New York Knicks News Mix, 7/11/17: Baker Gets New Deal, Mills Will Be Prez
Jan 31, 2017; Washington, DC, USA; New York Knicks guard Ron Baker (31) dribbles up the court past Washington Wizards guard John Wall (2) during the second quarter at Verizon Center. Mandatory Credit: Tommy Gilligan-USA TODAY Sports

The New York Knicks spend all their money on Ron Baker’s new deal while it looks like Steve Mills is going to be the new president.

The New York Knicks spent a shocking amount of money to bring back Ron Baker.

According to Adrian Wojnarowski of ESPN, they signed the free agent point guard to a two-year, $8.9 million deal that includes a player option.

At first glance, that’s a lot of money. At a second, third, and fourth glance it still is.

Ian Begley reports that the Knicks now have less than $1.5 million in cap space remaining to sign another point guard. That’s not going to attract Rajon Rondo or Derrick Rose. Wave bye bye to those players.

New York spent almost all of their remaining cap space on Baker. He better produce. They’re also taking a big gamble on Frank Ntilikina.

Marc Berman of The New York Post reports that the Knicks are moving forward with a plan to name Steve Mills the permanent president of the team.

Per Berman, owner James Dolan already has his successor to the recently fired Phil Jackson in long-time employee Mills. He was president for five months after being hired to replace Glen Grunwald during the 2013-14 season. Then Jackson was brought in.

Berman mentions Allan Houston as a potential fit for the general manager job. He’s currently the assistant GM and GM of the G-league team.

Elite Sports NY’s Matt Castillo wrote about the pressures facing rookie Frank Ntilikina after the departure of the man who drafted him, Phil Jackson.

Elite Sports NY’s Robbie Stratakos wrote about why expecting Steve Mills to surrender power to David Griffin was unrealistic.

I'm ESNY's Executive Editor for I cover the New York Knicks and Brooklyn Nets. Email: Chip Murphy covers the NBA for Elite Sports NY. You can find him on Twitter @ChipperMurphy.