Stoudemire | $21,679,893 | $23,410,988 | $0 | $0 | $0 | $0 |
| Carmelo Anthony | $21,490,000 | $23,530,000 | $0 | $0 | $0 | $0 |
| Tyson Chandler | $14,100,538 | $14,596,888 | $0 | $0 | $0 | $0 |
| Andrea Bargnani | $11,000,000 | $12,000,000 | $0 | $0 | $0 | $0 |
| JR Smith | $5,565,000 | $5,982,375 | $6,399,750 | $0 | $0 | $0 |
| Raymond Felton | $4,180,000 | $4,360,000 | $4,540,000 | $0 | $0 | $0 |
| Iman Shumpert | $1,797,600 | $2,761,113 | $3,898,691 | $0 | $0 | $0 |
| Pablo Prigioni | $1,591,350 | $1,662,961 | $1,734,572 | $0 | $0 | $0 |
| Metta World Peace | $1,590,000 | $1,661,550 | $0 | $0 | $0 | $0 |
| Kenyon Martin | $1,399,507 | $0 | $0 | $0 | $0 | $0 |
| Tim Hardaway Jr | $1,196,760 | $1,250,640 | $1,304,520 | $2,281,605 | $3,335,707 | $0 |
| Beno Udrih | $913,047 | $0 | $0 | $0 | $0 | $0 |
| Cole Aldrich | $884,293 | $0 | $0 | $0 | $0 | $0 |
| Jeremy Tyler | $556,584 | $948,163 | $0 | $0 | $0 | $0 |
| Toure Murry | $490,180 | $0 | $0 | $0 | $0 | $0 |
| Chris Smith | $184,538 | $0 | $0 |
While Phil announced that Carmelo Anthony will be his primary focus, he may be forced to conclude that the best move to turning the team's fortunes around is to let Melo walk, trade assets for draft picks and young players, and go into full tank mode for the 2015 NBA Draft (the only coming draft where they still have a first round pick) as the best rebuilding strategy. It could be the fastest route to rebuilding given the years of ineptitude by management.
What do you think should be Phil Jackson's first moves and focus? Would you let Carmelo Anthony walk in free agency? Tell us what you think in the comments below!