The New York Knicks front office found themselves stuck between a (very expensive) rock and a roster spot. If the Knicks needed extra cap room to sign a top-tier free agent next summer, they would have been stretch Noah at that time. Looking ahead, the $19,295,000 owed to Noah in 2019-20, the final season on his deal, will be stretched over three seasons. The upshot is New York will have $12 million more in cap room to play with next summer. Knicks fans were already expecting big things next summer after the Knicks front office stated they planed to make a major splash in free agency.
Source: Forbes October 13, 2018 18:46 UTC