Rumors are swirling around Amar’e Stoudemire and his onerous (but expiring) contract — the Knicks and Sixers have reportedly discussed a possible deal for the big fella, though nothing seems imminent. Per the NY Post:
The Sixers have $30 million in cap space and have made it known they’d be willing to accept an undesirable expiring contract if a pawn is thrown in. That extra pawn likely would be Iman Shumpert — something the Knicks prefer not to do.
The idea is, at the least, reduce payroll so the Knicks can make a sign-and-trade to obtain a free agent and be able to wield the full mid-level exception of $5 million instead of mini-midlevel $3.27 million. Currently, the Knicks are above the luxury-tax apron and are forbidden to obtain a free agent through a sign-and-trade or use the full mid-level to try to lure free agent Pau Gasol.