In the aftermath of a court decision that now allows college players five seasons of eligibility, CBS Sports reported that Nickel was considering a return to college. In addition to entering the draft in the spring, the former Vanderbilt sharpshooter entered his name into the transfer portal. Another season of college basketball could also earn Nickel more money than a deal with the Knicks, based on projections that he could command seven figures in NIL payments. However, Nickel is reportedly focused on starting his NBA career. The question is whether the Knicks will sign him to a standard contract or a two-way contract, with the latter option allowing the team to save some cap space as the front office finalizes the roster.