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Kristaps Porzingis qualifying offer drops from $7.5 million to $4.5 million because of injury

Kristaps Porzingis qualifying offer drops from $7.5 million to $4.5 million because of injury
Published On: Fri, Jan 11
March 11, 2016; Los Angeles, CA, USA; New York Knicks forward Kristaps Porzingis (6) during a stoppage in play against Los Angeles Clippers during the second half at Staples Center. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports

Having missed his 42nd game of the season,A New York KnicksA unicornA Kristaps PorzingisA will have his qualifying offer drop from $7.5 million to $4.5 million, according toA ESPN Insider Bobby Marks. Even with that smaller net amount, the Knicks will still have a $17.1 million cap hold on the books before he signs any new deal.

PorzingisA is eligible for a five-year, $158 million contract with a starting salary of $27.25 million for 2019-20 a€” a contract he will likely negotiate this summer with the Knicksa€™ front office.

The 7-foot-3 forward has been out of action since sustaining and ACL tear last February, still recovering from the injury and in danger to miss the entire season with the Knicks boasting the third-worst record in the league.

To maintain salary cap flexibility, New York will dangle this qualifying offer of $4.5 million to make him a restricted free agent instead of agreeing to an extension right away.A 

Read the complete news article here...


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