The New York Knicks have officially re-signed big man Precious Achiuwa to a one-year, $6 million deal, as confirmed by ESPN’s Adrian Wojnarowski. Achiuwa made the decision to waive his no-trade clause as part of the agreement, according to a report by Ian Begley of SNY.
Following the departure of Isaiah Hartenstein to the Oklahoma City Thunder, Achiuwa’s return to the Knicks became crucial, despite interest from other teams.
This contract is advantageous for New York, as they still have $7.6 million remaining below the second apron line, where they are hard capped, according to ESPN’s Bobby Marks. If Achiuwa continues to perform well, like he did after being acquired in the OG Anunoby trade, it will be a positive outcome for the Knicks. Alternatively, if his performance declines, his salary can be used in a trade as an expiring contract alongside another player to acquire a higher-value trade piece in the range of $10-12 million.
By waiving his right to veto a trade in the future, Achiuwa has given the Knicks flexibility to make moves closer to the trade deadline in February. This is a typical right that players signing one-year deals usually retain.
The Knicks may be active in the trade market come February, with Achiuwa potentially securing a permanent role as a backup center for a championship-contending team. Additionally, there is speculation surrounding the possibility of Julius Randle being traded.
As it stands, the Knicks appear to be legitimate contenders after a successful summer of transactions led by Leon Rose. Acquiring Mikal Bridges, re-signing OG Anunoby, and securing a team-friendly deal with Jalen Brunson have positioned the Knicks for sustained success in the years to come.
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