Barrett, Knicks near deal as Mitchell talks fade

New York Knicks guard RJ Barrett is finalizing a four-year rookie extension that might be price as much as $120 million, his agent Invoice Duffy of BDA Sports activities and WME Sports activities instructed ESPN on Monday, complicating the franchise’s offseason commerce pursuit of Utah Jazz All-Star Donovan Mitchell.

Barrett’s deal — which makes him the youngest $100 million participant in Knicks historical past at 22 years previous — ends a number of weeks of commerce discussions for Mitchell between New York and Utah, and forces the 2 organizations, in the event that they select, to begin over talks with considerably completely different issues due to the “poison capsule” provision now in Barrett’s deal.

New York president of basketball operations Leon Rose set a Monday night time deadline with Utah to succeed in an settlement on a commerce for Mitchell — or the Knicks would decide to the Barrett extension, sources stated.

Whereas the Jazz-Knicks commerce talks intensified and the hole on deal factors that included Barrett within the package deal tightened over the weekend and into Monday, there remained a gulf on reaching a commerce for Mitchell, sources stated. As soon as the Knicks and Jazz exhausted discussions on Monday night time, Rose and Duffy finalized the extension eligible to gamers out of the 2019 NBA draft class.

Barrett’s deal ends a exceptional 23-year drought for the Knicks: He is the franchise’s first draft choose to comply with a multiyear contract extension after his rookie deal since Charlie Ward in 1999, in response to ESPN Stats & Info.

Barrett averaged 20 factors, 5.8 rebounds and three assists for the Knicks a season in the past. He was the No. 3 general choose within the 2019 draft out of Duke, behind New Orleans’ Zion Williamson and Memphis’ Ja Morant.

Barrett’s one in all solely 5 gamers in NBA historical past to amass 3,000 factors, 1,000 rebounds and 200 three-pointers earlier than his twenty second birthday, becoming a member of Kobe Bryant, Luka Doncic, Kevin Durant and LeBron James.

The Knicks did embody Barrett in commerce proposals for Mitchell, sources stated, which is why the method to finish the extension prolonged a number of further weeks. Barrett was a staple of a number of completely different commerce variations mentioned, however hurdles remained on Monday concerning the whole of unprotected first-round picks within the deal and the inclusion of Knicks guard Quentin Grimes, sources stated.

Nonetheless, the Jazz vastly valued Barrett as a part of any Mitchell take care of New York, and a deal with out him would require the Knicks to relinquish much more draft belongings than they’ve proven a willingness to do, sources stated.

As soon as the Knicks dedicated to Barrett’s extension, administration grew to become resigned to the truth that there’s a way more troublesome path to an offseason deal to accumulate Mitchell. Nonetheless, neither Utah or New York is ruling out restarting the talks earlier than the beginning of coaching camps in late September, sources stated.

The edges have been discussing a commerce on and off since early July. Out of the 179 gamers in NBA historical past who’ve had the Poison Capsule provision, just one — Devin Harris in 2008 — was moved.

For commerce functions, the “poison capsule” is computed with a system that might make the Knicks’ outgoing wage on a commerce at $10.9 million however require the incoming wage for a group buying him to be $26.2 million. The restriction shall be lifted on July 1.

For Barrett to be included in a commerce to the Jazz, the Knicks would wish to discover a third group with wage cap area to redirect Evan Fournier‘s $37 million contract.

The Jazz aren’t significantly engaged elsewhere on a Mitchell deal now, sources stated, which makes actual the chance that he may nonetheless be on the roster for the beginning of late September coaching camp.

The Jazz are dedicated to beginning a rebuild after buying and selling All-Star heart Rudy Gobert to the Minnesota Timberwolves for 5 first-round picks in July. Mitchell, 25, is a three-time All-Star and larger New York native who would immediately change into the franchise’s finest participant.

ESPN Entrance-Workplace Insider Bobby Marks contributed to this report.

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