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Rumor: Knicks trying to get Dennis Schroder on cheap deal after $25 million request

Dennis Schroder, Knicks

Dennis Schroder turned down a four-year, $84 million contract extension offer from the Los Angeles Lakers this past season because he was hoping to secure the bag this offseason. Well, it’s not looking good for Schroder after a couple of days of free agency. While the New York Knicks still have interest in him and make some sense for the German, they only have about $8 million in cap space left, according to Marc Berman of the New York Post.

Schroder was reportedly hoping for a long-term contract starting at $25 million a year. At this point, it’s hard to see any team giving him anything close to that after his uneven season with Los Angeles. He might just be better off taking a one-year prove-it deal and then hitting free agency again in 2022.

The Knicks have been busy in free agency, though it has largely involved bringing back their own free agents. Derrick Rose, Alec Burks, Nerlens Noel, and Taj Gibson were all retained on new deals. The big outside move so far involved prying Evan Fournier away from the Boston Celtics on a four-year deal worth close to $80 million.

New York could still use more offensive firepower at the point guard position, so getting Schroder on a cheap deal wouldn’t be a bad play. However, it’s unclear just what he has in mind. The German will likely have to swallow his pride after his egregious asking price and work hard to build his value back up for 2022.

Dennis Schroder averaged 15.4 points, 5.8 assists, and 3.5 rebounds in 32.1 minutes per game for the Lakers in 2020-21. He shot 43.7% from the field and 33.5% from 3-point range, which isn’t anything special. In the first-round series loss against the Phoenix Suns, the 27-year-old was a disaster with 14.3 points, 3.0 rebounds, and 2.8 assists per game while shooting 40.0% from the field and 30.8% from three.