Contract Details

  1. 2 years, $5,745,331;
  2. Non-Guaranteed Both Seasons;
  3. Team Option;
  4. For Annual Breakdown visit Knicks Capsheet

Cap Discussion

Roster Requirements

  1. Prior to the Hukporti conversion and Matt Ryan Signing (discussed below), the Knicks had 12 Standard Contracts.
  2. Teams are only permitted to fall under 14 Standard Contracts for 14 consecutive days maximum and 28 total days throughout the Regular Season.
  3. Signing Hukporti and Ryan puts the Knicks at the required 14 Standard Contracts.

Hukporti Conversion Keeps NYK Below the Second Apron

  1. Hukporti converts from a Two-Way Contract to a Rest-of-Season Contract for two seasons;
  2. Hukporti’s first-year salary is a prorated minimum salary for 0 Years of Service (YOS), $1,064,049:
    1. 168 day remaining in Regular Season, divided by 174 Total Regular Season Days, multiplied by $1,157,153 (full minimum salary for 0 YOS)
  3. Converting their 2024 2nd Round Pick, the Knicks save $855,509 in Team Salary for the following reasons:
    1. To encourage Teams to sign veteran free agents, the applicable minimum salary for older players is subsidized down to that of a player with 2 YOS ($2,087,519, which is prorated to $1,919,588 as of 11/5/24);
    2. With that same intention, any free agent minimum with less than 2 YOS of service is also increased to the salary of 2 YOS as calculated for Team Salary;
    3. However, because Hukporti is a draft pick, and not a free agent, the Knicks get to use the minimum salary for 0 YOS. Had they signed any free agent to a minimum contract, they would have had to use the $1,919,599, as they did when signing Matt Ryan on the same day.
  4. The savings allow the Knicks to fall $589,222 under the Second Apron, where they are hard-capped and thus are unable to exceed.