The Washington Wizards are expected to receive a copy of the offer sheet that restricted free agent Jared Jeffries signed with the Knicks on Friday, and will have until next Monday to match if they want to retain the forward's services. Jeffries representatives, however, are pleading that the Wizards let their client go.
"We signed the offer sheet with the intention of playing with the New York Knicks," Andy Miller said. "We hope that the Wizards respect Jared's wishes and allow him to move on with his career."
According to sources, the New York offer contains a couple of provisions that could make it more difficult for the Wizards to match, including an up-front payout of $6.5 million and a hefty trade kicker if Jeffries is traded.
Wizards owner Abe Pollin, President of Basketball Operations Ernie Grunfeld and Coach Eddie Jordan have all indicated a desire to retain Jeffries.
According to the Washington Post, the Wizards have room under the league's luxury tax threshold ($65.4 million) to match the Knicks' offer.
Via Washington Post
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Jul 30, 2006 11:07 AM EST
The Knicks are reportedly attempting to trade away Quentin Richardson, but given his large contract, they have been unable to find an interested party.
They are also interested in trading Malik Rose, Maurice Taylor and Jerome James.`
Via New York Daily News
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Jul 30, 2006 11:04 AM EST
Isiah Thomas and Jared Jeffries' camp have reportedly done as much as they could to convince the Wizards not to match the offer sheet the forward signed with the Knicks.
It is believed that Jeffries' deal calls for him to receive 80% of his annual salary prior to the start of the season. Also, it is likely that Jeffries' contract includes a trade kicker or bonus in the event that he is dealt within five years.
The contract that Jeffries signed with New York is worth $30 million over five years instead of the $33 million over six years offered by Washington.
Via New York Daily News
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Knicks Jul 2006 Archive
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New York Daily News | Jul 29, 2006
Sources indicated the Wizards might be prevented from matching the Knicks' offer to Jared Jeffries because the contract would place them right at the luxury tax threshold.
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Washington Post | Jul 28, 2006
The New York Knicks have signed restricted free agent guard/forward Jared Jeffries to an offer sheet.
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NBA.com | Jul 27, 2006
The Orlando Magic have re-signed restricted free agent forward Trevor Ariza, General Manager Otis Smith announced on Thursday.
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San Antonio Express-News | Jul 21, 2006
The Denver Nuggets have decided against matching Francisco Elson's offer sheet, so the Spurs will use the two-headed center of Elson and Jackie Butler.
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Newsday | Jul 20, 2006
Greg Logan of Newsday is reporting that the Nuggets 'certainly could be forced' to trade for Steve Francis.
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Express-News | Jul 19, 2006
Jackie Butler's offer sheet with the San Antonio Spurs will stand as a Knicks' spokesman confirmmed on Wednesday afternoon that the club will not be matching the contract.
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New York Post | Jul 18, 2006
If Jackie Butler is to become a Spur, he will now have to wait another 24 hours
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New York Daily News | Jul 18, 2006
Isiah Thomas and Jared Jeffries' agent have recently had conversations about signing the restricted free agent to an offer sheet.
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New York Daily News | Jul 16, 2006
Many were surprised when the Knicks took Renaldo Balkman with the 20th overall pick on June 28, but, according to a report published by the New York Daily News, apparently ex-Knicks head coach Larry Brown was not one of them.
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Express-News | Jul 15, 2006
The Knicks have not yet spoken to Keith Glass, agent for Jackie Butler, who signed a three-year $7 million offer sheet with the San Antonio Spurs this week.
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New York Daily News | Jul 14, 2006
It looks like Jackie Butler may not be a lock to return to the Knicks after all.
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Larry Coon FAQ | Jul 13, 2006
According to Larry Coon in his 'Salary Cap FAQ,' six teams were forced to pay the luxury tax for the 2005-2006 season.
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New York Daily News | Jul 13, 2006
The New York Knicks are expected to match the three year, $7 million offer sheet that Jackie Butler signed with the San Antonio Spurs, sources told the New York Daily News.
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San Antonio Express-News | Jul 12, 2006
The Spurs signed point guard Jacque Vaughn and extended offer sheets to centers Francisco Elson and Jackie Butler on Wednesday
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New York Post | Jul 12, 2006
Isiah Thomas had a conversation recently with Denver about Kenyon Martin, according to a league source, but talks went nowhere because the Nuggets only want expiring contracts.
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New York Daily News | Jul 12, 2006
Isiah Thomas is exploring the possibility of reacquiring Trevor Ariza, a player Larry Brown referred to as "delusional", the New York Daily News.
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New York Times | Jul 12, 2006
Nate Robinson broke his nose Monday night in a summer-league game in Las Vegas but planned to play in the Knicks’ final two games, according to a report in the New York Times.
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New York Daily News | Jul 10, 2006
Stephon Marbury finally has the coach of his choice after the hiring of Isiah Thomas.
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New York Post | Jul 7, 2006
All is quiet in New York, according to Marc Berman of the New York Post, as Isiah Thomas focuses more on coaching than chasing free agents.
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New York Post | Jul 6, 2006
Free agent Jackie Butler, out of contract, is refusing to play with the Knicks in the summer league, the New York Post is reporting.
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Newsday | Jul 6, 2006
Knicks' forward Channing Frye has labelled his rookie season under Larry Brown as a 'circus', according to a report published by Newsday.
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Press Release | Jul 5, 2006
New York Knickerbockers President of Basketball Operations and Head Coach Isiah Thomas announced today that forward Renaldo Balkman and guard Mardy Collins have been signed to contracts.
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Chicago Tribune | Jul 4, 2006
The Detroit Pistons on Monday tried last-minute attempts at a sign-and-trade with the Knicks and the 76ers involving Ben Wallace, but Wallace rejected both opportunities to come to the Bulls.
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New York Daily News | Jul 4, 2006
The New York Knicks have another shot at acquiring Denver's Kenyon Martin, the New York Daily News is reporting, but the Knicks are reluctant to give up Channing Frye in any deal.
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Detroit News | Jul 3, 2006
"It was disappointing." -- Detroit center Ben Wallace on the team's initial contract offer
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New York Post | Jul 3, 2006
The Knicks extended a $1 million qualifying offer yesterday to Jackie Butler, according to the New York Post, making him a restricted free agent.
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Rocky Mountain News | Jul 2, 2006
With Denver focusing on negotiations with restricted free agent Nene, the Nuggets may lose power forward Reggie Evans to free agency, according to the Rocky Mountain News.
