The New York Knicks are hoping to improve their roster through the draft and free agency this 2021 offseason, but it looks like they have to make sure they'll be able to keep their core first.

According to Marc Berman of the New York Post, the Knicks are in danger of losing starting shooting guard/small forward Reggie Bullock in free agency. After a solid season in which he started 64 games and averaged 10.9 points on 44.2 percent shooting, the 31-year-old is expected to ask for a rather significant pay raise.

It remains to be seen if the Knicks want to retain him since it's likely he'll command the $9.2 million full mid-level exception. However, they need to make a decision rather quickly since the Boston Celtics and Philadelphia 76ers are said to be interested in Bullock's services.

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The Los Angeles Lakers are also reported to have some interest and could make a run to lure him back to LA. Bullock played for the Purple and Gold midway through the 2018-19 season after the team traded for him from the Detroit Pistons.

New York will surely have some tough decisions to make. After experiencing the playoffs for the first time in eight years, they would want to keep contending in the postseason and for the championship. Nonetheless, with the way the team is currently constructed, they will need to make some key additions to elevate themselves further.

Whether Reggie Bullock is part of that future is unknown, but the Knicks should be making their decision sooner rather than later.