New York Knicks 2024-25 Financial Summary

A current summary of New York Knicks 2024-25 player cap & cash figures.

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Total Cap

$191,910,421 / 11th

Cap Space

$-51,322,421 / 20th

Tax Space

$-2,371,045

Cash Total

$172,722,873 / 13th

2024-25 Active Roster

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
Player (14) Pos Age Type Cap Hit Cap Hit Pct League Cap Apron Salary Luxury Tax Cash Total Cash Guaranteed Free Agent Year
Anunoby
1
OG Anunoby 		SF 27 FA $36,637,932 26.06% $36,637,932 $36,637,932 $36,637,932 $36,637,932 2029
Randle
2
Julius Randle 		PF 30 VET-EXT $28,939,680 20.58% $30,317,760 $28,939,680 $27,561,600 $27,561,600 2026
Brunson
3
Jalen Brunson 		PG 28 FA $24,960,001 17.75% $24,960,001 $24,960,001 $24,960,001 $24,960,001
Bridges
4
Mikal Bridges 		SF 28 RK-EXT $23,300,000 16.57% $23,300,000 $23,300,000 $23,300,000 $23,300,000 2026
Hart
5
Josh Hart 		SG 29 VET-EXT $18,144,000 12.91% $18,144,000 $18,144,000 $18,144,000 $18,144,000 2028
Robinson
6
Mitchell Robinson 		C 26 FA $14,318,182 10.18% $14,318,182 $14,318,182 $14,318,182 $14,318,182 2026
DiVincenzo
7
Donte DiVincenzo 		SG 28 FA $11,445,000 8.14% $12,195,000 $11,445,000 $11,445,000 $11,445,000 2027
McBride
8
Miles McBride 		PG 24 VET-EXT $4,710,144 3.35% $4,710,144 $4,710,144 $4,710,144 $4,710,144 2027
Bates-Diop
9
Keita Bates-Diop 		SF 29 FA $2,654,644 1.89% $2,654,644 $2,654,644 $2,654,644 $2,654,644 2025
Sims
10
Jericho Sims 		C 26 FA $2,092,344 1.49% $2,092,344 $2,092,344 $2,092,344 $651,180 2025
Payne
11
Cameron Payne 		PG 30 FA $2,087,519 1.48% $2,087,519 $2,087,519 $3,003,427 $3,003,427 2025
Dadiet
12
Pacome Dadiet 		SG 19 RK $1,808,080 1.29% $1,808,080 $1,808,080 $1,808,080 $1,808,080 2028
Kolek
13
Tyler Kolek 		PG 23 RK - - $2,087,519 $2,087,519 $2,087,519 $2,087,519 2028
Hukporti
14
Ariel Hukporti 		C 22 TW - - - - - - 2025

2024-25 Cap Hold

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.

Player (5) Pos Age Type Cap Hit Cap Hit Pct League Cap          
Achiuwa
1
Precious Achiuwa 		PF 25 RK $13,138,581 9.35% Bird
Jeffries
2
DaQuan Jeffries 		SG 27 ROS $2,087,519 1.48% Early Bird
Toppin
3
Jacob Toppin 		SF 24 TW $1,862,265 1.32% Two-Way
Brown Jr.
4
Charlie Brown Jr. 		SG 26 TW $1,862,265 1.32% Two-Way
Washington Jr.
5
Duane Washington Jr. 		PG 24 TW $1,862,265 1.32% Two-Way

2024 Exceptions

Exceptions are essentially "grants" offering teams an additional way to sign players. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined.

Type Reason Used On Expires Original Available
Non-Taxpayer Mid-Level
End-of-Season $12,822,000 $12,822,000
Bi-Annual
End-of-Season $4,668,000 $4,668,000
Trade
RJ Barrett trade with TOR
 12/30/2024 $5,241,072 $5,241,072
Trade
Malachi Flynn trade with DET
 2/10/2025 $3,873,025 $3,873,025

2024 Cap Totals

Cap Maximum Summary
Cap Maximum $140,588,000
Active Roster $171,097,526 13th
Cap Hold $20,812,895 8th
Total Allocations $191,910,421 11th
Space $-51,322,421 20th
Practical Cap Space Summary
Projected Practical Cap Space
This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries + estimated exercised and declined options + estimated retained cap holds and draft pool cap holds.
 $-48,801,943 -
Maximum Possible Cap Space
This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. All other options, cap holds, exceptions are assumed as declined, waived or renounced.
 $-29,068,362 -
1st Apron Summary
1st Apron Maximum $178,132,000
Total Allocations $175,313,125 -
Space $2,818,875 -
2nd Apron Summary
2nd Apron Maximum
This team is currently hard-capped at the second apron.
 $188,931,000
Total Allocations $175,313,125 -
Space $13,617,875 -

2024 Tax Totals

Tax Summary
Tax Threshold $170,814,000
Total Allocations $173,185,045 12th
Space $-2,371,045 19th
Ext. Luxury Tax Bill $3,556,566 -

2024 Deadlines

Deadline Date Player Type Value
8/3/2024 Julius Randle
EXTENSION ELIGIBLE
2024-25 Extension Eligible
10/1/2024 Mikal Bridges
EXTENSION ELIGIBLE
2024-25 Extension Eligible
6/29/2025 Jalen Brunson
PLAYER
2025-26 Player Option 		$24,960,001
6/29/2025 Ariel Hukporti
RFA / QO
2025-26 Qualifying Offer — Two-Way 		$2,048,494
10/31/2025 Pacome Dadiet
CLUB
2026-27 Club Option 		$2,983,680
10/31/2026 Pacome Dadiet
CLUB
2027-28 Club Option 		$5,373,608
6/29/2027 Josh Hart
CLUB
2027-28 Club Option 		$22,375,280
6/29/2027 Tyler Kolek
CLUB
2027-28 Club Option 		$2,486,995
6/29/2028 OG Anunoby
PLAYER
2028-29 Player Option 		$48,362,068
6/29/2028 Pacome Dadiet
RFA / QO
2028-29 Qualifying Offer 		$8,431,191
6/29/2028 Jalen Brunson
PLAYER
2028-29 Player Option 		$43,330,561

2024 Unsigned Draft Picks

Draft Year Player Pos Age Country College
2021 Rokas Jokubaitis PG 23 Lithuania
2017 Mathias Lessort SF 28 France
2017 Ognjen Jaramaz PF 28 Serbia
2016 Wang Zhelin C 30 China
2015 Nikola Radicevic PG 30 Serbia
2015 Daniel Diez SF 31 Spain
2015 Juan Vaulet SF 28 Argentina
2013 Bojan Dubljevic PF 32 Montenegro
2009 Emir Preldzic SF 36 Turkey
2009 Sergio Llull PG 36 Spain
2008 Tadija Dragicevic SF 38 Serbia
2007 Brad Newley F 39 Australia
2007 Petteri Koponen G 36 Finland
2005 Axel Hervelle PF 41 Belgium

Future Draft Picks

2025
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DET
If 1-13
NYK
If 14-30 (via HOU to OKC)
BKN
WAS
If 1-10
NYK
If 11-30 (via HOU to OKC)

2026
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DET
If 1-11 if not already settled with NYK
NYK
If 12-30 if not already settled (via HOU to OKC)
NYK
WAS
If 1-8 if not already settled with NYK then more favorable of PHX, ORL and WAS 1-8
NYK
If 9-30 if not already settled (via HOU to OKC)

2027
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DET
If 1-9 if not already settled with NYK
NYK
If 10-30 if not already settled (via HOU to OKC)
BKN

2028
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
BKN    NYK
Two most favorable of BKN, PHI 9-30 if not already settled and if PHI conveys 1st to OKC by 2026 and PHX (via BKN swap for PHX) Or swap with NYK
NYK    BKN
Or swap with BKN (via BKN swap for NYK)

2029
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
BKN

2030
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
NYK

2031
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
NYK

2025
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
NYK
More favorable of BOS and MEM to OKC then other to ORL (via BOS to OKC)
NYK
FORFEITED DUE TO TAMPERING

2026
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
NYK
(via ATL to OKC)
NYK
Least favorable of DET, MIL and ORL to PHX then others to ORL (via ORL to PHX to BKN)
NYK
Less favorable of MIN and NYK to NYK then other to DET
DET
More favorable of MIN and NYK to DET then other to NYK
WAS    NYK
WAS pick if WAS conveys 1st to NYK by 2026; NYK pick if WAS does not convey 1st to NYK to by 2026 (via HOU to OKC)

2027
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
DET    NYK
DET pick if DET conveys 1st to NYK by 2027; NYK pick if DET does not convey 1st to OKC by 2027 (via HOU to OKC)
NYK
Two most favorable of HOU, IND, MIA and OKC to NYK; Third pick to OKC then other to SAS (via HOU to DET to UTA to OKC)
NYK
Two most favorable of HOU, IND, MIA and OKC to NYK; Third pick to OKC then other to SAS (via HOU to DET to UTA to OKC)
NYK
WAS    NYK
WAS pick if WAS conveys 1st to NYK by 2026; NYK pick if WAS does not convey 1st to NYK to by 2026 (via HOU to OKC)

2028
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
DET
NYK
Less favorable of IND and PHX to NYK then other to IND (via IND)

2029
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
DET

2030
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
POR

2031
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
NYK

TRANSACTIONS

Jul 24, 2024
Tom Thibodeau, COA

Signed a 3 year contract extension with New York (NYK)

Jul 15, 2024
Cameron Payne, PG

Signed a 1 year $3.0 million contract with New York (NYK)

Jul 12, 2024
Jalen Brunson, PG

Signed a 4 year $156.5 million veteran contract extension with New York (NYK) - includes 2028-29 Player Option and 15% Trade Bonus

Jul 08, 2024
Ariel Hukporti, C

Signed a Two-Way contract with New York (NYK)

Jul 06, 2024
Juan Vaulet, SF

Traded to New York (NYK) from Brooklyn (BKN) with Mikal Bridges , Keita Bates-Diop and 2026 2nd round pick [least favorable of DET/MIL/ORL pick] for Bojan Bogdanovic, 2025 1st round pick [unprotected] , 2027 1st round pick [unprotected] , 2029 1st round pick [unprotected] , 2031 1st round pick [unprotected] , 2025 1st round pick [Top-4 protected via MIL] , 2028 1st round pick [BKN right to swap] , 2025 2nd round pick, Shake Milton and Mamadi Diakite

View More Transactions

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TRANSACTIONS

Jul 24, 2024
Tom Thibodeau, COA

Signed a 3 year contract extension with New York (NYK)

Jul 15, 2024
Cameron Payne, PG

Signed a 1 year $3.0 million contract with New York (NYK)

Jul 12, 2024
Jalen Brunson, PG

Signed a 4 year $156.5 million veteran contract extension with New York (NYK) - includes 2028-29 Player Option and 15% Trade Bonus

Jul 08, 2024
Ariel Hukporti, C

Signed a Two-Way contract with New York (NYK)

Jul 06, 2024
Juan Vaulet, SF

Traded to New York (NYK) from Brooklyn (BKN) with Mikal Bridges , Keita Bates-Diop and 2026 2nd round pick [least favorable of DET/MIL/ORL pick] for Bojan Bogdanovic, 2025 1st round pick [unprotected] , 2027 1st round pick [unprotected] , 2029 1st round pick [unprotected] , 2031 1st round pick [unprotected] , 2025 1st round pick [Top-4 protected via MIL] , 2028 1st round pick [BKN right to swap] , 2025 2nd round pick, Shake Milton and Mamadi Diakite

View More Transactions

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