NBA Rumors: Kemba Walker, Knicks Agree To These Contract Details

The New York Knicks will pay Kemba Walker much less than his previous employers did.

The contract the veteran point guard and Knicks have agreed to sign will pay him around $8 million annually for two years, Bleacher Report’s Jake Fischer and NBA TV’s Ryan McDonough reported Wednesday, citing NBA sources. That figure will allow New York to fit Walker’s deal under the salary cap for the 2021-22 season.

The New York Knicks are planning to offer Kemba Walker a contract worth roughly $8 million in average annual value, according to league sources.

— Jake Fischer (@JakeLFischer) August 4, 2021

Kemba Walker will sign a 2 year contract with the Knicks in the $8-9 million range, per league sources.

New York also has Team Options for the final seasons on the Alec Burks, Nerlens Noel and Derrick Rose contracts (in addition to Evan Fournier’s, as was previously reported)

— Ryan McDonough (@McDNBA) August 4, 2021

Walker and the Oklahoma City Thunder on Wednesday reportedly agreed to a buyout of his previous contract, which had two years and $74 million remaining. The buyout made Walker a free agent, but his stint on the open market appears destined to be a brief one, with a move to his hometown Knicks looming.

New York reportedly is bullish on Walker and believes he remains an All-Star talent at 31 years old, despite his recent knee problems. Should Walker return to his previous heights and match those expectations, his Knicks contract will represent one of the NBA’s biggest steals.