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Report: After two-year, $21 million deal falls apart, Knicks signing Reggie Bullock for less than room exception

Los Angeles Lakers v Detroit Pistons

DETROIT, MI - MARCH 15: Reggie Bullock #35 of the Los Angeles Lakers looks to the sidelines during the third quarter of the game against the Detroit Pistons at Little Caesars Arena on March 15, 2019 in Detroit, Michigan. Detroit defeated Los Angeles 111-97. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement (Photo by Leon Halip/Getty Images)

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Reggie Bullock agreed to a two-year, $21 million contract with the Knicks.

He’ll get far less.

A health issue became apparent before the original deal was finalized. So, New York used nearly all its remaining cap space on Marcus Morris, who got a one-year, $15 million contract.

That left only the $4,767,000 room exception available for Bullock.

And he won’t get even get all that.

Ian Begley of SNY:

Marc Berman of the New York Post:

That’s a tough turn for Bullock. Less than the room exception and a team option – man. I wonder how much more, if any, Bullock got than his minimum ($2,028,594).

But David Bauman sure sounds pleased with the process. If his agent isn’t slamming the Knicks, Bullock hopefully also feels treated fairly.

This significant drop in salary sure signals major health concerns.