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Report: Knicks have team options on Derrick Rose, Nerlens Noel, Alec Burks contracts

Derrick Rose and Nerlens Noel in Charlotte Hornets v New York Knicks

NEW YORK, NEW YORK - APRIL 20: Nerlens Noel #3 and Derrick Rose #4 of the New York Knicks high-five during the second half against the Charlotte Hornets at Madison Square Garden on April 20, 2021 in New York City. The Knicks won 109-97. 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 Sarah Stier/Getty Images)

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The Knicks’ offseason keeps looking better.

New York is signing Kemba Walker after the guard makes a late entrance to 2021 free agency. Derrick Rose (three years, $43 million), Nerlens Noel (three years, $32 million) and Alec Burks (three years, $30 million) also have team options in the final season of their contracts.

Ryan McDonough of Audacy Sports:

The overall understanding of the Knicks’ offseason hasn’t changed. They’re locking into a solid team with a relatively high floor and relatively moderate ceiling.

But there’s a significant difference between guaranteeing Rose, Noel and Burks for just two years rather than three. That comes with much more flexibility.

New York is locking into three years with Evan Fournier before a team option. It took a little more to lure him from the Celtics.

Of course, Fournier isn’t the big star the Knicks covet. Even if – maybe especially if – New York returns to the playoffs next season, its ambition will increase.

Re-signing Rose, Noel and Burks helps the Knicks remain competitive in the short-term. Giving all three team options in the third season could help the Knicks transition into whatever comes next.