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Sources: Knicks Open to Using Cap Space on ‘undesirable contracts’

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A note on the offseason: several teams said the Knicks are open to using their cap space to take on undesirable contracts via trade, SNY has learned.

The Knicks would presumably acquire another draft pick and young player in this kind of trade. New York has the No. 8, No. 27 and No. 38 picks in the draft.

The idea of taking a bad contract into cap space could be one of several avenues the Knicks are considering this offseason. Depending on what they decide to do with the contract options for Bobby Portis, Wayne Ellington, Taj Gibson and Reggie Bullock, New York could have more than $60 million in cap room in the offseason.

Source: Ian Begley of SNY.tv

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Report: Jared Dudley, Lakers Agree to Deal

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Free agent G Jared Dudley has agreed to a 1-year, $2.6M deal to return to the Lakers, agent Mark Bartelstein of @PrioritySports tells me and @ZachLowe_NBA.

Source: Adrian Wojnarowski on Twitter

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Sources: Gerald Green, Rockets Agree to Deal

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Source: Gerald Green has agreed to a one-year, nonguaranteed deal for the veteran’s minimum with the Rockets. Green, a Houston native and fan favorite, will try to make the team during camp after missing last season due to a broken foot.

Source: Tim MacMahon on Twitter

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Report: Celtics, Hornets Agree to Gordon Hayward Sign-and-Trade

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We have traded Gordon Hayward and 2 future second round draft picks to the @hornets in exchange for a conditional future second round draft pick. The sign-and-trade agreement also creates a trade exception for Boston.

Source: Boston Celtics on Twitter

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