There is a strong belief from within the New York Knicks organization that they can acquire free agent forward Marcus Morris while also being able to renegotiate their deal with sharpshooting swingman Reggie Bullock, according to a report by SNY's Ian Begley.

The Knicks originally had agreed to a two-year, $21 million deal with Bullock, with a player option on the second year, but an unknown medical issue has caused New York to reconsider its offer to the six-year guard.

The Knicks and Bullock's camp are still engaged in negotiating the new deal, and the team is confident they can get this sorted out anytime soon.

If Bullock will agree to take a pay cut on his new deal, then it might just pave the way to the Knicks signing Morris.

Morris has already agreed to a two-year. $20 million deal with the San Antonio Spurs, but the veteran forward is thinking about backing out because the Knicks' offer of $15 million in one year looks more appealing to him. However, this could hurt the Spurs big time, as they have already traded stretch forward Davis Bertans to the Washington Wizards and renegotiated DeMarre Carroll's contract just to accommodate Morris.

If the Knicks are serious in acquiring Morris, they will have to convince Bullock to take the nearly $4.8 million room exception.

If Bullock somehow agrees to take the room exception, the Knicks would then be able to free up close to $15 million in cap space, which they would then use to lure Morris away from the Spurs.