yellowboy90 wrote:Bonn1997 wrote:What is his new contract? This is disappointing loss for us. If we wanted to preserve cap space, this seems like one of the silliest ways to do it.
Exactly, the only out for Phil is if Gallo didn't want a long term deal at $6m but instead wanted to bet on himself. You don't just give up useful players for nothing when they can be had on reasonable deals. Gallo is a useful rotation player without being able to shoot. How useful would he be if he actually improves like other young players.
Reportedly getting a deal between 5 and 6M per year with a player out after year 1. That's probably too much for a 5th guard...and a slot the Knicks could likely fill with a vet min after the dust settles. Maybe if the contract had a team out after 1 the knicks would spend that $.
How else would the Knicks preserve cap space right now other than to not sign someone?
Jose reportedly traded to LA...last year on his contract (7.7M) and the bulls had to send 2 second round picks with him....while receiving basically nothing in return. Not the road the Knicks would want to face next year to get rid of Galloway if they needed to sign a FA.