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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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Sources: Kings Decline to Match Offer Sheet for Bogdan Bogdanovic

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The Sacramento Kings have declined to match the Atlanta Hawks’ four-year, $72 million offer sheet for restricted free agent guard Bogdan Bogdanovic, sources tell ESPN.

Source: Adrian Wojnarowski on Twitter

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Report: Bam Adebayo, HEAT Agree to Extension

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The Heat and Bam Adebayo have agreed to a five-year max extension, Adebayo’s agent, Alex Saratsis, tells ESPN.

Source: Zach Lowe on Twitter

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Report: Brandon Ingram, Pelicans Agree to Extension

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New Orleans Pelicans All-Star F Brandon Ingram has agreed to a five-year, $158 million maximum contract extension, his agents Jeff Schwartz and Jordan Gertler of @excelsm_bball tell ESPN.

Source: Adrian Wojnarowski on Twitter

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