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Report: Sergio Rodriguez close to deal with Real Madrid

According to Spanish newspaper Marca, Sergio Rodriguez is leaving the Knicks to return to Europe.

According to the report, he is very close to signing a three-year deal with the Spanish team for $1.5 million euros (about $1.8 million dollars) a year.

Think of this like the Josh Childress situation. The Knicks had the restricted free agent rights to Rodriguez and could make a qualifying offer, or other NBA teams could make an offer that the Knicks could match. But he can get certified by FIBA to play overseas. The Knicks, if they wanted, could extend the qualifying offer anyway just to keep his rights.

It has long been rumored that the unhappy Rodriguez wanted to return across Atlantic. Rodriguez had been in the ABC but came to America in 2006. He spent three seasons in Portland before bouncing between the Kings and Knicks this season. He played solidly with New York and might have been considered a good back up two guard, but Toney Douglas fills that role for the Knicks better.

So apparently Europe it is. Through the translation it’s a little tough to tell exactly where the deal is, but it looks pretty much done.