Knicks decline rookie extension for Kristaps Porzingis


The New York Knicks declined to sign All-Star power forward Kristaps Porzingis to a rookie extension ahead of Monday's 6 p.m.(ET) deadline, according to ESPN's Ian Begley.

Porzingis will be a restricted free agent next offseason. They will have enough cap room next summer to give Porzingis a max extension while also adding another max-contract player.

By holding off on extending Porzingis now, NY can save about $10 million to spend on outside free agents when July of 2019 comes calling.

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NY will still have the option to re-sign Porzingis next offseason or match another team's offer sheet.

While Porzingis had expressed discontent with the Knicks' direction in the past, most notably skipping his exit interview after the 2016-17 season, team officials believe he's happy with the change in direction under new head coach David Fizdale. "He's having fun with these guys, he's engaging with me, with the staff".