New York Knicks 2021 free agency tracker: $52.6 million in cap space

Here is a running list of all the moves the New York Knicks make during 2021 free agency. Expect the unexpected.

The New York Knicks are poised to be one of the busier teams in free agency this summer. After all, they have $52.6 million in cap space, more than any other team in the league.

Leon Rose, Worldwide Wes, and the rest of the front office is looking to fortify the roster for another run to the playoffs. Here is a running list of all the moves the Knicks make during the NBA’s 2021 free agency:

Evan Fournier Done Deal

The Knicks were reportedly interested in French wing Evan Fournier prior to the legal tampering period opening up. It didn’t take long to get a deal done. The Frenchman is coming to New York on a four-year deal.

Free agent Evan Fournier has agreed to a four-year deal that could be worth as much as $78M with the New York Knicks, source tells ESPN.

— Adrian Wojnarowski (@wojespn) August 3, 2021

Derrick Rose Comes Back To Thibs

Although there were reports of “mutual interest” between Derrick Rose and the Chicago Bulls, the former MVP is coming back to New York. Obviously, Rose’s strong relationship with Tom Thibodeau had something to do with his re-signing.

Free agent G Derrick Rose has agreed to a three-year, $43M deal to return to the New York Knicks, source tells ESPN.

— Adrian Wojnarowski (@wojespn) August 3, 2021

Alec Burks Re-Signs on Multi-Year Deal

Alec Burks is re-signing with the Knicks after his successful season off the bench. The sixth man is returning on a three-year contract worth $30 million.

Free agent G Alec Burks has agreed to a three-year, $30M contract to stay with the New York Knicks, sources tell ESPN.

— Adrian Wojnarowski (@wojespn) August 2, 2021

Nerlens Noel Re-Signs on Multi-Year Deal

It didn’t take long for Burks and Nerlens Noel to re-sign with the Knicks. Noel, the team’s starting center after Mitchell Robinson’s injury, is returning on a three-year, $32 million deal.

Free agent C Nerlens Noel is returning to the New York Knicks on a three-year, $32M contract, his agent @GeorgeLangberg tells ESPN. Tom Thibodeau keeps his rim protector.

— Adrian Wojnarowski (@wojespn) August 2, 2021

Reggie Bullock to Dallas

Reggie Bullock was a crucial part of New York’s resurgence last season, but he’s on his way to join the Dallas Mavericks. After the Knicks drafted Quentin Grimes, re-signed Alec Burks, and have shown interest in Evan Fournier, the writing was on the wall for Bullock.

The Mavericks are nearing a deal with Knicks free agent Reggie Bullock, league sources say.

— Marc Stein (@TheSteinLine) August 2, 2021

Taj Gibson Comes Home

Taj Gibson isn’t going anywhere. The veteran center is re-signing with the Knicks for a third season in the orange and blue. Gibson will likely assume his role as the third-string center once again, but that is a vital role on a team with two injury-prone bigs — Mitchell Robinson and Nerlens Noel.

Taj Gibson has agreed to a one-year, $2.7 million deal to return to the Knicks, Mark Bartelstein of @PrioritySports tells SNY.

— Ian Begley (@IanBegley) August 3, 2021

Kemba Walker Comes Home Too

The Knicks made a flurry of moves on day one of free agency, but they still didn’t have their starting point guard. Well, that changed on Wednesday. The Oklahoma City Thunder are buying out Walker and he plans to sign with the Knicks. If healthy, Walker is a massive upgrade at point guard.

Four-time All-Star guard Kemba Walker has agreed to a contract buyout with the Oklahoma City Thunder, and upon clearing waivers, plans to sign with the New York Knicks, sources tell ESPN.

— Adrian Wojnarowski (@wojespn) August 4, 2021

Late Addition of Dwayne Bacon

After the early flurry of moves, the Knicks came back with one more. They have agreed to a deal with four-year shooting guard Dwayne Bacon.

The Knicks have agreed to a deal with free agent guard Dwayne Bacon, sources tell ESPN. Bacon averaged 10.9 points per game while playing all 72 games last season with the Orlando Magic.

— Tim Bontemps (@TimBontemps) August 9, 2021

Can’t get enough NBA coverage? Check out ESNY’s Nets free agency tracker as well.