The New York Knicks are one of the first teams to make a significant move with free agency officially starting on Monday night. According to reports, the Knicks have reached an agreement to retain the services of swingman Alec Burks in a three-year deal worth $100 million.
This report comes via Adrian Wojnarowski of ESPN:
Free agent G Alec Burks has agreed to a three-year, $30M contract to stay with the New York Knicks, sources tell ESPN.
— Adrian Wojnarowski (@wojespn) August 2, 2021
Alec Burks isn't exactly the biggest name in free agency this offseason, but this could still be considered as a win for the Knicks. New York clearly wanted Burks back and they wasted no time in securing him to a new deal.
Burks, who just turned 30 in July, pocketed $6 million last year with the Knicks. He proved to be a key piece to the rotation of coach Tom Thibodeau, averaging 12.7 points, 4.6 rebounds, and 2.2 assists in 25.6 minutes per game. Burks was one of the first players off the bench for New York last season, draining 2.1 triples per contest on a highly efficient 41.5-percent clip.
Burks played his way to a bigger and more long-term deal with the Knicks, and he's now set to earn around $10 million per year with his new contract. There's no doubt that other teams also had their eye on Burks, but New York has done a commendable job in fending off any interest from opposing squads.
The Knicks are expected to be one of the most active teams in free agency, and it is likely that this Burks signing is going to be the first of many for them in the coming days.
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